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)

Orbit at Royal Parade, 2-3 bed homes


Littlebourne Road, Canterbury, Canterbury City, CT1 1RD

Shared ownership

Starting prices

35% share from
£92,750
Full price
£265,000
Minimum deposit
£4,638
Monthly rent
£395
Monthly service charge
£35

Overview

Viewings available every Friday and Saturday - check your eligibility to be contacted.

Orbit are proud to present Orbit at Royal Parade, providing a small collection of two and three bed homes in Canterbury, Kent.

This delightfully-appointed development of two and three bedroom homes are available at the former Howe Barracks site, just off Littlebourne Road and conveniently close to Canterbury’s historic city centre. The perfect place for families
to live and prosper. Canterbury city centre provides the best of both worlds, with a variety of high-street shops, cafés and restaurants set against the backdrop of its beautiful, historic attractions and buildings, plus excellent road and rail links to both Dover and London.


Local area information

From the moment you step through the front door, you’ll know that Royal Parade is somewhere you can feel right at home. Its bright, airy rooms are laid out to offer the optimum living space and are all finished to the highest possible standards. As with all Orbit homes, every new property comes complete with the very latest fixtures and fittings. And naturally, modern building standards are met throughout, providing the highest levels of energy efficiency.

Royal Parade has the dual benefits of being both a wellconnected location and a peaceful, relaxing place to retreat to after a hard day’s work. It’s a friendly, growing community, where you’re bound to find a warm welcome and make lasting friendships. And the buzzing city centre of Canterbury, notably wellchronicled by Geoffrey Chaucer, is only a stone’s throw away. Canterbury has a fascinating past, just waiting to be discovered. Explore its winding, cobbled streets and enjoy an abundance of historical attractions – including the world-famous Canterbury Cathedral.

Royal Parade is perfectly located, offering an easy journey into nearby Canterbury and its surrounding attractions and towns, whilst also accessible for commuters looking to travel further afield. This new development is less than 9 miles away from the A2, with excellent links to Dover and London. Canterbury West Railway Station provides services direct to London, as well as Ashford International.


Plot availability

Plot number 68
Tenure Shared ownership
Availability Available
Bathrooms 2
Minimum share 35%
Minimum share price £109,200
Full market price £312,000
Monthly rent £465
Monthly service charge £42
Plot number 53
Tenure Shared ownership
Availability Available
Bathrooms 2
Minimum share 35%
Minimum share price £110,250
Full market price £315,000
Monthly rent £469
Monthly service charge £42
Plot number 66
Tenure Shared ownership
Availability Available
Bathrooms 2
Minimum share 35%
Minimum share price £111,125
Full market price £317,500
Monthly rent £473
Monthly service charge £36
Plot number 69
Tenure Shared ownership
Availability Available
Bathrooms 2
Minimum share 35%
Minimum share price £111,125
Full market price £317,500
Monthly rent £473
Monthly service charge £42

FAQ's

Min share price from: £109,200 for a 35% share
Full price from: £312,000
Minimum deposit from: £4,638
Monthly rent from: £465
Bedrooms: 3
Bathrooms: 2

There are 4 available ranging from £109,200 for a 35% share to £111,125 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

Orbit
Shared ownership

Starting prices

35% share from
£92,750
Full price
£265,000
Minimum deposit
£4,638
Monthly rent
£395
Monthly service charge
£35