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%.

Elegance


Bracken Hill, Pontefract, Wakefield City, WF7 7BE

Shared ownership
3-4 bedroom homes
50% share from
£100,000
Full price
£200,000
Minimum deposit
£5,000
Monthly rent
£229

Overview

Elegance is a collection of three bedroom townhouses to four bedroom family detached homes for sale in Ackworth. The development is positioned in the historic village of Ackworth, a picturesque spot surrounded by Yorkshire countryside located 8 miles away from the thriving city of Wakefield. 


Local area information

The development is positioned in the historic village of Ackworth, a picturesque spot surrounded by Yorkshire countryside located 8 miles away from the thriving city of Wakefield. 


Plot availability

Plot number Rosas
Tenure Shared ownership
Availability Available
Bathrooms 2
Minimum share 25%
Minimum share price £50,000
Full market price £200,000
Ownership Leasehold

The lounge in the Rosas has full length french doors which open onto the back garden. There is a separate fitted kitchen and dining area.

The gound floor also has a cloakroom and storage cupboard.

The first floor has two double bedrooms and a single bedroom, alongside a bathroom with Villeroy & Boch suite.

A staircase leads to the impressive master bedroom on the second floor, where there's a high sloping ceiling, skylight and dormer window. It's private ensuite comes complete with a corner shower.

The Rosas has its own driveway.

50% shares from £100,000

 

 *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**

Plot number Geneva
Tenure Shared ownership
Availability Available
Bathrooms 2
Minimum share 25%
Minimum share price £51,250
Full market price £205,000
Ownership Leasehold

The Geneva is a three bedroom home, designed over three floors, with open-plan living space and luxurious master bedroom occupying the entire second floor. 

The ground floor living, dining and kitchen area has the feeling of space and light with large French doors leading onto the back garden.There is a downstairs cloakroom and storage under the stairs.  

The first floor provides two generously sized double bedrooms and a family bathroom with Villeroy & Boch suite. There is an airing cupboard for extra storage.
 
The master suite has an open stairwell, large dormer window and high sloping ceiling. The ensuite incorporates a skylight and corner shower.

Geneva has its own allocated parking space or driveway.

50% shares from £100,000

 

 *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: £50,000 for a 25% share
Full price from: £200,000
Minimum deposit from: £5,000
Bedrooms: 4
Bathrooms: 2

There are 2 available ranging from £50,000 for a 25% share to £51,250 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.

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
3-4 bedroom homes
50% share from
£100,000
Full price
£200,000
Minimum deposit
£5,000
Monthly rent
£229