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%.

Plantation Road


Orchard Way, Chelmsford, Chelmsford City, CM3 3GR

Shared ownership
2-3 bedroom homes
40% share from
£136,000
Full price
£340,000
Minimum deposit
£6,800
Monthly service charge
£25

Overview

Available for sale on a shared ownership basis, Greenfields will have one 2-bedroom semi-detached and five 3-bedroom semi-detached houses which are due between November and December 2019.
These new properties will enjoy a spacious living room/dining area. There will be a separate kitchen designed to a high standard with built in oven, hob and hood.

The properties feature two/three bedrooms, a family bathroom and second downstairs toilet.

There will be vinyl flooring to the kitchen and bathrooms.

The properties also benefit from having two allocated parking spaces.

Rent and service charges are reviewed annually.

The service charges stated are estimated and are to be confirmed by the developer. They are expected to apply for road maintenance, lighting and communal grounds maintenance. 

Please note once our solicitor has received all documents we will expect to exchange within 6 weeks of handover.


Local area information

Boreham is a village and civil parish, in Essex, England. The parish is in the City of Chelmsford and Chelmsford Parliament constituency. Boreham village lies between Chelmsford City and Hatfield Peverel.  It has a population of just over 5000 and has a Village Hall and two recreation grounds, as well as a hairdressers and barbers, post office, a primary school and a doctor’s surgery. There is also several shops including a fine butchers shop, a gun shop and three public houses.


Plot availability

Plot number 87
Tenure Shared ownership
Availability Available
Bathrooms 2
Minimum share 40%
Minimum share price £136,000
Full market price £340,000
Monthly rent £468
Monthly service charge £25
Ownership Leasehold
  • Oven, Hob and Hood
  • Vinyl flooring to Kitchen and Bathroom
Plot number 90
Tenure Shared ownership
Availability Available
Bathrooms 2
Minimum share 40%
Minimum share price £166,000
Full market price £415,000
Monthly rent £571
Monthly service charge £25
Ownership Leasehold
  • Oven, hob and hood
  • Vinyl flooring to the kitchen and bathrooms
  • Private Garden
  • 2 allocated parking spaces
Plot number 91
Tenure Shared ownership
Availability Available
Bathrooms 2
Minimum share 40%
Minimum share price £166,000
Full market price £415,000
Monthly rent £571
Monthly service charge £25
Ownership Leasehold
  • Oven, hob and hood
  • Vinyl flooring to the kitchen and bathrooms
  • Private Garden
  • 2 allocated parking spaces
Plot number 92
Tenure Shared ownership
Availability Available
Bathrooms 2
Minimum share 40%
Minimum share price £166,000
Full market price £415,000
Monthly rent £571
Monthly service charge £25
Ownership Leasehold
  • Oven, hob and hood
  • Vinyl flooring to the kitchen and bathrooms
  • Private Garden
  • 2 allocated parking spaces
Plot number 93
Tenure Shared ownership
Availability Available
Bathrooms 2
Minimum share 40%
Minimum share price £166,000
Full market price £415,000
Monthly rent £571
Monthly service charge £25
Ownership Leasehold
  • Oven, hob and hood
  • Vinyl flooring to the kitchen and bathrooms
  • Private Garden
  • 2 allocated parking spaces
Plot number 95
Tenure Shared ownership
Availability Available
Bathrooms 2
Minimum share 40%
Minimum share price £166,000
Full market price £415,000
Monthly rent £571
Monthly service charge £25
Ownership Leasehold
  • Oven, hob and hood
  • Vinyl flooring to the kitchen and bathrooms
  • Private Garden
  • 2 allocated parking spaces

FAQ's

Min share price from: £136,000 for a 40% share
Full price from: £340,000
Minimum deposit from: £6,800
Monthly rent from: £468
Bedrooms: 2
Bathrooms: 2

There are 6 available ranging from £136,000 for a 40% share to £166,000 for a 40% 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

Greenfields Community Housing
Shared ownership
2-3 bedroom homes
40% share from
£136,000
Full price
£340,000
Minimum deposit
£6,800
Monthly service charge
£25