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%.

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The Warren, Studio -3 bed homes


The Warren, Hurst Green, Wokingham, BB2 7BF

Shared ownership

Starting prices

50% share from
£115,000
Full price
£230,000

Overview

The Warren is a charming development of 31 characterful new homes, set in one of the Ribble Valley’s most picturesque villages.

The development offers the opportunity to reside in a luxurious new home that perfectly complements its sought after country village setting with breathtaking views out towards Pendle Hill and glorious countryside all around. It’s the ideal base from which to fully enjoy all the delights the Ribble Valley has to offer, whether its walks along the Tolkien Trail, fine dining at Michelin starred Northcote or mountain biking through Gisburn Forest.

A range of stylish and spacious homes are available suited to a broad range of homebuyers, including 2 bedroom bungalows, 3 bedroom semi-detached homes, 2 and 3 bedroom terraced homes and 4 and 5 bedroom family homes.

Architectural details and build materials have been chosen so as to complement neighbouring housing and ensure this new arrival blends perfectly into it’s attractive setting.


Plot availability

Plot number Bungalow
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 50%
Minimum share price £130,000
Full market price £260,000
Ownership Leasehold

An attractive ivory render semi detached (Plots 12 & 13) or end of terrace bungalow (Plot 14) offering a separate lounge, dining kitchen, two double bedrooms and a large family bathroom. Outside there are landscaped gardens to the front and rear.

Plot number Mews
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 50%
Minimum share price £145,000
Full market price £290,000
Monthly rent £332

A pretty end mews style property finished in a mix of stone and ivory render providing contemporary style living accommodation comprising open plan kitchen with dining area and lounge, a ground floor wc, three bedrooms and a family bathroom. The front of the property is landscaped and at the rear there is a good size garden accessed through French doors.


FAQ's

Min share price from: £130,000 for a 50% share
Full price from: £260,000
Bedrooms: 2
Bathrooms: 1

There are 2 available ranging from £130,000 for a 50% share to £145,000 for a 50% 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

Heylo Housing
Shared ownership

Starting prices

50% share from
£115,000
Full price
£230,000