Shared Ownership Properties For Sale in Melin-y-Coed, Conwy 🏡

It's an excellent option that opens up homes in desirable areas that would otherwise be out of most people's price ranges. I came across a really nice development of Melin-y-Coed shared ownership flats just outside of Llandudno that seem ideal. Melin-y-Coed properties are modern one and two bedroom apartments in a brand new building. Best of all, transport links are excellent with a mainline train station just 10 minutes walk away with direct connections into Llandudno. What really stood out to me was the affordability. For a 25% share of a one-bed, the purchase price is only value. Then your rent on the remaining 75% works out to just £400 a month. When you compare that to average private rents in the area, you're essentially paying mortgage payments at rental rates. And over time, you have the option to staircase by purchasing additional shares of the property in increments of around 10%. The goal would be eventually owning it outright. It's definitely worth seeing if you qualify for a shared ownership home. Eligibility is based on local income levels but most first time buyers should be able to. The process is generally quicker and easier than a traditional mortgage too. If putting down roots near Llandudno is a goal of yours, I'd get in touch with the developer. With competitive pricing and excellent transport links, these apartments could be the perfect way to achieve your Melin-y-Coed property dreams.