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)

Meadow View, 2 bed homes


Meadow View, Hassocks, Mid Sussex, BN6 9GB

Shared ownership

Starting prices

45% share from
£135,000
Full price
£300,000
Minimum deposit
£17,000
Monthly rent
£358
Monthly service charge
£94

Overview

Moat is pleased to bring to the market this two bedroom mid-terrace house, built circa 2007.

Ground floor: 
• Entrance hall with stairs to first floor 
• Living/dining room. With French doors onto patio 
• Fitted kitchen with a mix of base and wall units.  Integrated oven, hob and extractor hood.  Room for fridge/freezer, plumbed for washing machine 
• Cloakroom W/C 
First floor: 
• Landing with roof access 
• Two bedrooms  
• Fitted bathroom W/C with white suite. Overhead shower to bath with shower screen 
Outside: 
• Average size rear garden with lawn.  Wooden fence surround 
• Off road parking for one car 
Services: 
• Gas central heating to radiators
• Double glazed windows 
• Lease date: 125 years from 31 May 2007
• EPC rating: C (77)


Local area information

Situated in the village of Sayers Common, West Sussex. Hassocks railway station is less than four miles away with links to Brighton, Gatwick and Central London. Nearby Burgess Hill offers a good selection of shops, restaurants and leisure facilities. There are several primary and secondary schools in the local area including Albourne CofE Primary School and Patcham High School. The property is conveniently situated for access onto the A23 with links to the M23 and M25 London to Brighton.


Plot availability

Plot number 12
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 45%
Minimum share price £135,000
Full market price £300,000
Monthly rent £331
Monthly service charge £93

Ground floor:

  • Entrance hall with stairs to first floor
  • Living/dining room. With French doors onto patio
  • Fitted kitchen with a mix of base and wall units. Integrated oven, hob and extractor hood. Room for fridge/freezer, plumbed for washing machine
  • Cloakroom W/C

First floor:

  • Landing with roof access
  • Two bedrooms
  • Fitted bathroom W/C with white suite. Overhead shower to bath with shower screen

Outside:

  • Average size rear garden with patio to lawn. Wooden fence surround
  • Off road parking for one car

Services:

  • Gas central heating to radiators
  • Lease date: 125 years from 31 May 2007
  • EPC rating: B (81)

FAQ's

Min share price from: £135,000 for a 45% share
Full price from: £300,000
Minimum deposit from: £17,000
Monthly rent from: £331
Bedrooms: 2
Bathrooms: 1

There is only one available priced at £135,000 for a 45% 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.

Yes, but it all depends on your lease (your contract with the housing association) so check it thoroughly and ask questions before you buy.

Housing Provider

Moat
Shared ownership

Starting prices

45% share from
£135,000
Full price
£300,000
Minimum deposit
£17,000
Monthly rent
£358
Monthly service charge
£94