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%.

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Finches Park, 3-4 bed homes


Finches Park, Frinton-on-Sea, Tendring, CO13 0LR

Shared ownership

Starting prices

50% share from
£124,500
Full price
£249,000
Minimum deposit
£6,225
Monthly rent
£285

Overview

Finches Park, Frinton-on-Sea is made up of 3 and 4 bedroom houses now available on part buy - part rent in Essex


Local area information

Finches Park is an exciting development of 3 and 4 bedroom brand new houses for sale in Frinton-on-Sea, with high specifications throughout and built to the standards you would expect from a housebuilder like Linden Homes. Choosing to live at Finches Park will offer everything you could want and more. Located just walking distance from the centre of Kirby Cross, you couldn’t be better placed to enjoy the best of modern living, with a convenience store, pharmacy, takeaway restaurants and an Ofsted rated primary school. With good transport links by both road and rail right on your doorstep, and Frinton Beach just a short distance away, this upcoming development really does have it all.

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


Plot availability

Plot number Hardwick - 2 bed
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 50%
Minimum share price £117,498
Full market price £234,995
Ownership Leasehold

The Hardwick is a contemporary 2 bedroom home at Finches Park comprising an open plan kitchen/dining room with access to the garden, separate living room and cloakroom on the ground floor. On the first floor you'll find 2 double bedrooms with an ensuite to the master bedroom and an additional bathroom.

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

Downstairs cloakroom,

Ensuite to master bedroom,

Open plan kitchen/diner,

Stainless steel oven/hob/hood,

White sanitaryware with chrome finish taps,

Rear garden,

Separate living area,

Fitted kitchen


FAQ's

Min share price from: £117,498 for a 50% share
Full price from: £234,995
Minimum deposit from: £6,225
Bedrooms: 2
Bathrooms: 1

There is only one available priced at £117,498 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
£124,500
Full price
£249,000
Minimum deposit
£6,225
Monthly rent
£285