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)

Laithwaite Gardens , 2-3 bed homes


Stimpson Street, Ely, Cambridgeshire, CB6 2PZ

Shared ownership

Starting prices

40% share from
£96,000
Full price
£240,000
Minimum deposit
£4,800
Monthly rent
£400

Overview

Two & three bedroom semi-detached houses for sale with Shared Ownership on the new build Vistry Homes development, Laithwaite Gardens set in the village of Sutton in Ely, Cambridgeshire. The development is approximately half a mile from the village centre with its primary school, pub, listed church and post office. Nearby Ely offers a range of leisure, health, schooling and shopping facilities and the well served city of Cambridge is only 20 miles away.

Prices on this development start from 40% equity share. You will need a minimum 5% deposit (of the share value) for mortgage purposes, plus monies to pay for solicitor fees, moving costs & furnishings.


Local area information

Two & three bedroom semi-detached houses for sale with Shared Ownership on the new build Vistry Homes development, Laithwaite Gardens set in the village of Sutton in Ely, Cambridgeshire. The development is approximately half a mile from the village centre with its primary school, pub, listed church and post office. Nearby Ely offers a range of leisure, health, schooling and shopping facilities and the well served city of Cambridge is only 20 miles away.

Prices on this development start from 40% equity share. You will need a minimum 5% deposit (of the share value) for mortgage purposes, plus monies to pay for solicitor fees, moving costs & furnishings.


Plot availability

Plot number 12
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 40%
Minimum share price £96,000
Full market price £240,000
Monthly rent £400
Ownership Leasehold

• Semi-detached house available
• 2 good sized bedrooms and family  bathroom
• Kitchen Integrated Appliances
• Garden
• Allocated Parking

Energy Efficiency Rating
Predicted
Very energy efficient - lower running costs
(92-100) A
(81-91) B
(69-80) C
(55-68) D
(39-54) E
(21-38) F
(1-20) G
83
Not energy efficient - higher running costs
Environmental Impact (CO2) Rating
Predicted
Very environmental friendly - lower CO2 emissions
(92-100) A
(81-91) B
(69-80) C
(55-68) D
(39-54) E
(21-38) F
(1-20) G
85
Not environmental friendly - higher CO2 emissions
Plot number 6
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 40%
Minimum share price £105,000
Full market price £262,500
Monthly rent £438
Ownership Leasehold

• Semi-detached houses available
• 3 good sized bedrooms and family bathroom
• Kitchen Integrated appliances
• Garden
• Allocated Parking

Energy Efficiency Rating
Predicted
Very energy efficient - lower running costs
(92-100) A
(81-91) B
(69-80) C
(55-68) D
(39-54) E
(21-38) F
(1-20) G
84
Not energy efficient - higher running costs
Environmental Impact (CO2) Rating
Predicted
Very environmental friendly - lower CO2 emissions
(92-100) A
(81-91) B
(69-80) C
(55-68) D
(39-54) E
(21-38) F
(1-20) G
83
Not environmental friendly - higher CO2 emissions
Plot number 13
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 40%
Minimum share price £105,000
Full market price £262,500
Monthly rent £438
Ownership Leasehold

• Semi-detached houses available
• 3 good sized bedrooms and family bathroom
• Kitchen Integrated appliances
• Garden
• Allocated Parking

Energy Efficiency Rating
Predicted
Very energy efficient - lower running costs
(92-100) A
(81-91) B
(69-80) C
(55-68) D
(39-54) E
(21-38) F
(1-20) G
84
Not energy efficient - higher running costs
Environmental Impact (CO2) Rating
Predicted
Very environmental friendly - lower CO2 emissions
(92-100) A
(81-91) B
(69-80) C
(55-68) D
(39-54) E
(21-38) F
(1-20) G
85
Not environmental friendly - higher CO2 emissions

FAQ's

Min share price from: £96,000 for a 40% share
Full price from: £240,000
Minimum deposit from: £4,800
Monthly rent from: £400
Bedrooms: 2
Bathrooms: 1

There are 3 available ranging from £96,000 for a 40% share to £105,000 for a 40% 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

Sage Housing
Shared ownership

Starting prices

40% share from
£96,000
Full price
£240,000
Minimum deposit
£4,800
Monthly rent
£400