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


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

Shared ownership
1-3 bedroom homes
35% share from
£99,750
Full price
£285,000
Monthly rent
£424
Monthly service charge
£196

Overview

Open Day Launch - 9th November 2019! Book your viewing via our website - www.shosales.co.uk

Register your interest to buy one of these remarkable brand new homes.

Two existing Victorian villas will be completely refurbished to their former glory, a new apartment block built, and new family houses designed to complement the existing villas.

Located at Preston Road, Brighton – 2 miles from Brighton beachside and less than a mile from the impressive structure of Brighton Viaduct. These apartments are ideal for those wanting a home with some history.


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 12
Tenure Shared ownership
Availability Coming soon
Bathrooms 1
Minimum share 1%
Minimum share price TBC
Full market price TBC
Monthly rent TBC
Monthly service charge TBC
Plot number 1
Tenure Shared ownership
Availability Coming soon
Bathrooms 1
Minimum share 1%
Minimum share price TBC
Full market price TBC
Monthly rent TBC
Monthly service charge TBC
Plot number 23
Tenure Shared ownership
Availability Coming soon
Bathrooms 2
Minimum share 1%
Minimum share price TBC
Full market price TBC
Monthly rent TBC
Monthly service charge TBC
Plot number 2
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 35%
Minimum share price £99,750
Full market price £285,000
Monthly rent £424
Monthly service charge £196
Plot number 22
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 35%
Minimum share price £99,750
Full market price £285,000
Monthly rent £424
Monthly service charge £234
Plot number 19
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 35%
Minimum share price £103,250
Full market price £295,000
Monthly rent £439
Monthly service charge £234
Plot number 8
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 35%
Minimum share price £103,250
Full market price £295,000
Monthly rent £440
Monthly service charge £196
Plot number 12
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 35%
Minimum share price £105,000
Full market price £300,000
Monthly rent £447
Monthly service charge £234
Plot number 5
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 35%
Minimum share price £105,000
Full market price £300,000
Monthly rent £447
Monthly service charge £234
Plot number 15
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 35%
Minimum share price £108,500
Full market price £310,000
Monthly rent £461
Monthly service charge £196
Plot number 13
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 35%
Minimum share price £108,500
Full market price £310,000
Monthly rent £462
Monthly service charge £234
Plot number 20
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 35%
Minimum share price £113,750
Full market price £325,000
Monthly rent £484
Monthly service charge £234
Plot number 01
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 35%
Minimum share price £134,750
Full market price £385,000
Monthly rent £574
Monthly service charge £251
Plot number 7
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 35%
Minimum share price £140,000
Full market price £400,000
Monthly rent £595
Monthly service charge £250
Plot number 14
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 35%
Minimum share price £143,500
Full market price £410,000
Monthly rent £610
Monthly service charge £250
Plot number 21
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 35%
Minimum share price £148,750
Full market price £425,000
Monthly rent £633
Monthly service charge £250
Plot number 24
Tenure Shared ownership
Availability Available
Minimum share 35%
Minimum share price £201,250
Full market price £575,000
Monthly rent £857
Monthly service charge £145
Plot number 28
Tenure Shared ownership
Availability Available
Minimum share 35%
Minimum share price £204,750
Full market price £585,000
Monthly rent £872
Monthly service charge £145

FAQ's

Min share price from: £99,750 for a 35% share
Full price from: £285,000
Monthly rent from: £424
Bedrooms: 1
Bathrooms: 1

There are 39 available ranging from £99,750 for a 35% share to £204,750 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
1-3 bedroom homes
35% share from
£99,750
Full price
£285,000
Monthly rent
£424
Monthly service charge
£196