What are the different types of Shared Ownership homes?
Shared Ownership is a great way to get on the property ladder, but there’s sometimes confusion around the variety of Shared Ownership properties available. Here’s what you need to know.
Is Shared Ownership only for flats? Definitely not! There’s a myth that your only option is a Shared Ownership flat in a busy city. You may be surprised to know that Shared Ownership homes come in all shapes and sizes, with new developments launching across the UK.
To give you a better idea of what kinds of Shared Ownership homes are available, we’ve outlined some of the most popular property types along with who they might appeal to most. But don’t worry; whether you’re looking to buy a Shared Ownership home for a family or move in as a single working professional, you’ll be sure to find a suitable home in a city or town near you.
Shared Ownership apartments
Why choose an apartment?
- Perfect for first-time buyers
- Typically located in bustling urban centres
- More opportunities for socialising
A Shared Ownership apartment can be a popular choice for young couples looking to get on the property ladder. These homes are typically located in busy city centres and urban areas, making them ideal for Shared Ownership buyers who want easy access to local amenities.
An apartment can also open up great opportunities to meet your neighbours, as you’ll often be passing them in common areas on the way to and from your new home. They’re also one of the most secure Shared Ownership homes, thanks to built-in security features like CCTV.
East River Wharf
The Acer Apartments
Perry Barr Village
Shared Ownership houses
Why choose a house?
- Perfect for growing families
- Lots of green, outdoor space
- Typically located close to public transport
Shared Ownership houses often benefit from the peace and quiet of suburban or countryside living, while also being conveniently close to town centres. This best-of-both-worlds scenario makes them a popular choice for growing families, with plenty of safe, green space for kids to play. You’ll also find that most houses come in a range of sizes with one, two, or three bedrooms. This makes them ideal for any kind of budget.
Houses are also typically located close to schools and public transportation, so even if you’re not living in the middle of a city, you’ll still easily be able to get where you need to go.
Sampson Green
Benson Grange
Millwright Place
Shared Ownership bungalows
Why choose a bungalow?
- Perfect for older buyers
- Less maintenance than a house
- Quieter neighbourhoods than flats or apartments
Shared Ownership bungalows represent the perfect middle ground between a house and an apartment. They’re typically cheaper than a two- or three-bedroom family home, and yet still have the privacy and quieter surroundings than you may find in the middle of a busy city.
Because they only have one floor, bungalows also require less upkeep than a two-story house (no need to hoover the stairs!). The lack of stairs also makes them safer for either families with young children, or older residents who have downsized due to a change in lifestyle.
What are the different types of Shared Ownership home?
Shared Ownership homes come in all shapes and sizes. Our developments are mainly comprised of apartments, houses, and bungalows. These often contain 1-, 2-, 3-, and even 4-bedroom properties, perfect for working professionals or growing families looking for more space.
If you’d like to browse for yourself, visit our available properties page and filter by the property type, number of beds, and price range that you’re looking for.
Is Shared Ownership only for flats?
No, Shared Ownership covers much more than just flats. This is a very common myth as Shared Ownership is often associated with busy city living, but you’ll find our developments all across the country, including quiet, family-centric neighbourhoods that are perfect for peaceful countryside living or commuting into larger cities.
Can you buy a Shared Ownership home for a family?
Yes, Shared Ownership homes are perfect for growing families who are looking for a little more room with the arrival of new children.
Anybody who meets our eligibility criteria is able to purchase a Shared Ownership home, but if you’re unsure whether your circumstances meet the criteria, please speak to our friendly team, who can advise you on the best options for you.
Get on the property ladder with Shared Ownership
No matter the type of Shared Ownership home you’re looking for, you’ll be sure to find a property that matches your must-haves and preferences. Make sure to check out our Affordability Calculator to get an idea of what you could afford, and then browse our available properties to see what’s out there for you.
If you need any further information about the Shared Ownership model, don’t hesitate to reach out to our friendly team who are here to help, or check out our comprehensive HOME Hub to find answers to your questions.