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)

Hyde New Homes at Shopwyke Lakes, 3 bed homes


Shopwyke Road, Chichester, Chichester, PO20 2EP

Shared ownership

Starting prices

25% share from
£47,500
Full price
£190,000
Minimum deposit
£2,375
Monthly rent
£327
Monthly service charge
£130

Overview

 Virtual tours and reservations are now available at Shopwyke Lakes. Benefit from: ready to move in, allocated parking, lakeside living, fitted wardrobe to master bedroom, quality flooring and white goods included. 

 Description:      

£1,000 contribution towards creating your own home office or re-decorating your outdoor space*

 Virtual tour available

 Brand new lakeside homes with some homes benefitting of the surrounding lakes

 Ready to move in 

 Fitted wardrobe to master bedroom

 Quality flooring worth up to £5,000 included

 High specification and appliances included

 Outdoor space to selected homes 

 Allocated parking 

 Visitor parking available

  *T&Cs apply. Reservations must be made by the 20th August

 

 

  

 


Local area information

A wide range of high street stores, boutiques, restaurants, bars and leisure facilities are close at hand. Nestled between the South Downs National Park to the north and the award winning beaches of the south coast, there are endless opportunities to take advantage of and enjoy the great outdoors

The A 27 connects you quickly to Brighton, Portsmouth, Southampton and the New Forest, as well as to London via the A3(M).

There is also rail connections from Chichester station with services to London Victoria and London Waterloo in around 1 hour 30 minutes and 1 hour 45 minutes respectively, as well as regular trains to Brighton, Portsmouth and Southampton.

Local schools have an excellent standard of education provided by both state and private schools, including the Prebendal School, Westbourne House School, Bishop Luffa School, Chichester High School for Girls and Chichester High School for Boys, together with the outstanding Chichester College and University.


Plot availability

Plot number 166
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 25%
Minimum share price £47,500
Full market price £190,000
Monthly rent £327
Monthly service charge £130
Ownership Leasehold
Plot number 185
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 25%
Minimum share price £56,875
Full market price £227,500
Monthly rent £391
Monthly service charge £130
Ownership Leasehold
Plot number 187
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 25%
Minimum share price £67,500
Full market price £270,000
Monthly rent £464
Monthly service charge £130
Ownership Leasehold

FAQ's

Min share price from: £47,500 for a 25% share
Full price from: £190,000
Minimum deposit from: £2,375
Monthly rent from: £327
Bedrooms: 1
Bathrooms: 1

There are 3 available ranging from £47,500 for a 25% share to £67,500 for a 25% 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

Hyde New Homes
Shared ownership

Starting prices

25% share from
£47,500
Full price
£190,000
Minimum deposit
£2,375
Monthly rent
£327
Monthly service charge
£130