New-build three-bed on Shared Ownership — affordable entry with solar panels and garden..
50% Shared Ownership example: £172,500–£180,000 share price
Minimum 5% deposit approx. £8,625–£9,000 required
Estimated rent £395.31–£412.50 pcm on unsold share
Compact 641 sq ft, three bedrooms, one bathroom
New-build modern semi with solar panels and double glazing
Low-maintenance garden; contemporary finishes throughout
Very slow broadband; excellent mobile signal
Estimated estate charge TBC; additional legal costs likely
This new-build three-bedroom house in Foundry Park offers an affordable route onto the property ladder through Shared Ownership. Buying a 50% share of a home with contemporary finishes, solar panels and a low-maintenance garden makes monthly costs more manageable while still giving room for family living or future staircasing.
At around 641 sq ft the layout is compact and multi-storey, with one bathroom and modest room sizes—suitable for a young family or couple needing separate bedrooms rather than large reception space. Energy-efficient features and double glazing reduce running costs, and there is no flood risk for added peace of mind.
Costs to note: the advertised full market value is £345,000–£360,000 with a 50% share example of £172,500–£180,000. A minimum 5% deposit is required (about £8,625–£9,000) and estimated rent on the unsold share is £395.31–£412.50 pcm. An estate charge is to be confirmed and additional shared ownership legal fees may apply.
Practical considerations include very slow broadband in the area despite excellent mobile signal, and only one bathroom across three bedrooms. The development is in a very affluent wider area with several Good-rated primary and secondary schools nearby, making it a sensible practical step onto the ladder. A launch event for early reservations is scheduled for 4th October 2025.