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)

Bower Place, Oakington, 2 bed homes


11 Newton Close, Cambridge, South Cambridgeshire, CB24 8TW

Shared ownership

Starting prices

40% share from
£126,000
Full price
£315,000
Minimum deposit
£6,300
Monthly rent
£433
Monthly service charge
£187

Overview

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


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. 

Full market value: £315,000

Minimum 40% Share: £126,000

Monthly rent: £433.13

Estimated monthly service charge: £187

50% Share: £157,500

Monthly rent: £361

60% Share: £189,000

Monthly rent: £289

75% Share: £236,250

Monthly rent: £180.46


Plot availability

Plot number 6
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 40%
Minimum share price £126,000
Full market price £315,000
Monthly rent £433
Monthly service charge £187
  • Off street parking - Driveway 
  • Modern white kitchen with oven, hob and extractor fan
  • Carpet to bedroom and living areas with vinyl flooring to kitchen and bathroom 
  • Downstairs cloakroom 
  • White bathroom suite with over-bath shower and glass shower screen
  • Private garden with shed
Plot number 7
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 40%
Minimum share price £126,000
Full market price £315,000
Monthly rent £433
Monthly service charge £187
  • Off street parking - Driveway 
  • Modern white kitchen with oven, hob and extractor fan
  • Carpet to bedroom and living areas with vinyl flooring to kitchen and bathroom 
  • Downstairs cloakroom 
  • White bathroom suite with over-bath shower and glass shower screen
  • Private garden with shed

FAQ's

Min share price from: £126,000 for a 40% share
Full price from: £315,000
Minimum deposit from: £6,300
Monthly rent from: £433
Bedrooms: 2
Bathrooms: 1

There are 2 available ranging from £126,000 for a 40% share to £126,000 for a 40% 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.

No, but it all depends on your lease (your contract with the housing association) so check it thoroughly and ask questions before you buy.

Housing Provider

Sage Housing
Shared ownership

Starting prices

40% share from
£126,000
Full price
£315,000
Minimum deposit
£6,300
Monthly rent
£433
Monthly service charge
£187