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)

Morley Carr Farm, 3 bed homes


Morley Carr Farm, Yarm, Stockton-on-Tees, TS15 9EG

Shared ownership

Starting prices

50% share from
£94,975
Full price
£189,950
Minimum deposit
£4,749
Monthly rent
£218

Overview

Morley Carr Farm, Yarm is made up of 3 bedroom houses now available on part buy - part rent. 


Local area information

Found in the historic market town of Yarm, Morley Carr Farm offers an outstanding range of homes in a great choice of designs, tailored to suit any taste.

Located just minutes from the centre of Yarm, Morley Carr Farm provides the perfect location for your new home. The high street continues to be the thriving hub of the town and provides a superb choice of well-known shops, as well as independent stores, tea rooms, cafés, butchers, bakers and more. For evenings out there is also a great choice of restaurants and bars to enjoy with friends and family.


Plot availability

Plot number The Gosford
Tenure Shared ownership
Availability Available
Bathrooms 2
Minimum share 50%
Minimum share price £94,975
Full market price £189,950
Ownership Leasehold

The 3 bedroom Gosford will appeal to both first-time buyers and families looking for a little extra space.

 

A large kitchen/dining room opens through French doors to the private rear garden, making it perfect for entertaining and al fresco dining. A good-sized lounge, a guest cloakroom and a store cupboard complete the ground floor layout. The first floor comprises the en-suite master bedroom, a main bathroom, a further double bedroom and a bedroom which could also provide a dedicated workspace or playroom.

  • Fitted kitchen and dining area
  • French doors leading to rear garden
  • Living room
  • Master bedroom with en-suite
  • A further 2 bedrooms
  • Family bathroom
  • Guest cloakroom
  • Stainless steel splashback to rear of hob/stainless steel sink and drainer with chrome finish mixer tap
  • Stainless steel integrated extractor hood
  • Siren alert smoke detectors fitted (mains electric with battery back up)

Service charge outlined on this portal is heylo’s admin and building insurance fee. Estate and Service charge fees (if applicable) are available from the sales team on site. 

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

**Prices vary across plots please speak to a sales advisor for more information** 

Plot number Bradenham
Tenure Shared ownership
Availability Available
Bathrooms 2
Minimum share 50%
Minimum share price £132,975
Full market price £265,950
Ownership Leasehold

The Bradenham is a four bedroom property which is ideal for modern family life.

 

The entrance hallway leads to a spacious living room and a fitted kitchen with breakfast area, both of which open through French doors to the rear garden. There is also a separate dining room. 

 

Upstairs, the master bedroom features an en-suite shower room and there are three further bedrooms as well as a family bathroom.

  • Fitted kitchen with breakfast area and french doors onto the rear garden
  • Separate dining area
  • Separate living area with french doors onto the rear garden
  • Ensuite to the master
  • Stainless steel splashback to rear of hob/stainless steel sink and drainer with chrome finish mixer tap
  • Stainless steel integrated extractor hood
  • Siren alert smoke detectors fitted (mains electric with battery back up)

Service charge outlined on this portal is heylo’s admin and building insurance fee. Estate and Service charge fees (if applicable) are available from the sales team on site. 

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

**Prices vary across plots please speak to a sales advisor for more information** 


FAQ's

Min share price from: £94,975 for a 50% share
Full price from: £189,950
Minimum deposit from: £4,749
Bedrooms: 3
Bathrooms: 2

There are 2 available ranging from £94,975 for a 50% share to £132,975 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
£94,975
Full price
£189,950
Minimum deposit
£4,749
Monthly rent
£218