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 Heath at Marham Park, 2-4 bed homes


Off Mildenhall Road, Bury St Edmunds, West Suffolk, IP28 6JZ

Videos, 3D tours


Shared ownership

Starting prices

40% share from
£97,020
Full price
£242,550
Minimum deposit
£4,851
Monthly rent
£334
Monthly service charge
£87

Overview

Get moving with our incentives!

If moving home is still in your plan for 2020 we’ll do all we can to make it happen. Reserve your home by the end of October 2020 and Clarion Housing will pay the rental share and service charge on your new home at The Heath, Marham Park for the first 12 months* saving you up to £5,192.94^! We’ve also reduced our reservation deposit to just £125*! Don’t miss out on this limited-time offer - talk to us today.

*Please speak to Clarion Housing’s sales team about full Terms & Conditions that apply 

^Applicable to 61 Merchant Avenue, Bury St Edmunds

 

About The Heath at Marham Park

Located in picturesque Suffolk countryside, The Heath 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 Heath 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.

Just two miles south of The Heath 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 Heath at Marham Park is an ideal location for commuters in both Suffolk and Cambridgeshire.

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

The Heath 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.


Plot availability

Plot number 49
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 40%
Minimum share price £97,020
Full market price £242,550
Monthly rent £334
Monthly service charge £87
Ownership Leasehold
Plot number 62
Tenure Shared ownership
Availability Available
Bathrooms 2
Minimum share 40%
Minimum share price £152,000
Full market price £380,000
Monthly rent £523
Monthly service charge £26
Ownership Leasehold

FAQ's

Min share price from: £97,020 for a 40% share
Full price from: £242,550
Minimum deposit from: £4,851
Monthly rent from: £334
Bedrooms: 2
Bathrooms: 1

There are 2 available ranging from £97,020 for a 40% share to £152,000 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.

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

40% share from
£97,020
Full price
£242,550
Minimum deposit
£4,851
Monthly rent
£334
Monthly service charge
£87