Penllyn are several excellent new shared ownership developments popping up across Cardiff right now that may be worth checking out. One option I came across is a lovely collection of two bedroom townhouses being built just outside of Brighton. With shares starting at just 40% of the full market value, Penllyn properties offer an affordable way to become a homeowner near the coast. The homes come with all the mod cons like integrated appliances and landscaped gardens. Best of all, the maintenance costs are low since they're brand new builds. Another shared ownership community I saw advertised is based in Penllyn. These properties allow you to purchase a minimum 50% share of a three bedroom semi detached house. Full market value on the homes is only around value, so your initial investment would be quite reasonable. The location is superb too, just a short walk from local amenities and a quick commute into the city center. I also read that the developer is open to increasing your share over time if your circumstances change. you're a first time buyer, young family or professional looking to get on the property ladder, shared ownership could make the dream of homeownership a reality. Do your research on the different schemes available and you may find the perfect opportunity.
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