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)

Highflyer Gardens, 3-4 bed homes


King's Meadow, Kings Avenue, Ely, East Cambridgeshire, CB7 4QW

Videos, 3D tours


Shared ownership

Starting prices

35% share from
£119,000
Full price
£340,000
Minimum deposit
£5,950
Monthly rent
£506
Monthly service charge
£60

Overview

Get moving with our incentives!

If moving home is still in your plan for 2020 we’ll do all we can to make it happen. Reserve your home by the end of October 2020 and Clarion Housing will pay the rental share and service charge on your new home at Highflyer Gardens for the first 10 months* saving you up to £6,241.49^! We’ve also reduced our reservation deposit from £500 to just £125*!

Don’t miss out on this limited-time offer - talk to us today.

*Please speak to Clarion Housing’s sales team about full Terms & Conditions that apply. Offer ends 31st October 2020. 

^Applicable to 22 Red Admiral Street

 

About Highflyer Gardens

Introducing a charming collection of three and four bedroom townhouses available for Shared Ownership at this brand new development on the edge of Ely.

The wider King’s Meadow development is a peaceful new family neighbourhood surrounded by stunning views across the Fens, located just five minutes drive from the centre of the beautiful cathedral city of Ely.

The lively historic centre is home to the beautiful gothic Ely Cathedral as well as an excellent range of shops, restaurants and leisure facilities nearby including Waitrose and Sainsbury’s supermarkets and a multi-screen Cineworld cinema.

Ely benefits from excellent road and rail connections to Cambridge and London beyond, with Ely Station located three miles from the development, transporting you to nearby Cambridge in just 15 minutes, Peterborough in 35 minutes and London Kings Cross in around an hour and a quarter, with regular direct trains to all three destinations.

- Three and four bedroom townhouses with parking
- Private gardens to every home
- Desirable new development built by Redrow Homes
- Close to Ely and nearby Waitrose and Sainsbury’s supermarkets
- 18 miles from Cambridge City Centre

To register your interest or for any other enquiries please contact the Customer Service Team – Sales 

Please note:

Images displayed may be examples of previous Clarion Housing developments that will not always be indicative of the specification at this development and may not correspond exactly to the available properties described.


Local area information

The wider King’s Meadow development is a peaceful new family neighbourhood surrounded by stunning views across the Fens, located just five minutes drive from the centre of the beautiful cathedral city of Ely.


Plot availability

Plot number 151
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 35%
Minimum share price £122,500
Full market price £350,000
Monthly rent £521
Monthly service charge £60
Ownership Leasehold
Plot number 152
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 35%
Minimum share price £122,500
Full market price £350,000
Monthly rent £521
Monthly service charge £60
Ownership Leasehold
Plot number 163
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 35%
Minimum share price £136,500
Full market price £390,000
Monthly rent £581
Monthly service charge £60
Ownership Leasehold
Plot number 162
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 35%
Minimum share price £119,000
Full market price £3,400,000
Monthly rent £506
Monthly service charge £60
Ownership Leasehold

FAQ's

Min share price from: £122,500 for a 35% share
Full price from: £350,000
Minimum deposit from: £5,950
Monthly rent from: £521
Bedrooms: 3
Bathrooms: 1

There are 4 available ranging from £122,500 for a 35% share to £119,000 for a 35% 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

35% share from
£119,000
Full price
£340,000
Minimum deposit
£5,950
Monthly rent
£506
Monthly service charge
£60