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)

River View, 2-3 bed homes


River View, Lydney, Forest of Dean, GL15 4LH

Shared ownership

Starting prices

50% share from
£97,500
Full price
£195,000
Minimum deposit
£4,875
Monthly rent
£223

Overview

River View, Lydney is made up of 2 and 3 bedroom houses now available on part buy - part rent. 


Local area information

River View, Lydney is a brand new community of 2 & 3 bedroom homes with a difference.

The development’s communal areas will be managed to enhance the retained natural aspects of the development and the additional features that have been added for the benefit of the community.

Every home has an outdoor power point for electrical car charging. 16 homes across the development have fast charging points.

Dedicated LEAP (Local Equipped Area for Play) and LAP (Local Area for Play) sites strategically positioned through the development allowing easy access for residents to enjoy the great outdoors.

CCTV to public areas to ensure safety on-site and a number of wifi hotspots for connectivity across the development.

On the eastern edge of River View, dedicated allotments are available for residents to grow their own produce.

Train in the fresh air with several outdoor exercise stations across the development.

Explore the area by bike using the cycle hire facility at River View.


Plot availability

Plot number Alveston
Tenure Shared ownership
Availability Available
Bathrooms 2
Minimum share 50%
Minimum share price £120,000
Full market price £249,995
Monthly rent £275
Ownership Leasehold

The Alveston is a 3-bed home complete with an open plan kitchen/diner, separate living area, downstairs W.C. and hallway storage to the ground floor.

 

On the first floor you will find the master bedroom with ensuite, a further 2 bedrooms, the family bathroom and further hallway storage.

  • Open plan kitchen/diner
  • Separate living area
  • Downstairs W.C.
  • Hallway storage
  • Ensuite to the master
  • Range of traditional and contemporary style kitchens
  • Stainless steel ovens and 4 burner gas hob
  • Stainless steel sinks and chrome taps
  • Integrated fridge freezer
  • In-cupboard recycle bins
  • External electric car charger

Service charge outlined on this portal is heylo’s admin and building insurance fee. Estate and Service charge fees (if applicable) are available from the sales team on site. 

*Images are for illustrative purposes only. Please speak to Sales Adviser for full details* 

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


FAQ's

Min share price from: £120,000 for a 50% share
Full price from: £249,995
Minimum deposit from: £4,875
Monthly rent from: £275
Bedrooms: 3
Bathrooms: 2

There is only one available priced at £120,000 for a 50% 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
£97,500
Full price
£195,000
Minimum deposit
£4,875
Monthly rent
£223