Shared Ownership Shoreham-By-Sea
If salty sea air, endless beaches and peaceful, small town living sounds like the perfect location for you then look no further than Shoreham-by-Sea. This much-loved fishing village turned seaside town offers mediterranean-esque seaside sunsets, charming working harbours and some exquisite seafood restaurants.
With lagoons, coastal trails and the soft sound of bobbing fishing boats by the port, Shoreham-by-Sea is everything you could ask of a south coast town.
However, a location like this comes with a price tag, meaning that buying a property in this area can be a challenge. This is where shared ownership in Shoreham comes in, enabling first time buyers and families alike to get on the property ladder in this desirable location.
Why Buy In Shoreham?
Shoreham-by-sea is almost like a quieter, more laidback and local Brighton. With a smaller population and less of the tourist buzz that has seen its neighbour mould to overtime, Shoreham-by-Sea is an area enriched in authenticity and age-old fishing practices.
Located in West Sussex and preserved by its Roman and Saxon roots, Shoreham-by-Sea is etched in mystery and history with plenty of museums to explore along the coast. The area has seen little change over the years and lined with charming cottages and local markets, the close community here truly shines through.
It's this community feel combined with the stunning scenery that makes Shoreham-by-Sea such a sought-after location.
Getting Around Shoreham-by-Sea
Shoreham-by-Sea is located on the south coast, approximately an hour away from London by train. There are two local train stations in the area which offer regular services to both Brighton and London Victoria. The A27 also runs through Shoreham, making it easily accessible by car.
For those that enjoy the outdoors, there are plenty of cycle routes and scenic walks to take advantage of along the coast.
Shoreham is a truly unique seaside town with something for everyone. From its working harbours to its sandy beaches and quaint shops, this is an area that has managed to hold on to its historic roots whilst still adapting to the needs of 21st century living.
Shared ownership in Shoreham is the perfect way to get on the property ladder in this desirable location. With a range of properties available, there is something to suit every budget and need.
The Perfect Seaside Home In West Sussex
Nestled by the Adur Valley in the west and the picturesque South Downs in the north, Shoreham-by-Sea is not only lined in beaches but also enveloped in beautiful countryside. A unique place to call home, Shoreham-by-Sea offers some stunning sea views, quiet evening walks down the harbour and endless rambles amongst the valleys and hillsides of the West Sussex countryside.
The area is home to some good schools and regular farmer’s markets along with some of the best fish and seafood around. There’s a real sense of tradition and community here and with Brighton just down the road, you won’t have to go far for a day out.
A Commuter’s Beachy Paradise
Shared Ownership in Shoreham-by-Sea makes buying a home here in this quiet fishing town, a dream. Trains run every half an hour to London Victoria from Shoreham-by-Sea station, and bigger and busier Brighton is just 15 minutes away. All of your local amenities well within reach, so this seaside town is perfect if you want to stay well connected while feeling a world away from all the action.
With the town itself being reasonably small there’s certainly a cosy, homely and cherished feel to the area that has been beloved by the locals for years. For fresh sea air, some exquisite fish and chips and an idyllic place to live, Shoreham-by-Sea couldn’t be a better place to call home.
Buy Your Dream House In Shoreham
If Shoreham is your dream location, you might be wondering how you can afford to buy a property in this area. This is where shared ownership comes in.
With shared ownership, you can buy a share of your new house (between 25% and 75%) and pay rent on the remaining share. This makes getting on the property ladder much more affordable, as you will only need a smaller mortgage and deposit rather than paying full market value.
If you want to increase your share in the future, you can do this through a process called ‘staircasing’. This is where you buy additional shares in your property until you own it outright.
Shared ownership is an excellent way to get on the property ladder and with a range of high quality homes available in Shoreham-by-Sea, there is sure to be something to suit your needs.
How Does Shared Ownership In Shoreham Work?
Shared ownership is a type of homeownership where you own a portion of the property and pay rent to a housing association on the remaining portion. For example, you may own a 50% share of your home and pay rent to the housing association on the other 50%.
The main benefit of shared ownership is that it allows you to buy a property with a smaller deposit than if you were buying it outright. It also gives you the option to slowly increase your ownership stake over time, known as staircasing.
Shared ownership is an appealing option to many first-time buyers and those who are unable to afford a property outright. It's important to note that shared ownership is not the same as renting, as you will still be responsible for maintaining your portion of the property.
Is Shared Ownership Better Than Renting?
There are a number of advantages to shared ownership over renting, such as the ability to buy a property with a smaller deposit, the option to staircase and eventually own your property outright, and the stability of knowing you will not have to move if your landlord decides to sell.
Many people choose shared ownership over renting privately as it can be more affordable and gives you the opportunity to eventually own your own home.
Find Your Perfect Home
If you are interested in finding out more about shared ownership in Shoreham, please get in touch with us today. We would be happy to answer your questions and to help you find your perfect home.Search Shoreham-by-Sea