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%.
Located in Bursledon, Hampshire, Kingfisher Grange is a development of new homes available for Shared Ownership in Southampton. Ideal for first-time buyers and families alike.
Amenities near by:
- Local Tesco supermarket close by
- Bursledon Junior School a short distance away
- Southampton just over 5 miles away
Local area information
Where is Kingfisher Grange?
Kingfisher Grange can be found in the thriving community of Bursledon, near Southampton. This fantastic village has plenty to offer; whether you are a first time buyer, a growing family in search of more room, Kingfisher Grange could be the perfect place to call home. There are good schools within the area providing schooling for all ages and there are plenty of shops, supermarkets, banks, restaurants and pubs nearby. Bursledon Railway Station provides regular trains into London. Southampton Airport is 7 miles away, and cross-channel ferries from Portsmouth are 14 miles away making it the perfect location for commuters.
Interested in something to do?
When you want to go further afield, Southampton is just over 5 miles away, offering shopping on a larger scale. Bursledon has a great choice of local shops and services for everyday needs whilst larger Whiteley Village and Hedge End are nearby. Make the most of living so close to the river and take a stroll along the banks of the River Hamble or why not get out on the water and take part in the vast range of water sports available! Alternatively you could take a trip to the restored 5-storey Georgian Bursledon Windmill or learn about brickmaking at the Bursledon Brickworks Industrial Museum. Fancy a day out with the children? Then Marwell Zoological Park and Manor Farm Country Park are also nearby and will sure to be a great hit with the family!
Min share price from: £60,000 for a 25% share
Full price from: £240,000
Minimum deposit from: £3,000
Monthly rent from: £413
There is only one available priced at £60,000 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.