Copleston Heights

2 - 3 bedroom homes in Saddlers Way, Plymouth, Plymouth City, PL6 6FP

Tenure Shared ownership
What is Shared Ownership?
Availability Available
Min share price from £76,600 for 40% share
Full price from £191,500
Min deposit from £3,830
Monthly rent from £246
Bedrooms 2-3
Bathrooms 1
Parking 2

Shared Ownership is a type of affordable home ownership when a purchaser takes out a mortgage on a share of a property and pays rent to a landlord on the remaining share.

For example, someone might buy a 50 per cent share in a property and pay rent to the landlord on the remaining 50 per cent. Purchasers then have the opportunity to ‘staircase’ up their share of the property, gradually increasing the proportion of their home that they own outright and therefore paying less rent on the remaining portion, until they own 100 per cent of their home.

Overview

A fantastic opportunity to purchase one of thirteen 2 and 3 bedroom properties in Tamerton Foliot.

Prices start from £76,600 for a 40% share* of a 2 bedroom house.

No stamp duty for first time buyers. 

With Shared Ownership, you buy an initial share of your new home - usually between 25% and 75% - and you pay a discounted rent on the remaining share. The share you buy will be the most you can afford based on a financial assessment. Then, if your financial circumstances improve, you can buy further shares as and when it is appropriate to you, and in most cases you can own your home outright. Contact us today to confirm your eligibility.

Local area information

The village of Tamerton Foliot is located on the north-westerly side of Plymouth and remains an authentic village yet located within striking distance of the amenities and business parks of Plymouth City. Within the village there are two pubs, a local store with post office and doctors surgery. There are plenty of walks nearby into open countryside, and regular bus routes linking the village to the city.

Status Plot No. Floor Beds Min share price Eligibility
Available 8 2 Storey 2 £47,875 View details
Available 50 2 Storey 2 £47,875 View details
Available 49 2 Storey 2 £77,600 View details
Available 51 2 Storey 2 £77,600 View details
Available 47 2 Storey 2 £78,000 View details
Available 48 2 Storey 2 £78,000 View details
Available 19 3 Storey 3 £89,600 View details
Available 20 3 Storey 3 £89,600 View details
Available 21 3 Storey 3 £89,600 View details
Available 22 3 Storey 3 £89,600 View details
Available 24 3 Storey 3 £89,600 View details
Reserved 9 2 Storey 2 £78,600 View details
View More

FAQ's

Min share price from: £47,875 for a 25% share
Full price from: £191,500
Minimum deposit from: £3,830
Monthly rent from: £306
Bedrooms: 2
Bathrooms: 1

There are 11 available ranging from £47,875 for a 25% share to £89,600 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.

It all depends on your lease (your contract with the housing association) so check it thoroughly and ask questions before you buy.
Illustration by: James Halsall

Register Interest

Register your interest to be contacted by a housing provider. You will need to provide basic eligibility criteria during the register interest process.

Copleston Heights

2 - 3 bedroom homes in Saddlers Way, Plymouth, Plymouth City, PL6 6FP

Tenure Shared ownership
What is Shared Ownership?
Availability Available
Min share price from £76,600 for 40% share
Full price from £191,500
Min deposit from £3,830
Monthly rent from £246
Bedrooms 2-3
Bathrooms 1
Parking 2

Shared Ownership is a type of affordable home ownership when a purchaser takes out a mortgage on a share of a property and pays rent to a landlord on the remaining share.

For example, someone might buy a 50 per cent share in a property and pay rent to the landlord on the remaining 50 per cent. Purchasers then have the opportunity to ‘staircase’ up their share of the property, gradually increasing the proportion of their home that they own outright and therefore paying less rent on the remaining portion, until they own 100 per cent of their home.

Location

Housing Provider

Trusted by

Southern Complete Moves Mayor or London National Housing Federation Moat Homes