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)

The Avenue at Marham Park, 2-3 bed homes


Off Mildenhall Road, Fornham All Saints, Bury St Edmunds, West Suffolk, IP28 6JS

Videos, 3D tours


Shared ownership

Starting prices

35% share from
£112,875
Full price
£322,500
Minimum deposit
£5,644
Monthly rent
£480
Monthly service charge
£60

Overview

Reserve for just £125* – offer available until 31st October 2020

Reserve your dream home with Shared Ownership for less – simply contact Clarion Housing today and find out how easy it is.

*Fee reduced from £500. Offer available until 31st October 2020 and applies to all Shared Ownership purchases with Clarion Housing. If the property does not exchange within 42 days of the reservation fee being taken then the full £500 reservation fee will be required. Full T&Cs available on request.

 

About The Avenue at Marham Park

Exciting development of new homes on the outskirts of Bury St Edmunds

Located in picturesque Suffolk countryside, The Avenue at Marham Park is an exciting development of new homes on the outskirts of Bury St Edmunds, offering excellent transport links and a great quality of life.

The Avenue at Marham Park is a new community in a village environment, close to the town of Bury St Edmunds. Bloor Homes is proud to be building a mix of two, three and four bedroom properties ideal for growing families and downsizers. The community will eventually comprise over 1,000 homes, as well as a new village square, retail units, health and leisure facilities, and allotments.

Not only will this fully integrated new community have a vibrant local centre, it will also be home to substantial amounts of open space across its 200 acre span, including play and exercise areas, and walking and cycle routes to encourage a healthy lifestyle.

To register your interest or for any other enquiries please contact the Customer Service Team – Sales 

Please note:

All images displayed throughout are examples of previous Clarion developments and are not indicative of the specification at this development and may not correspond exactly to the available properties described.

These prices are to be used as a guideline only as they may change.


Local area information

Just two miles south of The Avenue at Marham Park is the historic market town of Bury St Edmunds - "the jewel in the crown of Suffolk". The town centre offers a comprehensive mix of shops, eateries, attractions and leisure facilities. The contemporary Arc shopping centre features several high street retailers, including a Debenhams department store, as well as the modern event venue The Apex. The town also boasts two cinemas, Theatre Royal and beautiful Abbey Gardens.

With the A14 and Bury St Edmunds bus and train stations nearby - offering direct links to Cambridge, Newmarket and Ipswich - The Avenue at Marham Park is an ideal location for commuters in both Suffolk and Cambridgeshire.


Plot availability

Plot number 297
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 35%
Minimum share price £112,875
Full market price £322,500
Monthly rent £480
Monthly service charge £60
Ownership Leasehold
Plot number 298
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 35%
Minimum share price £112,875
Full market price £322,500
Monthly rent £480
Monthly service charge £60
Ownership Leasehold
Plot number 296
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 35%
Minimum share price £115,500
Full market price £330,000
Monthly rent £492
Monthly service charge £60
Ownership Leasehold
Plot number 299
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 35%
Minimum share price £115,500
Full market price £330,000
Monthly rent £492
Monthly service charge £60
Ownership Leasehold

FAQ's

Min share price from: £112,875 for a 35% share
Full price from: £322,500
Minimum deposit from: £5,644
Monthly rent from: £480
Bedrooms: 3
Bathrooms: 1

There are 4 available ranging from £112,875 for a 35% share to £115,500 for a 35% 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

Clarion
Shared ownership

Starting prices

35% share from
£112,875
Full price
£322,500
Minimum deposit
£5,644
Monthly rent
£480
Monthly service charge
£60