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%.

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St Peter's Place, 2 bed homes


Brodie Rise, Salisbury, Wiltshire, SP2 9FA

Shared ownership

Starting prices

40% share from
£76,000
Full price
£190,000
Minimum deposit
£3,800
Monthly rent
£261
Monthly service charge
£91

Overview

Brand new two bedroom apartments and the final remaining two bedroom house available now to buy on a Shared Ownership basis. Located in the popular area of Fugglestone Red, perfect for first-time buyers and families on the move. St Peter's Place is a thoughtfully designed new community offering modern amenities, including a new primary school, enhanced academy provision and local shops on your doorstep.

St Peter's Place boasts a stunning rural location, making it an ideal choice for those wishing to be in beautiful surroundings whilst being close to the bustle of Salisbury City Centre.

Prices on this development start from 40% equity share.

You will need a minimum 5% deposit (of the share value) for mortgage purposes, plus monies to pay for solicitor fees, moving costs & furnishings.


Local area information

St Peters Place boasts a stunning rural location, making it an ideal choice for those wishing to be in beautiful surroundings whilst being close to the bustle of a city centre. Salisbury city centre and its medieval layout of the streets make it an excellent place to shop, there are hundreds of shops, small and large, chained and independent, making there something for everyone.

For those who enjoy the outdoors, St Peters Place offers endless outdoor leisure opportunities from boating on the beautiful River Avon to walking and mountain biking across the Salisbury Plain and the nearby countryside. Salisbury offers a number of nearby Health and Fitness clubs along with Golf Courses.

St Peters Place is excellent for commuters with convenient links to both the A36 and A303. Access to Salisbury City centre via the A360 is also easy. To avoid city centre traffic, the city’s first park and ride is now operational and cycle lane provisions have also been implemented in and around the city.

Ideal for those with children, there are several primary and secondary schools within easy reach giving you a wide choice of excellent schools for all ages.


Plot availability

Plot number 323
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 40%
Minimum share price £72,000
Full market price £180,000
Monthly rent £248
Monthly service charge £91
Ownership Leasehold
  • Ground and first floor apartments available

  • Fitted carpets and flooring throughout

  • Contemporary bathroom

  • Allocated parking


FAQ's

Min share price from: £72,000 for a 40% share
Full price from: £180,000
Minimum deposit from: £3,800
Monthly rent from: £248
Bedrooms: 2
Bathrooms: 1

There is only one available priced at £72,000 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
£76,000
Full price
£190,000
Minimum deposit
£3,800
Monthly rent
£261
Monthly service charge
£91