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)

Stockwood Gardens, 1-2 bed homes


Newlands Road, Luton, Luton, LU1 4BQ

Shared ownership

Starting prices

50% share from
£90,000
Full price
£180,000
Minimum deposit
£4,500
Monthly rent
£207

Overview

Stockwood Gardens, Luton, is made up of 1 & 2 bedroom homes now available through part buy-part rent.  


Local area information

Stockwood Gardens will provide a total of 340 high-specification one and two-bedroom apartments with homes dispersed across 11 individual residential blocks.

Stockwood Gardens will be designed to make you feel at home, with picturesque views of the beautiful Stockwood Park, the local golf course and rugby club. You’ll love spending time in in the communal gardens, where you’ll be able to unwind, meet your neighbours.

 

*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** 


Plot availability

Plot number 1-bed Apartment
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 50%
Minimum share price £90,000
Full market price £180,000
Ownership Leasehold

This 1 bed home benefits from an open plan kitchen/living/dining area, master bedroom, the bathroom and built-in storage.

  • Stainless Steel Four Function Oven
  • Frameless Ceramic Hob
  • Black Matte Worktop
  • White Matt Cabinets
  • Stainless Steel Chimney Extractor Hood and Splashback
  • Integrated Fridge/Freezer
  • Integrated Dishwasher
  • Integrated Washer Dryer
  • Microwave
  • Shower with Fully Glazed Enclosure and Chrome Shower Mixer Tap
  • Fully Tiled Porcelain Walls (White) and Floors (Grey)
  • Chrome Heated Towel Rail
  • Entry System
  • Grey Laminate Flooring Kitchen and Living Area
  • Fully Grey Carpeted Bedroom

Service charge outlined on this portal is heylo’s admin and building insurance fee. Estate and Service charge fees (if applicable) are available from the sales team on site. 

*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** 

Plot number 2-bed Apartment
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 50%
Minimum share price £112,500
Full market price £225,000
Ownership Leasehold

This 2 bed home benefits from an open plan kitchen/living/dining area, master bedroom with ensuite, a further second bedroom, the family bathroom and built-in storage.

  • Stainless Steel Four Function Oven
  • Frameless Ceramic Hob
  • Black Matte Worktop
  • White Matt Cabinets
  • Stainless Steel Chimney Extractor Hood and Splashback
  • Integrated Fridge/Freezer
  • Integrated Dishwasher
  • Integrated Washer Dryer
  • Microwave
  • Shower with Fully Glazed Enclosure and Chrome Shower Mixer Tap
  • Fully Tiled Porcelain Walls (White) and Floors (Grey)
  • Chrome Heated Towel Rail
  • Entry System
  • Grey Laminate Flooring Kitchen and Living Area
  • Fully Grey Carpeted Bedroom

Service charge outlined on this portal is heylo’s admin and building insurance fee. Estate and Service charge fees (if applicable) are available from the sales team on site. 

*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: £90,000 for a 50% share
Full price from: £180,000
Minimum deposit from: £4,500
Bedrooms: 1
Bathrooms: 1

There are 2 available ranging from £90,000 for a 50% share to £112,500 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

Heylo Housing
Shared ownership

Starting prices

50% share from
£90,000
Full price
£180,000
Minimum deposit
£4,500
Monthly rent
£207