Wealden District Council’s first shared ownership scheme, at the new Woodpecker View development in Jarvis Brook, Crowborough, is now providing new homes for two local families.
The 12 affordable council homes at the development, the first completed by the Council’s own Sussex Weald Homes company, have also been fully let to local people.
“We are very excited about the public response to shared ownership, which gives people the chance to get on the housing ladder in one of the most expensive areas for home ownership in Sussex,” said Councillor Ray Cade, Cabinet member for Housing at Wealden District Council.
“Our first two shared ownership opportunities were over-subscribed, as have been the three new homes we will shortly be providing at Polegate. We are now looking at further shared-ownership opportunities in Maresfield and Horam.”
The Woodpecker View development also includes 22 homes for market sale. Interest in these properties has been strong with majority of prospective buyers coming from within 10 miles of the site. Woodpecker View was completed this year. It was built for Sussex Weald Homes by Trinity Homes. It has regenerated the former council depot in Jarvis Brook. The commercial benefit from the sale of the private homes will enable Sussex Weald Homes to continue to provide further niche developments that will create more flexibility for local people in the housing market.
Wealden’s shared ownership scheme can work out cheaper than privately renting a property, as the buyer is paying a mortgage on only part of the property, and rents the remaining share from Wealden District Council. The share of the property bought can be between 25% and 75% of the new home.
The deposit should be at least 5% on the value of the share being bought. The joint household income should be less than £80,000.
You can find out more about Wealden District Council’s shared ownership scheme, and register your interest on the Affordable Home Ownership page of the Wealden website.