Shared Ownership city apartments come to Derby

Tuesday 26 April 2016

A range of 10 two bedroom apartments for Shared Ownership are nearing completion in the heart of Derby city centre.

Launching at the end of May 2016, Riverside Home Ownership will be offering the properties for sale at Castleward under the government backed part buy-part rent scheme. Shared Ownership means homebuyers purchase a share in the property that they can afford, 50% for example, and pay a rent to Riverside on the remainder.

A typical RHO apartment

Apartment Kitchen Diner

Available to first time buyers and other eligible applicants, the scheme means the deposit needed for a mortgage is less as purchasers are only buying a percentage. The rent payable on the remainder is reduced, so the monthly costs are less than having a mortgage on the apartment outright. 

As part of the flagship Castleward development, the new homes will offer great quality fixtures and finishes throughout plus either a parking space or on-street parking permit. Located just a short walk from Derby Station and the Intu shopping centre, all that the city centre has to offer is right on the doorstep.

Riverside Home Ownership manages over 4,000 leashold and shared ownership properties around the country and will be providing services to residents and shared areas at the development, payable through a monthly service charge.

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Read more about Riverside

Riverside Home Ownership

We're the specialist leasehold and affordable home ownership division of The Riverside Group Limited, one of the UK's largest housing associations. As well as building, selling and letting a wide range of property types, Riverside Home Ownership provides services to, and manages the leasehold of over 4,500 homes across the UK.