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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Cayton Reach, 4 bed homes


Cayton Reach, Scarborough, Scarborough, YO11 3EX

Shared ownership

Starting prices

50% share from
£119,975
Full price
£239,950
Minimum deposit
£5,999
Monthly rent
£275

Overview

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


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*


Plot availability

Plot number Mylne
Tenure Shared ownership
Availability Available
Bathrooms 2
Minimum share 40%
Minimum share price £95,980
Full market price £239,950
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 into the south west facing garden.

Upstairs is the family bathroom and 4 bedrooms with the master having an ensuite. Outside, there is a detached garage with a driveway offering additional parking.

Features:

  • 4-bedroom home
  • Detached garage
  • Ensuite to the master bedroom
  • Downstairs W.C.
  • Glazed doors to garden
  • Fitted kitchen with laminate worktop and upstand
  • Double Oven/Chimney hood/4 burner gas hob/Stainless steel splashback to hob
  • Integrated fridge freezer
  • Smoke alarm and Carbon monoxide alarm
  • Gas fired boiler
  • Low energy external light to front door

 *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: £95,980 for a 40% share
Full price from: £239,950
Minimum deposit from: £5,999
Bedrooms: 4
Bathrooms: 2

There is only one available priced at £95,980 for a 40% 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
£119,975
Full price
£239,950
Minimum deposit
£5,999
Monthly rent
£275