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%.

Stoneley Park


Stoneley Road, Crewe, Cheshire East, CW1 4NG

Shared ownership
2-3 bedroom homes
25% share from
£42,500
Full price
£170,000
Minimum deposit
£3,400
Monthly rent
£292

Overview

The Cerris Homes at Stoneley Park offer beautiful 2 and 3 bedroom homes ideal for first time buyers and families looking to live in a desirable semi-rural location. A stone’s throw away from Crewe’s town centre and with Nantwich only a few miles away, there are plenty of options available leisure activities.


Local area information

Stoneley Park is a semi-rural village which lies two miles North of nearest town, Crewe and six miles North of historic market town, Nantwich. Surrounded by stunning Cheshire countryside and local amenities just a short distance away, the village combines the best of both worlds.

With excellent transport links via Crewe and Nantwich, new homes in Shavington are popular with lovers of an urban-rural mix.

Transport

Crewe is on the A500, which provides easy access to J16 of the M6 for commuters heading to Manchester, Stoke-on-Trent and Birmingham. The town's railway station is one of the largest in the North West, situated on the West Coast Main Line, and offers direct services to London Euston, Edinburgh, Cardiff and Liverpool amongst others.

The nearest airport is Manchester, requiring a 30-mile journey, while Liverpool John Lennon Airport is located 40 miles away. Bus routes include Chester, Northwich, Macclesfield and Stoke-on-Trent.

Culture

Crewe is home to a variety of shops, bars and restaurants, along with indoor and outdoor markets. There's also the opportunity to take in a show at the award-winning Crewe Lyceum or watch a Crewe Alexandra match.

If boutiques are more to your liking, the medieval market town of Nantwich offers a comprehensive range of shops, cafés and bars. Music lovers can also enjoy the annual Jazz & Blues Festival, which takes place over the Easter Bank Holiday weekend.

Schools

Serving the majority of the village is Mablins Lane Community Primary School, with Oakfield Lodge School and Frist Steps Pre School  nearby. Located in Crewe are the Rusakin Community High School and the The Oaks Academy . Sandbach High School and Sixth Form is around ten miles away. Manchester Metropolitan University Cheshire campus is around four miles miles away, with Keele University just ten miles away.


Plot availability

Plot number 16
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 40%
Minimum share price £68,000
Full market price £170,000
Monthly rent £234
Plot number 143
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 40%
Minimum share price £70,000
Full market price £175,000
Monthly rent £241

FAQ's

Min share price from: £68,000 for a 40% share
Full price from: £170,000
Minimum deposit from: £3,400
Monthly rent from: £234
Bedrooms: 3
Bathrooms: 1

There are 5 available ranging from £68,000 for a 40% share to £70,000 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.

Yes, 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

Cerris Homes
Shared ownership
2-3 bedroom homes
25% share from
£42,500
Full price
£170,000
Minimum deposit
£3,400
Monthly rent
£292