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)

Daedalus Village, 1-2 bed homes


Daedalus Drive, Lee on the Solent, Gosport, PO13 9YP

Shared ownership

Starting prices

30% share from
£54,000
Full price
£180,000
Minimum deposit
£2,700
Monthly rent
£248
Monthly service charge
£94

Overview

>One and two bedroom apartments
>Available on Shared Ownership
>Deposit starting from £2,700*

Radian Homes are proud to be delivering the next chapter of this historical location with a collection of 80 one and two-bedroom Shared Ownership apartments and houses. Built around large, open green spaces that reflect the surrounding landscape of the Hampshire countryside, every home is finished to a high specification with large windows to flood each home with natural light.

Thoughtfully designed to encompass the location’s rich history, the character of the former naval buildings is complemented by a new, enhanced style that will see the heritage of this remarkable location preserved for generations to come.

Lee-on-the-Solent is the perfect place to call home, with panoramic views across The Solent, the beach just a short stroll away and acres of nearby country parks to explore with the convenience of the high street on your doorstep.


Images on this web page are computer-generated and for guidance only. They may not be representative of exact plots at Daedalus Village.
*Affordability and eligibility criteria apply. All figures are illustrative based upon buying a minimum share. Purchase share values will be determined based upon applicant’s individual financial circumstances, in line with Homes England guidelines. Applicants will be referred to a nominated mortgage advisor for a financial assessment and will be expected to maximise the percentage of share they purchase.

*Dates are subject to change.


Local area information

Excitement around every corner

A popular destination for water sports enthusiasts and holidaymakers, Lee-on-the-Solent is well known for its uninterrupted coastline and friendly community. The lively shopping parade is just a short walk away from Daedalus Village, with a varied selection of independent shops, a local butcher, a bakery and boutiques adding to the character of this charming seaside town.

With a selection of fantastic places to eat, including Leon’s, The Bistro on the Waterfront, The Bun Penny and The Osborne View, which offers stunning views from the pub’s raised deck and outdoor bar. For takeaway drinks and snacks The Shack or Smart Fish Bar are just the ticket.

Adventure right on your doorstep

With direct links to nearby Gosport and Fareham, you’re only ever a short drive away from a huge variety of high street shops and big name restaurants. Gosport also benefits from convenient facilities such as gyms and outdoor recreation grounds, offering various classes and activities.

Just 20 minutes’ drive from Portsmouth’s vibrant city centre, you’ll find lots of recreational opportunities. Gunwharf Quays is not one to miss, located next to the historic dockyard, providing an exciting backdrop with Portsmouth’s maritime past. Gunwharf Quays also offers a selection of waterfront bars and restaurants to suit all tastes, as well as a cinema and lively night scene.


Plot availability

Plot number 83*, 86, 89
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 30%
Minimum share price £54,000
Full market price £180,000
Monthly rent £289
Monthly service charge £100
Ownership Leasehold
  • Fitted kitchen with oven, hob and hood
  • Open-plan living area
  • White sanitaryware to bathroom
  • Allocated parking
Plot number 179, 182
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 40%
Minimum share price £72,000
Full market price £180,000
Monthly rent £248
Monthly service charge £94
Ownership Leasehold
  • Fitted kitchen with oven, hob and hood
  • White sanitaryware to bathroom
  • Open-plan living area
  • Allocated parking
Plot number 85
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 30%
Minimum share price £61,500
Full market price £205,000
Monthly rent £329
Monthly service charge £109
Ownership Leasehold
  • Fitted kitchen with oven, hob and hood
  • White sanitaryware to bathroom
  • Open-plan living area
  • Allocated parking
Plot number 84, 87
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 40%
Minimum share price £82,000
Full market price £205,000
Monthly rent £282
Monthly service charge £111
Ownership Leasehold
  • Fitted kitchen with oven, hob and hood
  • Allocated parking
  • White sanitaryware to bathroom
  • Open-plan living area
Plot number 88
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 40%
Minimum share price £86,000
Full market price £215,000
Monthly rent £296
Monthly service charge £115
Ownership Leasehold
  • Fitted kitchen with oven, hob and hood
  • White sanitaryware to bathroom
  • Open-plan living area
  • Allocated parking

FAQ's

Min share price from: £54,000 for a 30% share
Full price from: £180,000
Minimum deposit from: £2,700
Monthly rent from: £289
Bedrooms: 1
Bathrooms: 1

There are 5 available ranging from £54,000 for a 30% share to £86,000 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

Radian
Shared ownership

Starting prices

30% share from
£54,000
Full price
£180,000
Minimum deposit
£2,700
Monthly rent
£248
Monthly service charge
£94