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)

Hazel Park, 1-4 bed homes


Allerthorp and Grant Road, Bishop's Stortford, East Hertfordshire, CM23 1FL

Videos, 3D tours


Shared ownership

Starting prices

40% share from
£126,000
Full price
£315,000
Minimum deposit
£6,300
Monthly rent
£433
Monthly service charge
£80

Overview

LAST REMAINING – two bedroom, first floor apartment

Reserve for just £125* – offer available until 31st October 2020

Reserve your dream home with Shared Ownership for less – simply contact Clarion Housing today and find out how easy it is.

*Fee reduced from £500. Offer available until 31st October 2020 and applies to all Shared Ownership purchases with Clarion Housing. If the property does not exchange within 42 days of the reservation fee being taken then the full £500 reservation fee will be required. Full T&Cs available on request.

 

About Hazel Park

Applications are welcome from anyone who is currently living and/or working in the East Hertfordshire District Council area with a combined income of below £80,000.

The community continues to grow at this established development, from the first phase at Hazel Bourne to this new release of homes – Hazel Park. There is a brand new family home waiting for you through the Shared Ownership scheme with Clarion Housing in this next phase of releases.

The newly-created Bat Will Hurst Country Park, with its own waterways and play areas, is close by. A variety of rail, road and air travel options are also on the doorstep.

The historic Market Town of Bishop’s Stortford, on the edge of the beautiful Hertfordshire countryside, is close to the M11 and also within easy reach of Stansted Airport.

- Near to Bishop's Stortford town centre and railway station
- Frequent and direct train services to London Liverpool Street and Stansted International Airport
- Easy access to the M11
- Dedicated parking spaces
- Hatfield Forest, owned by the National Trust, lies within the heart of the area - 1,000 acres of pasture and woodland

Please note: All property images displayed are examples of Clarion Housing developments and are not to be viewed as indicative of the specification at this development and may not correspond exactly to the available properties described. Prices are to be used as a guideline only as they are subject to change. Travel time sources: Nationalrail.co.uk, Google Maps, tfl.gov.uk and bustimes.org


Local area information

Bishop's Stortford is a historic market town in situated in rural Hertfordshire, on the border with the county of Essex.

It is a popular and bustling town and benefits from a good range of recreational facilities and amenities including a golf club, swimming pool, cinema, rugby, football and cricket clubs, theatre and restaurants and a good range of national high street stores and independent shops.

In addition, the historic National Trust owned Hatfield Forest lies within the heart of this area and offers 1,000 acres of pasture and woodland to explore.

For commuters, Bishop's Stortford station which provides frequent direct train services to London Liverpool Street and Stansted International Airport and the town is well connected to the national road network as there is easy access to the M11.


Plot availability

Plot number 106
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 40%
Minimum share price £126,000
Full market price £315,000
Monthly rent £433
Monthly service charge £80
Ownership Leasehold

FAQ's

Min share price from: £126,000 for a 40% share
Full price from: £315,000
Minimum deposit from: £6,300
Monthly rent from: £433
Bedrooms: 2
Bathrooms: 1

There is only one available priced at £126,000 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.

It all depends on your lease (your contract with the housing association) so check it thoroughly and ask questions before you buy.

Housing Provider

Clarion
Shared ownership

Starting prices

40% share from
£126,000
Full price
£315,000
Minimum deposit
£6,300
Monthly rent
£433
Monthly service charge
£80