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)

Half Penny Meadows, 3 bed homes


Brownhill Grove, Clitheroe, Ribble Valley, BB7 1AA

Shared ownership

Starting prices

25% share from
£46,250
Full price
£185,000
Minimum deposit
£2,312
Monthly rent
£318
Monthly service charge
£45

Overview

Located in the heart of the Ribble Valley, with a stunning view of Pendle Hill, Half Penny Meadows is a beautiful development offering a selection of 3 bedroom homes.The homes include a large living room opening out onto the rear garden through French doors and spacious dining kitchen with fabulous fitted units.The development is located close to the superb amenities and local schools that Clitheroe offers – and with excellent commuter links.

To reserve the 2 Bedroom Bungalows at this development, the Purchasers of these homes have to be 55 or over.

Prices on this development start from 25% equity share.You will need a minimum 5% deposit (of the share value) for mortgage purposes, plus monies to pay for solicitor fees, moving costs & furnishings. 


Local area information

Half Penny Meadows is situated on Taylor Wimpey's new build development located in Clitheroe. 

The development is located close to the superb amenities and local schools that Clitheroe offers – and with excellent commuter links.


Plot availability

Plot number 41
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 25%
Minimum share price £48,750
Full market price £195,000
Monthly rent £335
Monthly service charge £47
Ownership Leasehold

Located in the heart of the Ribble Valley, with a stunning view of Pendle Hill, Half Penny Meadows is a beautiful development offering a selection of 2 & 3 bedroom homes.

The home has ample space, with an integrated oven, hob and hood in the kitchen. In the lounge there are French doors leading to the enclosed rear garden with paved patio. Upstairs there are three generous sized bedrooms with a family bathroom. Finally, to the front of the property there is allocated parking for two vehicles.

The development is located close to the superb amenities and local schools that Clitheroe offers – and with excellent commuter links.

Prices on this development start from 25% equity share.

You will need a minimum 5% deposit (of the share value) for mortgage purposes, plus monies to pay for solicitor fees, moving costs & furnishings.

Plot number 81
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 40%
Minimum share price £90,000
Full market price £225,000
Monthly rent £309
Monthly service charge £47
Ownership Leasehold
  • Dining kitchen with a great range of fitted units and integrated units

  • 3 bedrooms 

  • Modern three piece bathroom suite

  • Rear garden

  • Off road parking 

Energy Efficiency Rating
Predicted
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
85
Not energy efficient - higher running costs
Environmental Impact (CO2) Rating
Predicted
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
88
Not environmental friendly - higher CO2 emissions

FAQ's

Min share price from: £48,750 for a 25% share
Full price from: £195,000
Minimum deposit from: £2,312
Monthly rent from: £335
Bedrooms: 3
Bathrooms: 1

There are 2 available ranging from £48,750 for a 25% share to £90,000 for a 40% 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

Sage Housing
Shared ownership

Starting prices

25% share from
£46,250
Full price
£185,000
Minimum deposit
£2,312
Monthly rent
£318
Monthly service charge
£45