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)

Cliffside Drive, 2-3 bed homes


South Cliff Place, Broadstairs, Thanet, CT10 1RX

Shared ownership

Starting prices

25% share from
£76,250
Full price
£305,000
Minimum deposit
£4,000
Monthly rent
£524
Monthly service charge
£36

Overview

West Kent are pleased to announce one remaining three bedroom home available on the shared ownership scheme.

South Cliff Place is a small development located in the seaside location of Broadstairs.

We are also offering £500 towards legal fees!

Contact the sales team to register your interest and find out more details.

 


Local area information

Broadstairs is also well known for its Blue Flag award winning sandy beaches, including Viking Bay and Joss Bay. The town also offers a good range of facilities with a wonderful selection of boutique shops, restaurants and cinema, together with those found at Westwood Cross shopping centre. 

Education options in Broadstairs are endless from nursery right up to Christ Church university and everything in between for all capabilities.

Broadstairs benefits from the High Speed Rail with direct services to London (St Pancras 76 mins). The nearby A299 Thanet Way provides good access to the motorway network. 


Plot availability

Plot number 19
Tenure Shared ownership
Availability Available
Bathrooms 2
Minimum share 25%
Minimum share price £100,000
Full market price £400,000
Monthly rent £688
Monthly service charge £38
Ownership Leasehold

FAQ's

Min share price from: £100,000 for a 25% share
Full price from: £400,000
Minimum deposit from: £4,000
Monthly rent from: £688
Bedrooms: 3
Bathrooms: 2

There is only one available priced at £100,000 for a 25% 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.

Yes, but it all depends on your lease (your contract with the housing association) so check it thoroughly and ask questions before you buy.

Housing Provider

West Kent
Shared ownership

Starting prices

25% share from
£76,250
Full price
£305,000
Minimum deposit
£4,000
Monthly rent
£524
Monthly service charge
£36