1, 2 & 3 bedroom homes
Shared ownership
Newport, PO30 5UP
Under Reservation
Features
- Phase 2 anticipated for completion Autumn 2025
- Frequent bus service by Southern Vectis to Newport, Ryde, Sandown, Shanklin & Ventnor
- Good selection of schools & Medina College nearby
- Stunning cycling routes on the nearby Red Squirrel Trail
- Visit the pretty village of Carisbrooke with its historic Castle!
Description
Applications are now closed for Phase 1 at Three Oaks.
Situated in the town of Newport, you'll be within easy reach of local amenities, high street shopping plus popular restaurants and eateries.
These homes are ideally suited to first-time buyers, growing families and downsizers.
Our homes at Three Oaks
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Get in touch
To make an enquiry about a property, please fill in the form below and a member of the team will be in touch
FAQs
We partner with you to share the cost of buying your own home – you pay for the part you can afford and we’ll pay for the part that’s left. It’s an opportunity to buy the home that’s right for you without needing the large deposit or the mortgage that goes with it.
- As long as you are over 18
- Your household income is less than £80,000
- And you don’t already own a home at the time of buying your shared ownership property
… then Shared Ownership could be right for you!
Some properties may be bound by local connection restrictions in order to make them affordable for local customers. We'll let you know if there are any restrictions in place when you are searching for a property.
You buy a share in your home that’s right for you. That could be from either 10/25% and up to 75% initially. You’ll pay a reduced rent to us on the share we own and a monthly service charge.
As your finances allow, you can buy further shares in your home as and when you choose, meaning you’ll own more and pay less rent.
Typically, you’ll only need a deposit that is 5% of the value of your share, rather than of the total property value, meaning you could get moving sooner than you thought.
A deposit for a shared ownership home can start from just 5% of the share value you’re looking to buy. So for example:
If you’re looking to buy a home that has a 40% share value of £80,000, then your deposit could be as little as £4,000 - meaning you may be able to get on the property ladder sooner than first thought!
You can speak to our panel of financial advisors for more information around affordability.