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)

Cedar Place, 2-3 bed homes


Cedar Place, Preston, Preston City, PR3 5DQ

Shared ownership

Starting prices

50% share from
£62,475
Full price
£124,950
Minimum deposit
£3,124
Monthly rent
£143

Overview

Cedar Place Barton, is made up of 2 and 3 bedroom apartments / houses now available on part buy - part rent.


Local area information

Cedar Place is a superb new development of 2 and 3 bedroom detached family homes, located in the charming semi-rural village of Barton, one of the most desirable residential areas in Lancashire.

The development is an ideal choice for family living with excellent local amenities, including Ofsted rated ‘outstanding’ schools. Barton is also within easy driving distance of the delightful market town of Garstang, the historic village of Broughton, and Bilsborrow – home to popular Guys Thatched Hamlet and world renowned Myerscough College.

Local landmarks such as the Trough of Bowland and Ribble Valley are just minutes away to the east of the development with the Lake District less than an hour away, and the popular coastal resorts of Lytham and St Annes approximately 30 minutes driving distance.

Cedar Place is well placed for easy commuting to all parts of the North West and beyond, with access to the motorway network just minutes away with the opening of the new Broughton bypass, and Preston railway station – the central point on the West Coast Main Line – just six miles from the development.

The city of Preston with its bustling high street, is a shoppers paradise, with all major high street retailers represented alongside an abundance of smaller independent outlets. Major retail parks can also be found dotted around the outskirts. Preston also boasts a vibrant social and cultural scene, with an array of energetic pubs and bars, chic cafes and restaurants, theatres and nightclubs.


Plot availability

Plot number Oakmere - 2 bed
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 50%
Minimum share price £62,475
Full market price £124,950

The Oakmere is a 2-bedroom apartment complete with open plan kitchen/living area, master bedroom, a further second bedroom and a family bathroom. 

2-bed apartment,

Open plan kitchen/living area,

Fitted kitchen

Plot number Baird - 3 bed
Tenure Shared ownership
Availability Available
Bathrooms 2
Minimum share 50%
Minimum share price £87,475
Full market price £174,950

As the perfect choice for a stunning family starter home, the three bedroom Baird housetype offers contemporary living with a timeless quality.

Constructed to the highest specifications; the property was built with practicality at its heart, including an open plan kitchen/dining room and a separate lounge situated on the ground floor, providing the perfect space to spend time together.

The three bedrooms and a family bathroom are located on the first floor.

3-bed house,

Open plan kitchen/diner,

Separate living area,

Fitted kitchen,

Stainless steel single oven/4 ring gas hob/silver glass splashback and extractor hood,

Rear garden

Plot number Brancaster - 3 bed
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 50%
Minimum share price £99,975
Full market price £199,950

The Brancaster is a delightful three bedroom home, offering a spacious lounge on the ground floor as well as an open plan dining room/kitchen with patio doors from each room leading to the rear garden, which provide plenty of light to give a contemporary feel to the house for modern family living.

The master bedroom benefits from its own en-suite bathroom on the first floor; and two further spacious bedrooms and a family bathroom are also located off the central landing.

3-bed home,

Separate living room,

Open plan kitchen/diner,

Ensuite to the master,

Fitted kitchen,

Stainless steel single oven/4 ring gas hob/silver glass splashback and extractor hood,

Rear garden


FAQ's

Min share price from: £62,475 for a 50% share
Full price from: £124,950
Minimum deposit from: £3,124
Bedrooms: 2
Bathrooms: 1

There are 3 available ranging from £62,475 for a 50% share to £99,975 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
£62,475
Full price
£124,950
Minimum deposit
£3,124
Monthly rent
£143