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)

Cayton Reach, 4 bed homes


Cayton Reach, Scarborough, YO11 3EX

Shared ownership

Starting prices

50% share from
£115,963
Full price
£231,925
Minimum deposit
£5,798
Monthly rent
£266

Overview

Cayton Reach, Middle Deepdale is made up of 4  bedroom houses now available on part buy - part rent.

*Images are for illustrative purposes only. Please speak to Sales Adviser for full details*

**Prices vary across plots, please speak to a sales advisor for more information**


Local area information

We are pleased to introduce Cayton Reach, a wonderful collection of 4 bedroom houses for sale in Scarborough. 

These new homes are being built in the area of Middle Deepdale which is being developed to create a modern thriving new community with lots of amenities. These new homes in Scarborough are being created as part of this exciting new town, and will be somewhere for a whole new community to call home. The immediate area has plenty for all the family; good amenities for everyday needs, including a nearby medical centre, schools for all ages and good transport links into central Scarborough. And with a popular nature reserve close by, choosing a new home in Middle Deepdale will give you and your family everything you need and want.

*Images are for illustrative purposes only. Please speak to Sales Adviser for full details*

**Prices vary across plots, please speak to a sales advisor for more information**


Plot availability

Plot number Mylne
Tenure Shared ownership
Availability Available
Bathrooms 2
Minimum share 50%
Minimum share price £115,963
Full market price £231,925
Monthly rent £266
Ownership Leasehold

This superb 4 bedroom property features a good sized living room to the front and a fantastic kitchen dining room to the rear which includes an integrated fridge freezer. Glazed doors lead from the dining area onto the rear garden. Upstairs are the family bathroom and 4 bedrooms with the master having an ensuite. Outside is a detached garage with a driveway offering additional parking.

Features:

  • Detached garage
  • Downstairs cloakroom/W.C.
  • Great open plan kitchen/dining/family space
  • 4 well-proportioned bedrooms
  • Large living room
  • Large master bedroom with ensuite
  • Built-in storage

 *Images are for illustrative purposes only. Please speak to Sales Adviser for full details*

**Prices vary across plots please speak to a sales advisor for more information**

Plot number Goodridge
Tenure Shared ownership
Availability Available
Bathrooms 2
Minimum share 50%
Minimum share price £118,996
Full market price £237,922
Monthly rent £273
Ownership Leasehold

The Goodridge – a vibrant and flexible 4-bedroom home, beautifully designed to make the most of family living.

 

The Goodridge is a stunning 2-storey, 4-bedroom home, with sparkling white walls and everything brand new, located in an ideal cul-de-sac location. Step inside and find yourself in the entrance hallway. Turn left into the living room, washed in natural light, or move on to the rear of the house, into a beautifully appointed open-plan kitchen diner complete with utility room giving access directly into the rear garden. This area serves as the buzzing heart of the house, with double doors leading out to a spacious garden. The rest of the ground floor is given over to a huge integral garage, meaning your vehicle can always be tucked safely out of sight. Move on up the staircase to the first floor, and find four well proportioned, bright bedrooms.

The master bedroom has access to its own ensuite shower room, and there’s also a sparkling new family bathroom, with a bathtub designed for relaxation. All the rooms are generously sized, spread around a central landing that provides access to the loft.

This attractive property is part of the wider Cayton Reach development, and so connects you to a warm, vibrant local community from the moment you move in.

Features:

  • Downstairs cloakroom/W.C.
  • Ensuite to master bedroom
  • Glazed doors to garden
  • 4 well-proportioned bedrooms
  • Integral garage
  • Large living room
  • Open plan kitchen/diner
  • Utility area
  • Built-in storage

 *Images are for illustrative purposes only. Please speak to Sales Adviser for full details*

**Prices vary across plots please speak to a sales advisor for more information**


FAQ's

Min share price from: £115,963 for a 50% share
Full price from: £231,925
Minimum deposit from: £5,798
Monthly rent from: £266
Bedrooms: 4
Bathrooms: 2

There are 2 available ranging from £115,963 for a 50% share to £118,996 for a 50% 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

Heylo Housing
Shared ownership

Starting prices

50% share from
£115,963
Full price
£231,925
Minimum deposit
£5,798
Monthly rent
£266