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%.

North Farm


Blyth, East Riding of Yorkshire, NE24 3PW

Shared ownership
2-4 bedroom homes
50% share from
£91,750
Full price
£183,500

Overview

Situated in Blyth, Northumberland, close to the A19 and A1, and less than 13 miles from the centre of Newcastle, these beautiful homes are ideal for young professionals and growing families. The town itself is home to a popular indoor shopping centre and a variety of markets, three days a week. Living at North Farm will mean you are just a short walk from the popular South Beach, with its beautiful stretch of golden sand and idyllic views. 

North Farm is also close to the popular seaside town of Whitley Bay and, with a vast number of other coastal / rural walks and attractions offered in Northumberland, those searching for property for sale in Blyth will find there is much to this part of the North East to be discovered by all the family.


Plot availability

Plot number Sheringham 3 bed
Tenure Shared ownership
Availability Available
Bathrooms 2
Minimum share 25%
Minimum share price £43,750
Full market price £175,000
Ownership Leasehold

The Sheringham is an ideal first home with an open-plan kitchen/dining area and a spacious living room which features glazed doors to the garden. The first floor has an en suite bedroom and a second double, along with a single room and family bathroom.

  • 10 year Buildmark warranty
  • Allocated parking spaces
  • Downstairs cloakroom/wc
  • Ensuite to master bedroom
  • Open plan kitchen and dining
  • White sanitaryware with chrome finish taps
  • Stainless steel single  oven included

50% ownership from £91,750

 

 *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: £43,750 for a 25% share
Full price from: £175,000
Bedrooms: 3
Bathrooms: 2

There is only one available priced at £43,750 for a 25% 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
2-4 bedroom homes
50% share from
£91,750
Full price
£183,500