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)

Scholars Fields, 2 bed homes


Cornfield Drive, Manchester, Manchester City, M22 9QX

Shared ownership

Starting prices

50% share from
£90,000
Full price
£180,000
Minimum deposit
£4,500
Monthly rent
£206
Monthly service charge
£15

Overview

When it comes to modern living, affordability and location, Scholars Fields has got it all. With a mix of 147 beautifully appointed homes and a choice of ways to buy, there’s something for everyone- whether you’re a first-time buyer, a renter looking to save a deposit or a family needing more space.

A stunning collection of 2 & 3 bedroom properties starting from £90,000*

 

*£90,000 is based on purchasing a 50% share. Rent payable on the remaining share.

 

 


Local area information

Situated in the leafy town of Wythenshawe, with Manchester's bustling centre just eight miles away and a major motorway network on your doorstep, you couldn’t be better connected.

 


Plot availability

Plot number The Aster
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 50%
Minimum share price £90,000
Full market price £180,000
Monthly rent £206
Monthly service charge £15

The Aster is a stunning 2 bedroom terraced house which benefits from a separate entrance porch leading to a good-sized front-facing living room with a kitchen-diner to the rear. A separate WC and storage cupboard make up the rest of the impressive ground floor.

Upstairs there are two generous sized bedrooms, together with a family bathroom and additional storage space.

Available for *Shared Ownership* making it perfect for first time buyers, couples or small families alike. If you earn less than £80,000.00 a year and want to purchase with a low deposit, then shared ownership could be the perfect way to buy your home!

Shared ownership is one of the best ways for first time buyers to get their foot on the property ladder within prime locations and is cheaper than buying a house outright and usually cheaper than renting on the open market. More importantly, you do not need to make sacrifices on either life style or quality of home! All homes are of high quality and allow you to personalise and make your own.

Shared ownership example: Price is based on a 50% share and a deposit of £4,500* (*based on a 5% deposit). Please note other % shared ownership options are available.

Full Market Value: £180,000
50% share = £90,000
Deposit (min 5%) = £4,500
Rent = £206.25 per month
Service charge = £15.17 pcm

Disclaimer- Information about each property on this website (including text, photographs, artists impressions and computer generated images) on this and all other pages is indicative, and intended as a guide only. 

Plot number The Bellflower
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 50%
Minimum share price £104,000
Full market price £208,000
Monthly service charge £15

The generously-sized Bellflower is a three bedroom, semi-detached family property covering three floors.

On the ground floor, theres a seperate entrance porch leading to a bright front-aspect living room. Movig towards the back of the house, a hallway leads to a seperate washroom with a toilet and basin , as well as a kitchen-diner. This spacious, open plan area had doors which lead out into the garden.

On the first floor, theres a double bedroom at the front as well as a fully-fitted family bathroom and a small stufy room. The second floor has a larger double bedroom at the front and a smaller double at the back.

Available for *Shared Ownership* making it perfect for first time buyers, couples or small families alike. If you earn less than £80,000.00 a year and want to purchase with a low deposit, then shared ownership could be the perfect way to buy your home!

Shared ownership is one of the best ways for first time buyers to get their foot on the property ladder within prime locations and is cheaper than buying a house outright and usually cheaper than renting on the open market. More importantly, you do not need to make sacrifices on either life style or quality of home! All homes are of high quality and allow you to personalise and make your own.

Shared ownership example: Price is based on a 50% share and a deposit of £5,200* (*based on a 5% deposit). Please note other % shared ownership options are available.

Full Market Value: £208,000
50% share = £104,000
Deposit (min 5%) = £5,200
Rent = £238.33 per month
Service charge = £15.17 pcm

Disclaimer- Information about each property on this website (including text, photographs, artists impressions and computer generated images) on this and all other pages is indicative, and intended as a guide only. 
 


FAQ's

Min share price from: £90,000 for a 50% share
Full price from: £180,000
Minimum deposit from: £4,500
Monthly rent from: £206
Bedrooms: 2
Bathrooms: 1

There are 2 available ranging from £90,000 for a 50% share to £104,000 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

Garden City Homes
Shared ownership

Starting prices

50% share from
£90,000
Full price
£180,000
Minimum deposit
£4,500
Monthly rent
£206
Monthly service charge
£15