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This brand new home at Newlands Meadows is available from just £106,000 for a 40% share, offering an affordable way to step onto the property ladder.

Shared ownership can be a really useful stepping stone onto the property ladder in the UK—especially for buyers who are struggling with high deposits or affordability.

Here’s a clear breakdown of the main benefits:

🏡 Lower Deposit & Entry Cost
You only buy a share of the property (from as little as 40%)
Your deposit is based on that share, not the full value
👉 Much more accessible than buying outright!

💷 More Affordable Monthly Costs
You pay:
Mortgage on your share
Rent on the remaining share (to the housing provider)
Often works out cheaper than full ownership

📈 Ability to “Staircase”
You can gradually buy more shares over time (this is called staircasing)
Eventually, you may own 100% of the property
👉 Gives flexibility as your income grows

🔒 Security Compared to Renting
You’re a homeowner (not just a tenant)
Longer-term stability vs private renting

👍 Who It’s Best For
First-time buyers
People with steady income but smaller deposit
Buyers priced out of full ownership locally
Downsizers

This attractive end-of-terrace home, built to the ‘Wareham’ design, offers:

Spacious lounge/diner to the rear

Separate modern kitchen

Ground floor cloakroom

Two double bedrooms

Family bathroom

Enclosed rear garden

Allocated parking for two cars

Pricing & Affordability:

Full Market Value: £260,000

45% Share: £117,000 (rent £268.12 pcm)

65% Share: £169,000 (rent £208.54 pcm)

75% Share: £195,000 (rent £148.96 pcm)

Minimum 5% mortgage deposit (based on 40% share): £5,200

Approximate service charge: £76.75 pcm*

990-year lease

Council Tax Band: TBC

What is Shared Ownership?

Shared Ownership is designed to help first-time buyers and those who do not currently own a home purchase a share of a new-build or resale leasehold property. You buy a share using a mortgage and pay rent on the remaining share to a housing association.

At Newlands Meadows, shares start from 45% (up to a maximum of 75% initially). Over time, you can purchase additional shares — known as staircasing — until you own 100% of your home.

Eligibility Criteria:

To qualify for Shared Ownership, you must:

Have a household income of £80,000 or less per year

Have at least a 5% deposit of the share value

Not own another property (in the UK or abroad)

Use the property as your only residence

Be a permanent UK resident or have indefinite leave to remain

Please note: The minimum share you can purchase may vary depending on your financial circumstances, and you may be required to buy a larger share if affordable.

*Service charges are estimated and subject to change. Rent and service charges are reviewed annually by the housing provider, typically on 1st April each year.