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)

Fallows Heath, 3-4 bed homes


Milestone Way, Burntwood, Lichfield, WS7 3XD

Shared ownership

Starting prices

50% share from
£117,725
Full price
£235,450
Minimum deposit
£5,886
Monthly rent
£270

Overview

Fallows Heath, Burntwood, is made up of 3 & 4 bedroom homes now available through part buy-part rent.  


Local area information

A collection of 3 and 4 bedroom new homes on the edge of the beautiful 900-acre Chasewater Country Park, in the charming former mining town of Burntwood.

Home to centuries of history and the beautiful Staffordshire countryside nearby, including picturesque Natural Beauty of Cannock Chase.

With bustling Cannock town to the west and the historic city of Lichfield to the east, Burntwood is ideally located to enjoy everything the area has to offer.

*Images are for illustrative purposes only. Please speak to Sales Adviser for full details*


Plot availability

Plot number Flatford
Tenure Shared ownership
Availability Available
Bathrooms 2
Minimum share 50%
Minimum share price £119,975
Full market price £239,950
Monthly rent £275
Ownership Leasehold

With a versatile layout, the 3 bedroom Flatford is suited to couples and families alike.

The lounge/diner has French doors out to the garden, while the kitchen has plenty of space for relaxed mealtimes. A guest cloakroom is also located off the entrance lobby.

Upstairs, the landing leads to the en suite master bedroom, along with a well proportioned guest bedroom, a main bathroom and a further bedroom.

 

*Images are for illustrative purposes only. Please speak to Sales Adviser for full details*

 

  • Open plan living/dining area with doors onto the garden
  • Separate kitchen area
  • Downstairs cloakroom
  • Ensuite to the master
  • Combination / Condensing gas boiler & heating system to radiators
  • Symphony fitted kitchen
  • Zanussi "A Rated" electric stainless steel oven/4 burner stainless steel gas hob
  • Integrated stainless steel chimney with filter
  • Stainless steel splash back
  • Twyfords white "E100" bathroom suite
Plot number Alton
Tenure Shared ownership
Availability Available
Bathrooms 2
Minimum share 50%
Minimum share price £124,475
Full market price £248,950
Ownership Leasehold

The Alton is a three bedroom townhouse designed to have the flexibility to appeal to both the young professional and growing family.

Downstairs, an open plan kitchen/diner follows through to a light and airy lounge with French doors to the garden, there is also a guest cloakroom.

 

On the first floor, a spacious double bedroom can be found along with a bathroom and further bedroom. The second floor master suite features high galleried ceilings and en suite shower room.

 

*Images are for illustrative purposes only. Please speak to Sales Adviser for full details*

 

  • Open plan kitchen/diner
  • Separate living area with french doors onto the rear garden
  • Downstairs cloakroom
  • Ensuite to the master
  • Combination / Condensing gas boiler & heating system to radiators
  • Symphony fitted kitchen
  • Zanussi "A Rated" electric stainless steel oven
  • Integrated stainless steel chimney with filter
  • Zanussi 4 burner stainless steel gas hob
  • Stainless steel splash back
  • Twyfords white "E100" bathroom suite
Plot number Monkford
Tenure Shared ownership
Availability Available
Bathrooms 2
Minimum share 50%
Minimum share price £150,750
Full market price £301,500
Ownership Leasehold

The Monkford is a spacious four bedroom home ideally suited to growing families or professional couples.

The entrance hallway leads to a spacious kitchen/diner, a guest cloakroom, and a light and airy lounge with French doors to the garden.

On the first floor is an en suite master bedroom, two double bedrooms, a bathroom, and a fourth bedroom which could be used as a study or nursery.

 

*Images are for illustrative purposes only. Please speak to Sales Adviser for full details*

 

  • Open plan kitchen/diner
  • Separate living area with french doors onto the rear garden
  • Downstairs cloakroom
  • Ensuite to the master
  • Combination / Condensing gas boiler & heating system to radiators
  • Symphony fitted kitchen
  • Zanussi "A Rated" electric stainless steel oven/4 burner stainless steel gas hob
  • Integrated stainless steel chimney with filter
  • Stainless steel splash back
  • Twyfords white "E100" bathroom suite

FAQ's

Min share price from: £119,975 for a 50% share
Full price from: £239,950
Minimum deposit from: £5,886
Monthly rent from: £275
Bedrooms: 3
Bathrooms: 2

There are 3 available ranging from £119,975 for a 50% share to £150,750 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
£117,725
Full price
£235,450
Minimum deposit
£5,886
Monthly rent
£270