Shared Ownership Properties For Sale in Gurnard, Isle of Wight 🏡

There are several attractive Gurnard shared ownership developments popping up across Portsmouth right now. One option I came across is a lovely Gurnard new build complex located just outside of Portsmouth. These two bedroom townhouses are ideal for first time buyers or growing families. You can purchase an initial 50% share of the property for around value. That gives you a mortgage that's much more manageable than trying to purchase the full property amount outright Portsmouth. Then you pay a low rental rate on the remaining 50% share still owned by the housing association. Even better, the housing association has committed to allowing residents to staircase up to full ownership within 5-10 years, increasing their share by around 10% each time. So within a decade, this could fully be your property. The location is fantastic, with quick commuter links into Portsmouth and a new retail development planned next door. the service charges are very reasonable and include building insurance and exterior property maintenance. If the Gurnard area isn't quite right for you, there are shared ownership options popping up all across Portsmouth. It's definitely worth exploring if you've been saving diligently for a deposit but home prices still seem out of reach. Gurnard Shared ownership could be your chance to finally have a place to call your own.