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)

Pennyfather Lane at Foundry Gardens, 2 bed homes


Rocky Lane South, Haywards Heath, Mid Sussex, RH16 4WQ

Shared ownership

Starting prices

25% share from
£106,250
Full price
£425,000
Minimum deposit
£5,313
Monthly rent
£730
Monthly service charge
£40

Overview

About Pennyfather Lane at Foundry Gardens

Next phase coming soon so please register your interest*

Clarion is proud to present Pennyfather Lane at Foundry Gardens; a collection of attractive new homes available for Shared Ownership in Haywards Heath, West Sussex.

Optimally designed for modern living, our Pennyfather Lane residences are an ideal opportunity to acquire a stylish home in this beautiful part of West Sussex. 

Our homes begin with a desire to combine the best of traditional and modern, and feature a blend of tasteful exteriors, bright contemporary interiors and flexible layouts. You’re sure to find the perfect place to call home with Clarion. 

- Private allocated parking.
- Within easy reach of Haywards Heath town centre and station (with direct links to Brighton, Gatwick and London).
- Contemporary fitted kitchens.
- Stylish white bathroom suites.
- Quality internal finishes, including a selection of modern appliances, fittings and flooring.
- Neutrally decorated to allow you to create your perfect interior.
- Covered by a reputable building warranty for peace of mind.

Buyers must have a live or work connection to Mid Sussex.

To register your interest or if you have any questions, please contact the Customer Service Team – Sales as soon as possible.


Local area information

The town has a thriving high street and offers the perfect location for families with members who commute. There are many schools close by and Haywards Heath railway station is within two miles.


Plot availability

Plot number 246
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 25%
Minimum share price £106,250
Full market price £425,000
Monthly rent £730
Monthly service charge £55
Ownership Leasehold
Plot number 245
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 25%
Minimum share price £106,250
Full market price £425,000
Monthly rent £730
Monthly service charge £55
Ownership Leasehold
Plot number 247
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 25%
Minimum share price £110,000
Full market price £440,000
Monthly rent £756
Monthly service charge £55
Ownership Leasehold
Plot number 255
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 25%
Minimum share price £110,000
Full market price £440,000
Monthly rent £756
Monthly service charge £55
Ownership Leasehold

FAQ's

Min share price from: £106,250 for a 25% share
Full price from: £425,000
Minimum deposit from: £5,313
Monthly rent from: £730
Bedrooms: 3
Bathrooms: 1

There are 4 available ranging from £106,250 for a 25% share to £110,000 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

Clarion
Shared ownership

Starting prices

25% share from
£106,250
Full price
£425,000
Minimum deposit
£5,313
Monthly rent
£730
Monthly service charge
£40