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%.

Read more about Shared ownership (Opens in new window)

Bury Water Lane , 3 bed homes


Bury Water Lane, Newport, Saffron Walden, Uttlesford, CB11 3TZ

Shared ownership

Starting prices

25% share from
£87,500
Full price
£350,000

Overview

Launching Saturday 5th January 2019.  To book an appointment to view these homes please call 01992 453712 or email homeownershipsales@b3living.org.uk  Please note that viewings are by appointment only and subject to a financial assessment.

4 x three bedroom homes available for shared ownership, all with private parking.

Bury Water Lane is situated in the semi-rural retreat of Newport.

The village of Newport provides good transport links with the M11 just minutes away, and Newport train station providing direct access to London Liverpool Street and Cambridge.

The bustling market town of Saffron Walden is just 2 miles, providing a range of shops and restaurants.  Saffron Walden is set in the county of Essex and surrounded by rolling countryside.  Just 14 miles from Stansted Airport and only 56 miles from central London.


Local area information

The village of Newport provides good transport links with the M11 just minutes away, and Newport train station providing direct access to London Liverpool Street and Cambridge.

The bustling market town of Saffron Walden is just 2 miles away, providing a range of shops and restaurants.

Just a short walk away is the Joyce Franklin Academy secondary school and Newport Primary School.


Plot availability

Plot number 47
Tenure Shared ownership
Availability Available
Bathrooms 2
Minimum share 25%
Minimum share price £87,500
Full market price £350,000
Monthly rent £602
Monthly service charge £55

Kitchen

  • White kitchen units

  • Stainless steel sink with chrome mixer, swivel tap

  • Low level stainless steel bushed electric oven

  • Gas hob & chrome extractor hood

  • Chrome track lighting

  • Wood effect laminate flooring

  • Fitted blinds

 

Bathroom

  • Contemporary white bathroom suite

  • Chrome sanitaryware

  • Chrome ladder towel rail

  • Tile effect floor covering

 

General

  • Carpets to living room, bedrooms and hallway

  • Woodwork and internal doors painted a white gloss finish

  • Silver colour door ironmongery

  • TV points provided in the living room and master bedroom

  • Fitted blinds

  • 10 year NHBC Cover

  • Front and rear gardens

  • Gas central heating

  • Parking for two cars.

Downstairs cloakroom

Plot number 48
Tenure Shared ownership
Availability Available
Bathrooms 2
Minimum share 25%
Minimum share price £87,500
Full market price £350,000
Monthly rent £602
Monthly service charge £55

Kitchen

  • White kitchen units

  • Stainless steel sink with chrome mixer, swivel tap

  • Low level stainless steel bushed electric oven

  • Gas hob & chrome extractor hood

  • Chrome track lighting

  • Wood effect laminate flooring

  • Fitted blinds

 

Bathroom

  • Contemporary white bathroom suite

  • Chrome sanitaryware

  • Chrome ladder towel rail

  • Tile effect floor covering

 

General

  • Carpets to living room, bedrooms and hallway

  • Woodwork and internal doors painted a white gloss finish

  • Silver colour door ironmongery

  • TV points provided in the living room and master bedroom

  • Fitted blinds

  • 10 year NHBC Cover

  • Front and rear gardens

  • Gas central heating

  • Parking for two cars.

  • Downstairs cloakroom

Plot number 49
Tenure Shared ownership
Availability Available
Bathrooms 2
Minimum share 25%
Minimum share price £87,500
Full market price £350,000
Monthly rent £602
Monthly service charge £55

Kitchen

  • White kitchen units

  • Stainless steel sink with chrome mixer, swivel tap

  • Low level stainless steel bushed electric oven

  • Gas hob & chrome extractor hood

  • Chrome track lighting

  • Wood effect laminate flooring

  • Fitted blinds

 

Bathroom

  • Contemporary white bathroom suite

  • Chrome sanitaryware

  • Chrome ladder towel rail

  • Tile effect floor covering

 

General

  • Carpets to living room, bedrooms and hallway

  • Woodwork and internal doors painted a white gloss finish

  • Silver colour door ironmongery

  • TV points provided in the living room and master bedroom

  • Fitted blinds

  • 10 year NHBC Cover

  • Front and rear gardens

  • Gas central heating

  • Parking for two cars.

  • Downstairs cloakroom

Plot number 51
Tenure Shared ownership
Availability Available
Bathrooms 2
Minimum share 25%
Minimum share price £87,500
Full market price £350,000
Monthly rent £602
Monthly service charge £55

Kitchen

  • White kitchen units

  • Stainless steel sink with chrome mixer, swivel tap

  • Low level stainless steel bushed electric oven

  • Gas hob & chrome extractor hood

  • Chrome track lighting

  • Wood effect laminate flooring

  • Fitted blinds

 

Bathroom

  • Contemporary white bathroom suite

  • Chrome sanitaryware

  • Chrome ladder towel rail

  • Tile effect floor covering

 

General

  • Carpets to living room, bedrooms and hallway

  • Woodwork and internal doors painted a white gloss finish

  • Silver colour door ironmongery

  • TV points provided in the living room and master bedroom

  • Fitted blinds

  • 10 year NHBC Cover

  • Front and rear gardens

  • Gas central heating

  • Parking for two cars.

  • Downstairs cloakroom


FAQ's

Min share price from: £87,500 for a 25% share
Full price from: £350,000
Monthly rent from: £602
Bedrooms: 3
Bathrooms: 2

There are 4 available ranging from £87,500 for a 25% share to £87,500 for a 25% share.

It’s the same as buying on the open-market but you’re buying a share of a property, so therefore pay a mortgage on the part you own.

An independent mortgage advisor can help suggest which type of mortgage might be best for you, based on your situation.

Leasehold, which is essentially the contract for the share you've bought.

It means you've got the right to keep your home for a certain number of years (usually at least 125), but the land belongs to someone else. Your lease also sets out how much you need to pay each month, your responsibilities while living there and all the details of your agreement with the housing association. Make sure you go through it and ask lots of questions.

Your solicitor can help you with this.

It all depends on your lease (your contract with the housing association) so check it thoroughly and ask questions before you buy.

Housing Provider

B3Living
Shared ownership

Starting prices

25% share from
£87,500
Full price
£350,000