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%.

Preston Road, 1-3 bed homes


Preston Road, Brighton, Brighton and Hove City, BN1 6SE

Shared ownership

Starting prices

35% share from
£99,750
Full price
£285,000
Monthly rent
£424
Monthly service charge
£196

Overview

Southern Home Ownership is pleased to present Preston Road, a collection of 1, 2 and 3 bedroom homes available for Shared Ownership in Brighton.

This showcase development takes two imposing and distinctive Victorian Villas and reinterprets them for the 21st century, along with six unique townhouses all set on beautifully landscaped grounds.

Brilliantly located close to Preston Park Station and within walking distance to Preston park and the buzz of Brighton and the seaside.

Register your interest below.


Local area information

Preston road sits in a perfect spot between, with the beach only 2 miles away.This is the perfect place to enjoy a sunny Sunday afternoon, or watch the sun go down after a hard day at work.

The Preston Road site currently consists of two Victorian villas dating from around 1870, which were built as part of the Clermont Estate. The two villas were connected in the 1950s through a link block to form one building, all situated within a large garden with an array of mature trees.

These homes will be celebrating their history and decorative features, and wherever possible they will retain many of the existing room proportions and original features. 

This is a part of Brighton full of open spaces and the jewel in the crown is Preston Park, the biggest green area in the city and only 500m down the road from 251 Preston Road. The parklands are perfect for a summer’s stroll while sports lovers will appreciate the football pitches, tennis courts, cricket ground, basketball facilities and velodrome. There’s a celebrated rockery, filled with a diverse collection of flora and fauna, together with walled and rose gardens. For youngsters there is a choice of two playgrounds, as well as two cafés for the grown-ups to relax.

Brighton is a place beside the seaside that’s within an easy commute of London. From your front door in Preston Road it’s a three-minute walk to Preston Park station with regular services to London Victoria and Gatwick Airport. The main London road is even closer.

Living at Preston Road you will have local shops, schools and open parkland, together with a whole range of sports facilities within a few minutes’ walk. The town centre is not

much further. There is a bus stop directly in front of 251 Preston Road with regular services in and out of Brighton along with many local cycle routes to ensure you will always feel well connected.


Plot availability

Plot number 22
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 35%
Minimum share price £102,550
Full market price £293,000
Monthly rent £436
Monthly service charge £234
Ownership Leasehold
Plot number 12
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 35%
Minimum share price £107,800
Full market price £308,000
Monthly rent £459
Monthly service charge £234
Ownership Leasehold
Plot number 5
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 35%
Minimum share price £107,800
Full market price £308,000
Monthly rent £459
Monthly service charge £234
Ownership Leasehold
Plot number 13
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 35%
Minimum share price £111,300
Full market price £318,000
Monthly rent £474
Monthly service charge £234
Ownership Leasehold
Plot number 15
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 35%
Minimum share price £111,300
Full market price £318,000
Monthly rent £474
Monthly service charge £196
Ownership Leasehold
Plot number 6
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 35%
Minimum share price £111,300
Full market price £318,000
Monthly rent £474
Monthly service charge £234
Ownership Leasehold
Plot number 20
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 35%
Minimum share price £116,500
Full market price £333,000
Monthly rent £496
Monthly service charge £234
Ownership Leasehold
Plot number 14
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 35%
Minimum share price £146,300
Full market price £418,000
Monthly rent £622
Monthly service charge £250
Ownership Leasehold
Plot number 21
Tenure Shared ownership
Availability Available
Bathrooms 2
Minimum share 35%
Minimum share price £151,550
Full market price £433,000
Monthly rent £645
Monthly service charge £250
Ownership Leasehold
Plot number 26
Tenure Shared ownership
Availability Available
Bathrooms 2
Minimum share 35%
Minimum share price £204,050
Full market price £583,000
Monthly rent £868
Monthly service charge £145
Ownership Leasehold
Plot number 27
Tenure Shared ownership
Availability Available
Bathrooms 2
Minimum share 35%
Minimum share price £204,050
Full market price £583,000
Monthly rent £868
Monthly service charge £145
Ownership Leasehold
Plot number 28
Tenure Shared ownership
Availability Available
Bathrooms 2
Minimum share 35%
Minimum share price £207,550
Full market price £593,000
Monthly rent £883
Monthly service charge £145
Ownership Leasehold

FAQ's

Min share price from: £102,550 for a 35% share
Full price from: £293,000
Monthly rent from: £436
Bedrooms: 1
Bathrooms: 1

There are 12 available ranging from £102,550 for a 35% share to £207,550 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

Southern Homes
Shared ownership

Starting prices

35% share from
£99,750
Full price
£285,000
Monthly rent
£424
Monthly service charge
£196