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%.

Shoreland Park


Hadston Road, Hadston, Northumberland County, NE65 9RJ

Shared ownership
3 bedroom homes
50% share from
£72,625
Full price
£145,250

Overview

Just ten minutes walk from Druridge Bay Country Park and a mile from the magnificent Northumberland coast in one direction, and quarter of a mile from the local shops in the other, this attractive selection of 90 contemporary energy efficient two, three and four bedroom homes combines the appeal of wide horizons, broad beaches and fresh air with an opportunity to put down roots in a small, mature community. 


Plot availability

Plot number Nevis
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 25%
Minimum share price £38,550
Full market price £154,200
Ownership Leasehold

The unusual corner staircase introduces a stylishly contemporary note, as well as an open, spacious character, to the living room of this attractive home. With its garden access, the dining room provides a delightful setting for relaxed meals. 

  • Allocated Parking Spaces
  • 3 Bedrooms

 *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: £38,550 for a 25% share
Full price from: £154,200
Bedrooms: 3
Bathrooms: 1

There is only one available priced at £38,550 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

Heylo Housing
Shared ownership
3 bedroom homes
50% share from
£72,625
Full price
£145,250