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%.

Lakenheath Park


Aspal Lane, Beck Row, Mildenhall, West Suffolk, IP28 8BH

Shared ownership
3 bedroom homes
35% share from
£73,500
Full price
£210,000
Minimum deposit
£3,675
Monthly rent
£313
Monthly service charge
£40

Overview

Clarion will be offering a number of two, three and four bedroom homes for Shared Ownership in Mildenhall.

Mildenhall offers a good range of shopping, education and leisure services together with many local places of historical interest.

Larger more diverse facilities can be found at the nearby towns of Bury St Edmunds, Thetford and Newmarket. Mildenhall lies approximately two miles from the Five ways interchange on the A11 which gives easy access to Norwich and Cambridge. Other towns within travelling distance are Brandon to the North West and Bury St Edmunds to the south east via the A1101.

To register your interest or for any other enquiries please contact the Customer Service Team – Sales on:-

T: 0300 100 0309

Please note:

All images displayed throughout are examples of previous Clarion developments and are not indicative of the specification at this development and may not correspond exactly to the available properties described.

These prices are to be used as a guideline only as they may change.

  


Local area information

Mildenhall offers a good range of shopping, education and leisure services together with many local places of historical interest.


Plot availability

Plot number 73
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 35%
Minimum share price £73,500
Full market price £210,000
Monthly rent £313
Monthly service charge £40
Ownership Leasehold
Plot number 82
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 35%
Minimum share price £74,375
Full market price £212,500
Monthly rent £317
Monthly service charge £40
Ownership Leasehold
Plot number 76
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 35%
Minimum share price £77,875
Full market price £222,500
Monthly rent £331
Monthly service charge £40
Ownership Leasehold

FAQ's

Min share price from: £73,500 for a 35% share
Full price from: £210,000
Minimum deposit from: £3,675
Monthly rent from: £313
Bedrooms: 3
Bathrooms: 1

There are 6 available ranging from £73,500 for a 35% share to £77,875 for a 35% 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

Clarion
Shared ownership
3 bedroom homes
35% share from
£73,500
Full price
£210,000
Minimum deposit
£3,675
Monthly rent
£313
Monthly service charge
£40