About the homes

The completed development will provide 54 new homes. They will be a mix of 1, 2, 3 and 4 bedroom homes:

  • 1 x 1 bed house
  • 25 x 2 bed houses
  • 2 x 2 bed bungalows
  • 12 x 3 bed houses
  • 10 x 4 bed houses
  • 4 x 1 bed apartments

The homes will be a mix of shared ownership and affordable rent.

Shared ownership is a part-buy, part-rent scheme which enables you to buy a share of a property, subject to affordability, whilst paying a subsidised rent on the remainder.

The more of the property you own, the less rent you pay, and you can buy more shares (also known as staircasing) up to 100%, as and when you can afford it. Learn more about the scheme by reading our guide.

Cover of the shared ownership guide

Shared ownership guide

Our guide explains more about what shared ownership is and eligibility.

File Type: pdf

File Size: 2 MB

Last Updated: April 2024

Download this resource

We’ll share more details as we have them but we expect the shared ownership homes to be for sale in Spring/Summer 2027.

CGI image of a street scene with trees and a road

Learn more about Owlcotes Road