Shared ownership is another way to buy your own home. You buy a percentage, and pay rent on the rest. The housing association owns part of it — but you’re living there, you decorate it, and you decide when to sell.
Buying a percentage means a smaller deposit and smaller mortgage. It’s a sooner first step on the ladder for lots of people. Usually, you can also carry on buying shares, to own it 100%.
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Bowbridge Road Newark, 2-3 bed homes
RESERVE OFF PLAN TODAY! 2 & 3 bedroom properties available to purchase through shared ownership have been released on the new development on Bowbridge Road in Newark. There is a mixture of 3 bed houses and two 2 bed homes, all with off street allocated parking. One type of the two bed properties consists of a living room leading through to a kitchen diner, where you can find a WC and access the rear of the property and garden. The three bed house consists of a lounge and kitchen diner. The kitchens are fitted with contemporary units as well as an oven, hob and extractor hood. All of the properties benefit from two double bedrooms, with the three bed house having an additional single room. There is a three piece white bathroom suite with a shower over the bath, and vinyl to all the wet areas.
Local area information
Newark is an historic, thriving Market Town in Nottinghamshire, located just off the A1 on the east side of Nottingham. Newark has easy access to the A1 & A46 and lies 19 miles west of the City of Lincoln. The town stand on the River Trent and as well as the markets, benefits from indoor shopping in the Buttermarket and well known high street brands. The Bowbridge Road development is a short walk from the town center.