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%.

Bower Place


Newton Close, Cambridge, South Cambridgeshire, CB24 8AQ

Shared ownership
2-3 bedroom homes
25% share from
£78,750
Full price
£315,000
Minimum deposit
£3,938
Monthly rent
£541
Monthly service charge
£68

Overview

This months incentive! Reserve for £99 and receive £500 towards legal fees on completion*

2 and 3 bedroom houses for shared ownership, part-buy part-rent in the popular village of Cottenham 

• Modern white kitchen with oven, hob and extractor fan

• Carpet to bedroom and living areas with vinyl flooring to kitchen and bathroom 

• White bathroom suite with over-bath shower and glass shower screen

• Downstairs cloakroom 

• Private garden with shed

• Off-street parking - Driveway

*terms & conditions apply


Local area information

The development will become a thriving community of just 50 new homes. Surronded by open countryside and within a mile of local ameneties, Oakington is less than 8 miles from Cambridge.

Waterbeach railway station is a 12 minute drive away with connections to Cambridge in 6 minutes, Ely in 10 minutes and London Kings Cross in just 59 minutes, Close to the A14 and A10 with the A1(m) within 30 minutes. Stansted Airport is a comfortable 40 minutes drive away. 

Complete Moves are selling these homes on behalf of Sage Housing* through Shared Ownership. With shared ownership you can buy a share of a home using a mortgage from a bank or building society and pay a subsidised rent on the remaining share. The combined mortgage and rent is normally less than you’d expect to pay if you bought a similar property outright. When you’re ready, you can buy more shares until you own 100% of your home. Shares on the development start from 40%.

Full market value: £315,000

25% Share £78,750 (Monthly rent: £541.41 pm)

40% Share: £126,000 (Monthly rent: £433.13 pm)

50% Share: £157,500 (Monthly rent: £361 pm)

60% Share: £189,000 (Monthly rent: £289pm)

75% Share: £236,250 (Monthly rent: £180.46 pm)

Estimated monthly service charge: £68 pm

Sage Housing is a Registered Provider committed to providing high quality affordable homes across England.


Plot availability

Plot number 25
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 25%
Minimum share price £78,750
Full market price £315,000
Monthly rent £433
Monthly service charge £68
Ownership Leasehold

Modern white kitchen with oven, hob and extractor 

Carpet to bedrooms and living areas

Downstairs cloakroom 

Over-bath shower with glass screen 

Private garden with shed

Plot number 24
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 25%
Minimum share price £78,750
Full market price £315,000
Monthly rent £541
Monthly service charge £68
Ownership Leasehold

Modern white kitchen with oven, hob and extractor 

Carpet to bedrooms and living areas

Downstairs cloakroom 

Over-bath shower with glass screen 

Private garden with shed

Plot number 31
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 25%
Minimum share price £96,250
Full market price £385,000
Monthly rent £662
Monthly service charge £70
Ownership Leasehold

Modern white kitchen with oven, hob and extractor 

Carpet to bedrooms and living areas

Downstairs cloakroom 

Over-bath shower with glass screen 

Private garden with shed

Plot number 30
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 25%
Minimum share price £96,250
Full market price £385,000
Monthly rent £662
Monthly service charge £70
Ownership Leasehold

Modern white kitchen with oven, hob and extractor 

Carpet to bedrooms and living areas

Downstairs cloakroom 

Over-bath shower with glass screen 

Private garden with shed


FAQ's

Min share price from: £78,750 for a 25% share
Full price from: £315,000
Minimum deposit from: £3,938
Monthly rent from: £433
Bedrooms: 2
Bathrooms: 1

There are 4 available ranging from £78,750 for a 25% share to £96,250 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

Complete Moves
Shared ownership
2-3 bedroom homes
25% share from
£78,750
Full price
£315,000
Minimum deposit
£3,938
Monthly rent
£541
Monthly service charge
£68