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 Spinneys, 2-4 bed homes


Cawston Grange, Rugby, Rugby, CV22 7RJ

Videos, 3D tours


Shared ownership

Starting prices

35% share from
£75,250
Full price
£215,000
Minimum deposit
£3,763
Monthly rent
£320
Monthly service charge
£39

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 Spinney

Available now for reservations - collection of two, three and four bedroom homes located in the quiet suburb of Cawston.

The Spinney will give you everything you and your family need. With easy access to local amenities, leisure facilities, doctors surgery and schools, you can take advantage of living in this charming location.

Surrounded by natural beauty, The Spinneys is a short drive to Brandon Marsh, an idyllic nature reserve, which is home to a number of walking trails and local wildlife.

For those who are enjoy staying active, Bilton Bowling Club, Whitefields Golf Course and Rugby School Sports Centre are all only a short distance away.

Education

There are schools and colleges available for all age groups including: Cawston Grange Primary, Henry Hinde Junior School, Rugby School, Bilston School Maths and Computing College and Warwickshire College.

Transport

Cawston Grange is 2miles from the M45 motorway, 2.5miles from Rugby town centre and 4miles from Rugby Railway station, which provides direct access into Birmingham (35 minutes) and London Euston (51 minutes).

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

Please note:

All images displayed throughout are indicative only 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 Spinney will give you everything you and your family need. With easy access to local amenities, leisure facilities, doctors surgery and schools, you can take advantage of living in this charming location.


Plot availability

Plot number 226
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 35%
Minimum share price £75,250
Full market price £215,000
Monthly rent £320
Monthly service charge £39
Ownership Leasehold
Plot number 132
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 35%
Minimum share price £91,000
Full market price £260,000
Monthly rent £387
Monthly service charge £44
Ownership Leasehold
Plot number 88
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 35%
Minimum share price £91,000
Full market price £260,000
Monthly rent £387
Monthly service charge £44
Ownership Leasehold
Plot number 170
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 35%
Minimum share price £91,000
Full market price £260,000
Monthly rent £387
Monthly service charge £44
Ownership Leasehold
Plot number 176
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 35%
Minimum share price £92,750
Full market price £265,000
Monthly rent £395
Monthly service charge £44
Ownership Leasehold
Plot number 177
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 35%
Minimum share price £92,750
Full market price £265,000
Monthly rent £395
Monthly service charge £44
Ownership Leasehold

FAQ's

Min share price from: £75,250 for a 35% share
Full price from: £215,000
Minimum deposit from: £3,763
Monthly rent from: £320
Bedrooms: 2
Bathrooms: 1

There are 6 available ranging from £75,250 for a 35% share to £92,750 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
£75,250
Full price
£215,000
Minimum deposit
£3,763
Monthly rent
£320
Monthly service charge
£39