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)

Gillams Close, 2 bed homes


Gillmas Close, Watchet, Somerset West and Taunton, TA23 0BU

Shared ownership

Starting prices

50% share from
£67,500
Full price
£135,000
Minimum deposit
£3,375
Monthly rent
£177
Monthly service charge
£73

Overview

•2 bedrooms
•Living/dining room
•Kitchen
•Double glazing 
•Allocated parking


Local area information

A spacious two bedroom purpose built apartment situated within the popular historic harbour town of Watchet. The property benefits from a spacious kitchen and modern bathroom in addition to gas central heating, double glazed windows and allocated parking.


Housing Provider

Magna Housing
Shared ownership

Starting prices

50% share from
£67,500
Full price
£135,000
Minimum deposit
£3,375
Monthly rent
£177
Monthly service charge
£73