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)

Cherry Blossom, 3 bed homes


Keys Park Road, Hednesford, Cannock Chase, WS12 2DZ

Shared ownership

Starting prices

50% share from
£109,475
Full price
£218,995
Minimum deposit
£5,474
Monthly rent
£251

Overview

Cherry Blossom, Hednesford, is made up of 3 bedroom homes now available through part buy-part rent.  


Local area information

Located in the charming town of Hednesford, Cherry Blossom has a selection of beautiful 3 bedroom new homes.

Starting as a small mining community, Cannock has grown into a bustling town and is home to many historic landmarks and beautiful green spaces. Both Cannock and Hednesford still proudly celebrate their roots with a Miner’s Lamp in the centre of Hednesford to honour the Cannock miners. Just north of the town centre, Cannock Chase has been designated as an Area of Outstanding Natural Beauty and is rich with history and culture.

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


Plot availability

Plot number Flatford
Tenure Shared ownership
Availability Available
Bathrooms 3
Minimum share 50%
Minimum share price £109,975
Full market price £219,950
Monthly rent TBC
Ownership Leasehold

With a versatile layout the 3 bedroom Flatford is suited to couples and families alike.

The lounge/diner has French doors out to the garden, while the kitchen has plenty of space for relaxed mealtimes. Meanwhile, a guest cloakroom is also located off the entrance lobby.

Upstairs, the landing leads to the en-suite master bedroom, along with a well proportioned guest bedroom, a main bathroom and a further bedroom.

 

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

 

  • Rear garden
  • Cloakroom
  • Ensuite
Plot number Gosford
Tenure Shared ownership
Availability Available
Bathrooms 2
Minimum share 50%
Minimum share price £112,475
Full market price £224,950
Ownership Leasehold

The 3 bedroom Gosford will appeal to first-time buyers and families looking for a little extra space.

 

The entrance opens through to the lounge, following through to a guest cloakroom and a large kitchen/diner which has French doors out to the garden.

 

The first floor comprises the en-suite master bedroom, a main bathroom, a further double

  • Open plan kitchen/diner with french doors onto the garden
  • Separate living area
  • Downstairs cloakroom
  • Ensuite to the master
  • The Symphony Group kitchen units
  • Zanussi electric single oven/gas hob/Electrolux cooker hood/stainless steel hob splashback
  • Gas central heating with thermostatically controlled radiator valve (excluding rooms with room thermostat)
  • Mains operated smoke detectors

Service charge outlined on this portal is heylo’s admin and building insurance fee. Estate and Service charge fees (if applicable) are available from the sales team on site. 

*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: £109,975 for a 50% share
Full price from: £219,950
Minimum deposit from: £5,474
Bedrooms: 3
Bathrooms: 3

There are 2 available ranging from £109,975 for a 50% share to £112,475 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
£109,475
Full price
£218,995
Minimum deposit
£5,474
Monthly rent
£251