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)

Virido, 1-3 bed homes


Foster Rd, Cambridge, Cambridge City, CB2 9JP

Shared ownership

Starting prices

25% share from
£72,500
Full price
£290,000
Minimum deposit
£4,350

Overview

VIRIDO is a new development built by award-winning house builders Hill. This new complex of 1, 2 and 3-bed apartments, duplexes and houses are available through shared ownership in Cambridge and have just been awarded the London ECO-Living award at the London Evening Standard new homes award on May 2017. 


Local area information

The grounds around VIRIDO are a hive of activity offering - Hobsons Square - bringing community facilities such as a new community health centre / library / shops and offices. The square will also promote a transport hub, space for food markets and musical events. Country Park - A 120-acre country park, offering woodlands, a bird reserve, 4 ponds, allotments, playing fields and is home to the new secondary school.


Plot availability

Plot number 7 Fowler
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 30%
Minimum share price £87,000
Full market price £290,000
Monthly rent £465
Monthly service charge £123
Plot number 28 Dobson
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 30%
Minimum share price £111,000
Full market price £370,000
Monthly rent £594
Monthly service charge £117
Plot number 30 Dobson
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 30%
Minimum share price £111,000
Full market price £370,000
Monthly rent £594
Monthly service charge £117
Plot number 21 Fowler
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 30%
Minimum share price £111,000
Full market price £370,000
Monthly rent £594
Monthly service charge £123
Plot number 42 Dobson
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 30%
Minimum share price £111,000
Full market price £370,000
Monthly rent £594
Monthly service charge £117
Plot number 44 Dobson
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 30%
Minimum share price £111,000
Full market price £370,000
Monthly rent £594
Monthly service charge £117
Plot number 34 Dobson
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 30%
Minimum share price £111,000
Full market price £370,000
Monthly rent £594
Monthly service charge £117
Plot number 36 Dobson
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 30%
Minimum share price £111,000
Full market price £370,000
Monthly rent £594
Monthly service charge £117
Plot number 38 Dobson
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 30%
Minimum share price £111,000
Full market price £370,000
Monthly rent £594
Monthly service charge £117
Plot number 40 Dobson
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 30%
Minimum share price £111,000
Full market price £370,000
Monthly rent £594
Monthly service charge £117
Plot number 11 Fowler
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 30%
Minimum share price £111,000
Full market price £370,000
Monthly rent £602
Monthly service charge £123
Plot number 15 Fowler
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 30%
Minimum share price £111,000
Full market price £370,000
Monthly rent £602
Monthly service charge £123
Plot number 23 Fowler
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 30%
Minimum share price £112,500
Full market price £375,000
Monthly rent £602
Monthly service charge £123
Plot number 17 Fowler
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 30%
Minimum share price £112,500
Full market price £375,000
Monthly rent £602
Monthly service charge £123
Plot number 32 Dobson
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 30%
Minimum share price £124,500
Full market price £415,000
Monthly rent £666
Monthly service charge £117
Plot number 29 Dobson
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 25%
Minimum share price £122,500
Full market price £490,000
Monthly rent £842
Monthly service charge £113

FAQ's

Min share price from: £87,000 for a 30% share
Full price from: £290,000
Minimum deposit from: £4,350
Monthly rent from: £465
Bedrooms: 2
Bathrooms: 1

There are 16 available ranging from £87,000 for a 30% share to £122,500 for a 25% 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

BMAPG
Shared ownership

Starting prices

25% share from
£72,500
Full price
£290,000
Minimum deposit
£4,350