2 bedroom terraced house for sale

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.