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)

Highgrove Park, 3 bed homes


Highgrove Park, Ormskirk, Birmingham City, L40 7SW

Shared ownership

Starting prices

50% share from
£100,998
Full price
£201,995

Overview

Ormskirk is a bustling market town in Lancashire, offering leafy, rural living with modern life necessities close at hand. Here you'll find Highgrove Park, a development of new homes including 2, 3 & 4 bedroom homes, from bungalows and starter homes to homes for growing families. 

At Highgrove Park we've combined a stunning collection of new homes with green open spaces and cycle ways for everyone to enjoy.


Plot availability

Plot number Gosford
Tenure Shared ownership
Availability Available
Bathrooms 2
Minimum share 50%
Minimum share price £108,500
Full market price £217,000
Ownership Leasehold

The Gosford is a delightful 3 bedroom home, providing everything you need for modern living and more. The ground floor is home to the open plan kitchen/dining area, which features French doors to the rear garden – flooding the space with natural light and perfect for bringing the outside in. The spacious living room is perfect for day to day living or relaxing and touches of convenience come in the form of a handy downstairs cloakroom and storage cupboard.

Upstairs you'll find the three bedrooms, two of which are doubles, with the master bedroom benefitting from its own en suite shower room. The family bathroom serves the other two bedrooms. 

  • Living room
  • Kitchen/dining area with French doors to rear garden
  • Downstairs cloakroom
  • Master bedroom with en suite shower room
  • 2 further bedrooms

Service charge outlined on this portal is heylo’s admin and building insurance fee. Estate and Service charge fees (if applicable) are available from the sales team on site.

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

**Prices vary across plots please speak to a sales advisor for more information**


FAQ's

Min share price from: £108,500 for a 50% share
Full price from: £217,000
Bedrooms: 3
Bathrooms: 2

There is only one available priced at £108,500 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
£100,998
Full price
£201,995