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%.

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Kings Gate, 3-4 bed homes


Kings Gate, Kingsteignton, Teignbridge, TQ12 3BA

Shared ownership

Starting prices

50% share from
£105,300
Full price
£210,600
Minimum deposit
£5,265
Monthly rent
£241

Overview

Kings Gate , Kingsteignto is made up of 3 and 4 bedroom houses now available on part buy - part rent. 


Local area information

Kings Gate is a stunning new development of 2, 3 and 4 bedroom homes, perfectly situated off Teignmouth Road in Kingsteignton. Conveniently situated for local shops, facilities and amenities, Kings Gate is within easy reach of Newton Abbot, Teignmouth and Exeter, well placed for excellent road links and wonderfully close to open countryside and the coast.
Formerly England’s largest village, Kingsteignton’s status changed to that of a town in 2009 and today offers an array of shops, sports and leisure facilities, clubs, pubs and healthcare provision. The town also provides nursery and primary schools, plus a secondary school, while the local area offers a further choice in both state and private education.
Although close to Newton Abbot, Kingsteignton takes pride in being a separate entity. It is this ‘village within a town’ combined with the beauty of the local countryside, that makes Kings Gate the perfect place to make your home.
*Images are for illustrative purposes only. Please speak to Sales Adviser for full details*


Plot availability

Plot number Hawford - 4 bed
Tenure Shared ownership
Availability Available
Bathrooms 2
Minimum share 50%
Minimum share price £151,200
Full market price £302,400
Ownership Leasehold

The Hawford is a splendid home, featuring a lower ground floor living room and storage facility, plus ground floor garage, kitchen/dining area, cloakroom and bedroom. On the first floor, bedroom 1 has an ensuite, while there are 2 further bedrooms and a family bathroom.

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

4-bedroom house,

3 floors,

Open plan kitchen/dining area,

Large storage space,

En-suite from master bedroom,

Garage


FAQ's

Min share price from: £151,200 for a 50% share
Full price from: £302,400
Minimum deposit from: £5,265
Bedrooms: 4
Bathrooms: 2

There is only one available priced at £151,200 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
£105,300
Full price
£210,600
Minimum deposit
£5,265
Monthly rent
£241