I came across several attractive Hermon shared ownership developments while browsing Rightmove the other day. One that caught my eye was a new build complex just outside of Llandudno. They've got two bedroom terraced houses and apartments available with initial shares starting at just 40% of the full market value. Doing the math, that works out to around value to get yourself moved in. Not bad at all compared to the average Hermon house price in the area What I really liked about this particular development is the focus on community. They're building a shared garden space, kids play area, and even an on site gym. Residents can really get to know their neighbors. And being so close to Hermon means excellent transport links for work while still feeling like you've got space to spread out. Down the line, you can also staircase by purchasing additional shares until you fully own your home. Hermon shared ownership seems like a very affordable step on the ladder. If the idea of reduced rent payments while investing in real estate appeals to you, I'd definitely recommend considering shared ownership programs in your search. Let me know if you need a referral to any particular schemes I'm happy to point you towards options in your preferred area.
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