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)

Paragon, 1-3 bed homes


Paragon, Trumpington, Cambridge, Cambridge City, CB2 9BW

Shared ownership

Starting prices

50% share from
£150,000
Full price
£300,000
Minimum deposit
£7,500
Monthly rent
£344

Overview

Paragon , Cambridge is made up of 1, 2 and 3 bedroom apartments now available through shared ownership in Cambridge.


Local area information

Paragon at Great Kneighton is located to the east of Trumpington on the southern edge of Cambridge and is easily accessible from the M11 junction 11. This vibrant development benefits from new schools, shopping facilities, recreational grounds and vastly improved transport links including extensive, purpose built cycle way routes and footpaths. Trumpington Park and Ride is only 5 minutes away - an easy alternative route to the centre of Cambridge and the railway station. King's Cross is just 47 minutes away by train and Stansted airport just 30 minutes by train. So, if you're looking for a new home with excellent commuter links, your search ends here!


Plot availability

Plot number Amber House - 1 bed
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 25%
Minimum share price £82,188
Full market price £328,750
Ownership Leasehold

Kitchens

  • Choice of kitchen units with co-ordinating worktop*
  • Choice of Porcelanosa ceramic floor tiles*
  • Integrated appliances including:
  • Integrated stainless steel oven, hob and hood
  • Integrated fridge freezer and washing machine
  • Downlighters

Bathrooms and en suites

  • Choice of Porcelanosa ceramic wall and floor tiles*
  • Ideal Standard white suites with Aquablade Technology ® and soft close toilet seats
  • Heated towel rail
  • Downlighters

Bedrooms

  • Portico built-in wardrobe to bedroom 1 featuring glazed sliding doors**
  • TV and phone point to bedroom 1
  • Shaver socket to bathroom or en suite

Doors and windows

  • Audio door entry system
  • Contemporary ladder style internal doors
  • Carlisle Brass brushed chrome door handles

General

  • High levels of insulation and thermal efficient walls, windows and roof
  • Gas central heating with wall mounted condensing boiler, programme selector and room thermostat
  • White painted internal walls and ceilings
  • Contemporary square edge skirting and architrave
  • Mains wired smoke detectors
  • Balcony or terrace with timber decking
  • NHBC ‘Buildmark’ cover providing 10 year warranty
  • Two years’ customer service support from Bovis Homes
  • Lift to all floors

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

Plot number Amber House - 2 bed
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 25%
Minimum share price £87,500
Full market price £350,000
Monthly rent TBC
Ownership Leasehold

Kitchens

  • Choice of kitchen units with co-ordinating worktop*
  • Choice of Porcelanosa ceramic floor tiles*
  • Integrated appliances including:
  • Integrated stainless steel oven, hob and hood
  • Integrated fridge freezer and washing machine
  • Downlighters

Bathrooms and en suites

  • Choice of Porcelanosa ceramic wall and floor tiles*
  • Ideal Standard white suites with Aquablade Technology ® and soft close toilet seats
  • Heated towel rail
  • Downlighters

Bedrooms

  • Portico built-in wardrobe to bedroom 1 featuring glazed sliding doors**
  • TV and phone point to bedroom 1
  • Shaver socket to bathroom or en suite

Doors and windows

  • Audio door entry system
  • Contemporary ladder style internal doors
  • Carlisle Brass brushed chrome door handles

General

  • High levels of insulation and thermal efficient walls, windows and roof
  • Gas central heating with wall mounted condensing boiler, programme selector and room thermostat
  • White painted internal walls and ceilings
  • Contemporary square edge skirting and architrave
  • Mains wired smoke detectors
  • Balcony or terrace with timber decking
  • NHBC ‘Buildmark’ cover providing 10 year warranty
  • Two years’ customer service support from Bovis Homes
  • Lift to all floors

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


FAQ's

Min share price from: £82,188 for a 25% share
Full price from: £328,750
Minimum deposit from: £7,500
Bedrooms: 1
Bathrooms: 1

There are 2 available ranging from £82,188 for a 25% share to £87,500 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

Starting prices

50% share from
£150,000
Full price
£300,000
Minimum deposit
£7,500
Monthly rent
£344