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)

Station Hill, 2 bed homes


Station Hill, Bury St Edmunds, St Edmundsbury, IP32 6AE

Shared ownership

Starting prices

25% share from
£60,000
Full price
£240,000
Minimum deposit
£3,000
Monthly rent
£413
Monthly service charge
£292

Overview

Luxurious two bedroom apartments situated a short walk from the train station in the heart of the historic market town, Bury St Edmunds

These spacious apartments feature open plan living spaces with floor to ceiling windows, allowing light to flood in. Each living space benefits from a contemporary kitchen finished with Zanussi appliances and coordinated upstand and worksurface. Throughout the apartments, good quality flooring is laid and a three piece bathroom featuring stylish large format tiling and a glass shower screen. Each apartment also benefits from a video entry phone system.

As well as having one allocated parking space per apartment, there is also secure cycle storage.

Please note interior images shown are representative and do not represent actual homes at Station Hill.


Local area information

The development is in a prime town centre location with a wide range of amenities available, including favourite High Street brands as well as a host of local independent and individual shops exclusive to the area.

Station Hill lies on the A14 trunk road between Cambridge, 42 km (26 miles) to the east, and Ipswich, 37 km (23 miles) to the west.


Plot availability

Plot number 88
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 25%
Minimum share price £60,000
Full market price £240,000
Monthly rent £413
Monthly service charge £292
Ownership Leasehold

Kitchen
•  Contemporary matt white kitchen with brushed nickel handles and black limestone effect laminate worktop and upstand
•  Stainless steel splashback
•  Stainless steel 1½ bowl sink with Blanco chrome mixer tap
•  Electrolux electric single oven, ceramic hob and chimney hood
•  Space for fridge/freezer
•  Space for washing machine

Bathroom
•  Contemporary white Armitage bathroom suite with thermostatic bath/shower mixer over bath and glass shower screen
•  Chrome mixer tap to basin with click clack waste
•  Full height wall tiling to bath area with splashback tiling to basin
•  Chrome heated towel rail

Flooring
•  Wood effect vinyl flooring to kitchen
•  Grey effect vinyl flooring to bathroom
•  Wool twist carpet in taupe to Hall, lounge/dining area and bedrooms
 
General
•  Walls, ceilings, architraves and skirtings painted white
•  Oak effect finish flush internal doors with chrome ironmongery
•  Wardrobe to master bedroom
•  Gas central heating via Combi boiler and white contemporary radiators
•  12 year NHBC building warranty

Electrical
•  Video door entry system
•  Chrome finish downlights to kitchen area
•  Downlights to bathroom
•  Pendant lighting to hall, lounge/dining area and bedrooms
•  White sockets and switches throughout
•  TV point to lounge and master bedroom with SkyQ to lounge via communal satellite dish
•  Telephone point to hall, lounge and master bedroom
•  Carbon monoxide and smoke  detectors installed
•  Extractor fan to bathroom
•  Shaver socket to bathroom

Communal Areas
•  One parking space per apartment
•  Cycle Store
•  Lift to all floors
•  Carpet to communal areas
•  External freestanding post boxes 

Energy Efficiency Rating
Predicted
Very energy efficient - lower running costs
(92-100) A
(81-91) B
(69-80) C
(55-68) D
(39-54) E
(21-38) F
(1-20) G
85
Not energy efficient - higher running costs
Environmental Impact (CO2) Rating
Predicted
Very environmental friendly - lower CO2 emissions
(92-100) A
(81-91) B
(69-80) C
(55-68) D
(39-54) E
(21-38) F
(1-20) G
85
Not environmental friendly - higher CO2 emissions
Plot number 101
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 25%
Minimum share price £60,000
Full market price £240,000
Monthly rent £413
Monthly service charge £292
Ownership Leasehold

Kitchen
•  Contemporary matt white kitchen with brushed nickel handles and black limestone effect laminate worktop and upstand
•  Stainless steel splashback
•  Stainless steel 1½ bowl sink with Blanco chrome mixer tap
•  Electrolux electric single oven, ceramic hob and chimney hood
•  Space for fridge/freezer
•  Space for washing machine

Bathroom
•  Contemporary white Armitage bathroom suite with thermostatic bath/shower mixer over bath and glass shower screen
•  Chrome mixer tap to basin with click clack waste
•  Full height wall tiling to bath area with splashback tiling to basin
•  Chrome heated towel rail

Flooring
•  Wood effect vinyl flooring to kitchen
•  Grey effect vinyl flooring to bathroom
•  Wool twist carpet in taupe to Hall, lounge/dining area and bedrooms
 
General
•  Walls, ceilings, architraves and skirtings painted white
•  Oak effect finish flush internal doors with chrome ironmongery
•  Wardrobe to master bedroom
•  Gas central heating via Combi boiler and white contemporary radiators
•  12 year NHBC building warranty

Electrical
•  Video door entry system
•  Chrome finish downlights to kitchen area
•  Downlights to bathroom
•  Pendant lighting to hall, lounge/dining area and bedrooms
•  White sockets and switches throughout
•  TV point to lounge and master bedroom with SkyQ to lounge via communal satellite dish
•  Telephone point to hall, lounge and master bedroom
•  Carbon monoxide and smoke  detectors installed
•  Extractor fan to bathroom
•  Shaver socket to bathroom

Communal Areas
•  One parking space per apartment
•  Cycle Store
•  Lift to all floors
•  Carpet to communal areas
•  External freestanding post boxes 

Energy Efficiency Rating
Predicted
Very energy efficient - lower running costs
(92-100) A
(81-91) B
(69-80) C
(55-68) D
(39-54) E
(21-38) F
(1-20) G
82
Not energy efficient - higher running costs
Environmental Impact (CO2) Rating
Predicted
Very environmental friendly - lower CO2 emissions
(92-100) A
(81-91) B
(69-80) C
(55-68) D
(39-54) E
(21-38) F
(1-20) G
82
Not environmental friendly - higher CO2 emissions
Plot number 74
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 25%
Minimum share price £600,000
Full market price £240,000
Monthly rent £413
Monthly service charge £292
Ownership Leasehold

Kitchen
•  Contemporary matt white kitchen with brushed nickel handles and black limestone effect laminate worktop and upstand
•  Stainless steel splashback
•  Stainless steel 1½ bowl sink with Blanco chrome mixer tap
•  Electrolux electric single oven, ceramic hob and chimney hood
•  Space for fridge/freezer
•  Space for washing machine

Bathroom
•  Contemporary white Armitage bathroom suite with thermostatic bath/shower mixer over bath and glass shower screen
•  Chrome mixer tap to basin with click clack waste
•  Full height wall tiling to bath area with splashback tiling to basin
•  Chrome heated towel rail

Flooring
•  Wood effect vinyl flooring to kitchen
•  Grey effect vinyl flooring to bathroom
•  Wool twist carpet in taupe to Hall, lounge/dining area and bedrooms
 
General
•  Walls, ceilings, architraves and skirtings painted white
•  Oak effect finish flush internal doors with chrome ironmongery
•  Wardrobe to master bedroom
•  Gas central heating via Combi boiler and white contemporary radiators
•  12 year NHBC building warranty

Electrical
•  Video door entry system
•  Chrome finish downlights to kitchen area
•  Downlights to bathroom
•  Pendant lighting to hall, lounge/dining area and bedrooms
•  White sockets and switches throughout
•  TV point to lounge and master bedroom with SkyQ to lounge via communal satellite dish
•  Telephone point to hall, lounge and master bedroom
•  Carbon monoxide and smoke  detectors installed
•  Extractor fan to bathroom
•  Shaver socket to bathroom

Communal Areas
•  One parking space per apartment
•  Cycle Store
•  Lift to all floors
•  Carpet to communal areas
•  External freestanding post boxes 

Energy Efficiency Rating
Predicted
Very energy efficient - lower running costs
(92-100) A
(81-91) B
(69-80) C
(55-68) D
(39-54) E
(21-38) F
(1-20) G
83
Not energy efficient - higher running costs
Environmental Impact (CO2) Rating
Predicted
Very environmental friendly - lower CO2 emissions
(92-100) A
(81-91) B
(69-80) C
(55-68) D
(39-54) E
(21-38) F
(1-20) G
82
Not environmental friendly - higher CO2 emissions

FAQ's

Min share price from: £600,000 for a 25% share
Full price from: £240,000
Minimum deposit from: £3,000
Monthly rent from: £413
Bedrooms: 2
Bathrooms: 1

There are 3 available ranging from £600,000 for a 25% share to £600,000 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

Legal & General Affordable Homes
Shared ownership

Starting prices

25% share from
£60,000
Full price
£240,000
Minimum deposit
£3,000
Monthly rent
£413
Monthly service charge
£292