Shared Ownership Properties For Sale in Napsbury, St Albans 🏡

It's a great way for first time buyers or those on modest incomes to get a foot on the property ladder. I came across several attractive shared ownership developments while browsing the other day. Shared ownership could be the solution you've been looking for. With this scheme, you purchase an initial share of the property, typically between 25-75%, and pay rent on the remaining share owned by a housing association. One that caught my eye was a new build complex in St Albans with two bedroom terraced homes starting for a 50% share. That works out to monthly mortgage payments of around £500 plus a small rental payment on the remaining 50% stake. Napsbury homes themselves are beautifully finished with modern kitchens, good sized bedrooms and parking. Being a new build, you won’t have to worry about expensive repairs either. Another option worth looking at is a converted mill building near offering one and two bedroom apartments. Purchasing a 25% share here would mean a starting price. Best of all, the property is located right in the city centre so you be steps away from shops, restaurants and transport links. No need for a car with everything on your doorstep. Napsbury housing association also has plans to add a gym and communal lounge space for residents. Both of these shared ownership developments seemed like such promising opportunities for first timers or growing families. With prices much lower than outright purchases, it finally makes the dream of home ownership achievable. I’d recommend exploring shared ownership listings in your preferred areas if you are struggling to save that all important deposit alone. A smaller initial investment could be all you need to get a foot in the property ladder.