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 Oaks, 1-3 bed homes


Raddlebarn Road, Selly Oak, Birmingham, Birmingham City, B29 6GJ

Shared ownership

Starting prices

25% share from
£40,000
Full price
£160,000
Minimum deposit
£2,000
Monthly rent
£275
Monthly service charge
£94

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 Oaks

"Last Few Remaining"

A new development of two and three bedroom homes, and one and two bedroom apartments available for Shared Ownership, located in the heart of a vibrant new redevelopment.

The Oaks is surrounded by both woodland and the Worcester and Birmingham Canal – the perfect contemporary village setting.

The Oaks, is only 100m away from Selly Oaks High Street, providing a pharmacy, post office, village convenience store, boutique shops and regular farmers market. Close by you can relax and enjoy the greenery of Selly Oak Park and the historic buildings within the area. Approximately seven miles north is central Birmingham, home to a plethora of activities including shopping at the infamous Bullring, theatres, cinemas, museums and more!

Key Features:

- Contemporary living the within picturesque landscape of Kings Norton.
- Choice of local shopping and amenities.
- Around seven miles from Birmingham city centre.

Transport:

- The Oaks is situated less than four miles from the A38, and 25 minutes from junction 2 of the M42.
- Less than two miles from King’s Norton railway station, services into the city centre run.
- Every 10 minutes at peak times with a journey time of only 15 minutes. Birmingham airport is only 11 miles away.

Education:

- There is plenty of choice for schools to accommodate children of all ages. From Primary Schools to Sixth Form Colleges in the King’s Norton area.
- Birmingham City provides a variety of Universities including: Aston University, University of Birmingham and University College Birmingham.

For further information or to register your interest, please contact the Customer Service Team – Sales as soon as possible 

For further details on Shared Ownership please visit myclarionhousing.com/sharedownership

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 Oaks is surrounded by both woodland and the Worcester and Birmingham Canal – the perfect contemporary village setting.


Plot availability

Plot number 121
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 25%
Minimum share price £40,000
Full market price £160,000
Monthly rent £275
Monthly service charge £94
Ownership Leasehold
Plot number 123
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 25%
Minimum share price £40,000
Full market price £160,000
Monthly rent £275
Monthly service charge £94
Ownership Leasehold
Plot number 124
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 25%
Minimum share price £40,000
Full market price £160,000
Monthly rent £275
Monthly service charge £94
Ownership Leasehold
Plot number 126
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 25%
Minimum share price £40,000
Full market price £160,000
Monthly rent £275
Monthly service charge £94
Ownership Leasehold
Plot number 129
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 25%
Minimum share price £41,250
Full market price £165,000
Monthly rent £284
Monthly service charge £94
Ownership Leasehold
Plot number 130
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 25%
Minimum share price £42,500
Full market price £170,000
Monthly rent £292
Monthly service charge £94
Ownership Leasehold
Plot number 498
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 30%
Minimum share price £70,500
Full market price £235,000
Monthly rent £377
Monthly service charge £32
Ownership Leasehold
Plot number 501
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 30%
Minimum share price £70,500
Full market price £235,000
Monthly rent £377
Monthly service charge £32
Ownership Leasehold
Plot number 497
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 30%
Minimum share price £71,250
Full market price £237,500
Monthly rent £381
Monthly service charge £32
Ownership Leasehold
Plot number 499
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 30%
Minimum share price £71,250
Full market price £237,500
Monthly rent £381
Monthly service charge £32
Ownership Leasehold
Plot number 500
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 30%
Minimum share price £71,250
Full market price £237,500
Monthly rent £381
Monthly service charge £32
Ownership Leasehold
Plot number 502
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 30%
Minimum share price £71,250
Full market price £237,500
Monthly rent £381
Monthly service charge £32
Ownership Leasehold

FAQ's

Min share price from: £40,000 for a 25% share
Full price from: £160,000
Minimum deposit from: £2,000
Monthly rent from: £275
Bedrooms: 2
Bathrooms: 1

There are 12 available ranging from £40,000 for a 25% share to £71,250 for a 30% 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

25% share from
£40,000
Full price
£160,000
Minimum deposit
£2,000
Monthly rent
£275
Monthly service charge
£94