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%.

Valeria Bay


Cockreed Lane, New Romney, Folkestone and Hythe, TN28 8TW

Shared ownership
2-3 bedroom homes
30% share from
£69,000
Full price
£230,000
Minimum deposit
£3,450
Monthly rent
£369
Monthly service charge
£23

Overview

Moat is pleased to release details of these two and three bedroom houses for shared ownership in New Romney.

These homes are available to reserve off plan now and will be ready to move into from winter 2019. 

Built by prestigious developer, Pentland Homes, the houses will feature everything that you could need for modern living:

- Fully fitted Symphony Plaza range kitchen in porcelain with light grey laminate worktop.
- Integrated Electrolux Zanussi kitchen appliances, including stainless steel oven, gas hob and extractor hood, stainless steel splashback, fridge freezer and washing machine.
- Fully fitted bathroom with shower, shower screen and chrome heated towel rail.
- Vinyl flooring to all wet areas. Carpet to remaining areas.
- Rear gardens.
- Downstairs WC.
- En-suite to master bedroom*
- Two allocated parking spaces.
- Sky Q enabled TV wiring system pre-installed.
- Fibre broadband infrastructure equipment pre-installed.
- Gas central heating.
- 2 year NHBC warranty.
*Three bedroom houses only.


Local area information

Situated in the heart of Mulberry Place, Valeria Bay provides a slice of the idyllic coastal lifestyle whilst being in reach of excellent amenities and transport links.


Plot availability

Plot number 280
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 30%
Minimum share price £69,000
Full market price £230,000
Monthly rent £369
Monthly service charge £23
  • Fully fitted Symphony Plaza range kitchen in porcelain with light grey laminate worktop.
  • Integrated Electrolux Zanussi kitchen appliances, including stainless steel oven, gas hob and extractor hood, stainless steel splashback, fridge freezer and washing machine.
  • Fully fitted bathroom with shower, shower screen and chrome heated towel rail.
  • Novilon vinyl flooring to all wet areas. Carpet to remaining areas.
  • Rear gardens.
  • Downstairs WC.
  • En-suite to master bedroom*
  • Two allocated parking spaces.
  • Sky Q enabled TV wiring system pre-installed.
  • Fibre broadband infrastructure equipment pre-installed.
  • Gas central heating.
  • 12 year NHBC warranty.

*Three bedroom houses only.

Plot number 284
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 30%
Minimum share price £72,000
Full market price £240,000
Monthly rent £385
Monthly service charge £23
  • Fully fitted Symphony Plaza range kitchen in porcelain with light grey laminate worktop.
  • Integrated Electrolux Zanussi kitchen appliances, including stainless steel oven, gas hob and extractor hood, stainless steel splashback, fridge freezer and washing machine.
  • Fully fitted bathroom with shower, shower screen and chrome heated towel rail.
  • Novilon vinyl flooring to all wet areas. Carpet to remaining areas.
  • Rear gardens.
  • Downstairs WC.
  • En-suite to master bedroom*
  • Two allocated parking spaces.
  • Sky Q enabled TV wiring system pre-installed.
  • Fibre broadband infrastructure equipment pre-installed.
  • Gas central heating.
  • 12 year NHBC warranty.

*Three bedroom houses only.

Plot number 301
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 30%
Minimum share price £73,000
Full market price £245,000
Monthly rent £393
Monthly service charge £23
  • Fully fitted Symphony Plaza range kitchen in porcelain with light grey laminate worktop.
  • Integrated Electrolux Zanussi kitchen appliances, including stainless steel oven, gas hob and extractor hood, stainless steel splashback, fridge freezer and washing machine.
  • Fully fitted bathroom with shower, shower screen and chrome heated towel rail.
  • Novilon vinyl flooring to all wet areas. Carpet to remaining areas.
  • Rear gardens.
  • Downstairs WC.
  • En-suite to master bedroom*
  • Two allocated parking spaces.
  • Sky Q enabled TV wiring system pre-installed.
  • Fibre broadband infrastructure equipment pre-installed.
  • Gas central heating.
  • 12 year NHBC warranty.

*Three bedroom houses only.

Plot number 296
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 30%
Minimum share price £73,500
Full market price £245,000
Monthly rent £393
Monthly service charge £37
  • Fully fitted Symphony Plaza range kitchen in porcelain with light grey laminate worktop.
  • Integrated Electrolux Zanussi kitchen appliances, including stainless steel oven, gas hob and extractor hood, stainless steel splashback, fridge freezer and washing machine.
  • Fully fitted bathroom with shower, shower screen and chrome heated towel rail.
  • Novilon vinyl flooring to all wet areas. Carpet to remaining areas.
  • Rear gardens.
  • Downstairs WC.
  • En-suite to master bedroom*
  • Two allocated parking spaces.
  • Sky Q enabled TV wiring system pre-installed.
  • Fibre broadband infrastructure equipment pre-installed.
  • Gas central heating.
  • 12 year NHBC warranty.

*Three bedroom houses only.

Plot number 294
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 30%
Minimum share price £73,500
Full market price £245,000
Monthly rent £393
Monthly service charge £23
  • Fully fitted Symphony Plaza range kitchen in porcelain with light grey laminate worktop.
  • Integrated Electrolux Zanussi kitchen appliances, including stainless steel oven, gas hob and extractor hood, stainless steel splashback, fridge freezer and washing machine.
  • Fully fitted bathroom with shower, shower screen and chrome heated towel rail.
  • Novilon vinyl flooring to all wet areas. Carpet to remaining areas.
  • Rear gardens.
  • Downstairs WC.
  • En-suite to master bedroom*
  • Two allocated parking spaces.
  • Sky Q enabled TV wiring system pre-installed.
  • Fibre broadband infrastructure equipment pre-installed.
  • Gas central heating.
  • 12 year NHBC warranty.

*Three bedroom houses only.

Plot number 283
Tenure Shared ownership
Availability Available
Bathrooms 2
Minimum share 30%
Minimum share price £78,000
Full market price £260,000
Monthly rent £417
Monthly service charge £38
  • Fully fitted Symphony Plaza range kitchen in porcelain with light grey laminate worktop.
  • Integrated Electrolux Zanussi kitchen appliances, including stainless steel oven, gas hob and extractor hood, stainless steel splashback, fridge freezer and washing machine.
  • Fully fitted bathroom with shower, shower screen and chrome heated towel rail.
  • Novilon vinyl flooring to all wet areas. Carpet to remaining areas.
  • Rear gardens.
  • Downstairs WC.
  • En-suite to master bedroom*
  • Two allocated parking spaces.
  • Sky Q enabled TV wiring system pre-installed.
  • Fibre broadband infrastructure equipment pre-installed.
  • Gas central heating.
  • 12 year NHBC warranty.

*Three bedroom houses only.

Plot number 287
Tenure Shared ownership
Availability Available
Bathrooms 2
Minimum share 30%
Minimum share price £78,000
Full market price £260,000
Monthly rent £417
Monthly service charge £23
  • Fully fitted Symphony Plaza range kitchen in porcelain with light grey laminate worktop.
  • Integrated Electrolux Zanussi kitchen appliances, including stainless steel oven, gas hob and extractor hood, stainless steel splashback, fridge freezer and washing machine.
  • Fully fitted bathroom with shower, shower screen and chrome heated towel rail.
  • Novilon vinyl flooring to all wet areas. Carpet to remaining areas.
  • Rear gardens.
  • Downstairs WC.
  • En-suite to master bedroom*
  • Two allocated parking spaces.
  • Sky Q enabled TV wiring system pre-installed.
  • Fibre broadband infrastructure equipment pre-installed.
  • Gas central heating.
  • 12 year NHBC warranty.

*Three bedroom houses only.

Plot number 308
Tenure Shared ownership
Availability Available
Bathrooms 2
Minimum share 30%
Minimum share price £90,000
Full market price £300,000
Monthly rent £481
Monthly service charge £23
  • Fully fitted Symphony Plaza range kitchen in porcelain with light grey laminate worktop.
  • Integrated Electrolux Zanussi kitchen appliances, including stainless steel oven, gas hob and extractor hood, stainless steel splashback, fridge freezer and washing machine.
  • Fully fitted bathroom with shower, shower screen and chrome heated towel rail.
  • Novilon vinyl flooring to all wet areas. Carpet to remaining areas.
  • Rear gardens.
  • Downstairs WC.
  • En-suite to master bedroom*
  • Two allocated parking spaces.
  • Sky Q enabled TV wiring system pre-installed.
  • Fibre broadband infrastructure equipment pre-installed.
  • Gas central heating.
  • 12 year NHBC warranty.

*Three bedroom houses only.

Plot number 307
Tenure Shared ownership
Availability Available
Bathrooms 2
Minimum share 30%
Minimum share price £93,000
Full market price £310,000
Monthly rent £497
Monthly service charge £43
  • Fully fitted Symphony Plaza range kitchen in porcelain with light grey laminate worktop.
  • Integrated Electrolux Zanussi kitchen appliances, including stainless steel oven, gas hob and extractor hood, stainless steel splashback, fridge freezer and washing machine.
  • Fully fitted bathroom with shower, shower screen and chrome heated towel rail.
  • Novilon vinyl flooring to all wet areas. Carpet to remaining areas.
  • Rear gardens.
  • Downstairs WC.
  • En-suite to master bedroom*
  • Two allocated parking spaces.
  • Sky Q enabled TV wiring system pre-installed.
  • Fibre broadband infrastructure equipment pre-installed.
  • Gas central heating.
  • 12 year NHBC warranty.

*Three bedroom houses only.

Plot number 279
Tenure Shared ownership
Availability Available
Bathrooms 2
Minimum share 30%
Minimum share price £93,000
Full market price £310,000
Monthly rent £497
Monthly service charge £23
  • Fully fitted Symphony Plaza range kitchen in porcelain with light grey laminate worktop.
  • Integrated Electrolux Zanussi kitchen appliances, including stainless steel oven, gas hob and extractor hood, stainless steel splashback, fridge freezer and washing machine.
  • Fully fitted bathroom with shower, shower screen and chrome heated towel rail.
  • Novilon vinyl flooring to all wet areas. Carpet to remaining areas.
  • Rear gardens.
  • Downstairs WC.
  • En-suite to master bedroom*
  • Two allocated parking spaces.
  • Sky Q enabled TV wiring system pre-installed.
  • Fibre broadband infrastructure equipment pre-installed.
  • Gas central heating.
  • 12 year NHBC warranty.

*Three bedroom houses only.


FAQ's

Min share price from: £69,000 for a 30% share
Full price from: £230,000
Minimum deposit from: £3,450
Monthly rent from: £369
Bedrooms: 2
Bathrooms: 1

There are 17 available ranging from £69,000 for a 30% share to £93,000 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.

Yes, but it all depends on your lease (your contract with the housing association) so check it thoroughly and ask questions before you buy.

Housing Provider

Moat
Shared ownership
2-3 bedroom homes
30% share from
£69,000
Full price
£230,000
Minimum deposit
£3,450
Monthly rent
£369
Monthly service charge
£23