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)
Stanford Road, 2 bed homes
Colne Housing is proud to offer this very attractive 2 bedroom, first floor apartment.
This well-kept apartment was built in 2017 and is situated on the first floor of a four story building.
There is an open plan lounge, kitchen and dining area. The kitchen has space for a washing machine, cooker and fridge freezer (not included).
There are two double bedrooms, both with large windows and fitted carpet.
The bathroom is of a large size and consists of a low-level WC, wash hand basin, paneled bath with overhead shower.
The apartment also benefits from one allocated parking space.
Open plan kitchen / living room
2 double bedrooms
Gas Central Heating
FMV - £185,000
Share available - 40%
Share value - £74,000
Rent - £233.75
Service charge - £76.10
Contact Iceni on email@example.com for more information or to book a viewing!
The properties are subject to a new valuation every 3 months to ensure the values are in line with current market. This property is due a new valuation in December 2019.