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)

Drift - Ground floor, 1 bed homes


Fishermans Beach, Hythe, Folkestone and Hythe, CT21 6FN

Shared ownership

Starting prices

50% share from
£100,000
Full price
£200,000
Minimum deposit
£5,000
Monthly rent
£256
Monthly service charge
£157

Overview

Entrance hall with laminate flooring 
Open Plan living room/kitchen fully fitted with integral appliances and laminate flooring
Master bedroom with fitted carpet
Bathroom/w.c with thermostatic shower over bath and shower screen
Allocated parking space to rear of block
Video entry system
Lift to all floors
Built on beach front 
Plot 3 (see floorplans)
Lease date: 125 years from 1st December 2015
EPC rating: B (81)
Council Tax banding C
Pets will not be permitted in apartments 


Local area information

Moat is pleased to offer this one-bedroom, ground floor apartment built around 2015.  

The property is situated on a broad bay just four miles from the channel tunnel. 

Folkestone West train station is less than 5 miles away, with connections to London Charring Cross and St Pancras.

Less than 4 miles from connections to Europe via the Euro Tunnel le shuttle Folkestone terminal.

Hythe is one of the original Cinque ports and is steeped in history.  Hythe Bay CofE Primary School is half a mile away.  

Hythe itself has a selection of shops, pubs and restaurants.  

The immediate area is residential, but a short walk will bring you to the Military Canal and recreational sports grounds, sailing club and pool.


Plot availability

Plot number 3
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 50%
Minimum share price £100,000
Full market price £200,000
Monthly rent £256
Monthly service charge £15,690
Ownership Leasehold

Moat is pleased to offer this one-bedroom, ground floor apartment built around 2015. 

The property is situated on a broad bay just four miles from the channel tunnel.

Folkestone West train station is less than 5 miles away, with connections to London Charring Cross and St Pancras.

Less than 4 miles from connections to Europe via the Euro Tunnel le shuttle Folkestone terminal.

Hythe is one of the original Cinque ports and is steeped in history.  Hythe Bay CofE Primary School is half a mile away. 

Hythe itself has a selection of shops, pubs and restaurants. 

The immediate area is residential, but a short walk will bring you to the Military Canal and recreational sports grounds, sailing club and pool.

  • Entrance hall with laminate flooring
  • Open Plan living room/kitchen fully fitted with integral appliances and laminate flooring
  • Master bedroom with fitted carpet
  • Bathroom/w.c with thermostatic shower over bath and shower screen
  • Allocated parking space to rear of block
  • Video entry system
  • Lift to all floors
  • Built on beach front
  • Plot 3 (see floorplans)
  • Lease date: 125 years from 1st December 2015
  • EPC rating: B (81)
  • Council Tax banding C

Pets will not be permitted in apartments

 

Energy Efficiency Rating
Current
Potential
Very energy efficient - lower running costs
(92-100) A
(81-91) B
(69-80) C
(55-68) D
(39-54) E
(21-38) F
(1-20) G
81
81
Not energy efficient - higher running costs
Environmental Impact (CO2) Rating
Current
Potential
Very environmental friendly - lower CO2 emissions
(92-100) A
(81-91) B
(69-80) C
(55-68) D
(39-54) E
(21-38) F
(1-20) G
85
85
Not environmental friendly - higher CO2 emissions

FAQ's

Min share price from: £100,000 for a 50% share
Full price from: £200,000
Minimum deposit from: £5,000
Monthly rent from: £256
Bedrooms: 1
Bathrooms: 1

There is only one available priced at £100,000 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.

No, 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

Moat
Shared ownership

Starting prices

50% share from
£100,000
Full price
£200,000
Minimum deposit
£5,000
Monthly rent
£256
Monthly service charge
£157