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)

Church Walk, 3-4 bed homes


Church Walk, Newton Abbot, Teignbridge, TQ12 6PP

Shared ownership

Starting prices

50% share from
£125,280
Full price
£250,560
Minimum deposit
£6,264
Monthly rent
£287

Overview

Church Walk , Newton Abbot is made up of 3 and 4 bedroom houses now available on part buy - part rent. 


Local area information

Situated on the leafy outskirts of the bustling market town of Newton Abbot, Church Walk is ideally placed for work and local leisurefacilities and amenities.
Newton Abbot has a rich and diverse range of shops, pubs, bars and restaurants, not to mention a nationally renowned racecourse. Local schools include All Saints Marsh Primary, Abbotsbury and Coombeshead Academy – all with a good Ofsted rating.

With Newton Abbot train station just a 5 minute drive away, the vibrant cities of Exeter (20 minutes) and Plymouth (35 minutes) are within easy reach. Exeter Airport is conveniently located (30 minutes’ drive) with a good range of domestic and overseas flights.

The stunning Dartmoor countryside is under 20 minutes away via the A382 and Devon Expressway, with the pretty villages of Bovey Tracey, Ashburton and Buckfastleigh located en route. These charming destinations are steeped in history with plenty to offer in terms of shopping, cafés and country walks.
*Images are for illustrative purposes only. Please speak to Sales Adviser for full details*


Plot availability

Plot number Eveleigh - 3 bed
Tenure Shared ownership
Availability Available
Bathrooms 2
Minimum share 50%
Minimum share price £126,900
Full market price £253,800
Ownership Leasehold

Located on the development's tree-lined edge, this 3 bedroom home has a spacious living room running the width of the house & French doors to the garden. There is a downstairs cloakroom. Upstairs there is an ensuite to Bedroom 1, with a family bathroom for Bedrooms 2 & 3.

*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**

Features:

  • Allocated parking spaces
  • Downstairs cloakroom
  • Stainless steel oven/hob/hood
  • White sanitaryware with chrome finish taps
  • Rear garden
  • Ensuite to the master
  • Fitted kitchen
  • Gas combi boiler
  • Low energy external light to front door
  • External tap to rear garden

FAQ's

Min share price from: £126,900 for a 50% share
Full price from: £253,800
Minimum deposit from: £6,264
Bedrooms: 3
Bathrooms: 2

There is only one available priced at £126,900 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
£125,280
Full price
£250,560
Minimum deposit
£6,264
Monthly rent
£287