Tick icon
I am the notification bar, pleased to meet you.
Close close icon

Looking to feature your news?

Submit your articles to appear in members news

Click Here

Caledonia Housing Association shared equity homes selling out fast

Scheme aims to provide affordable home ownership in Angus.

Posted In

Caledonia’s shared equity properties are selling fast. Two months after launching the shared equity properties for sale, Caledonia has sold nearly three quarters of the properties available in the Muirton Perth development and half of the properties available in the Carnoustie development. 

In Carnoustie, four of the eight two-bedroom flats have been purchased at the development on Anderson Street, overlooking the world famous Carnoustie golf course, with magnificent views over the North East Coast line. Available to move in from September, with prices from £70,200 (60%) to £93,600 (80%), Caledonia said “the properties provide an excellent opportunity for affordable home ownership in Angus”.

In Muirton, Perth, there were 12 two-bedroom houses and nine three-bedroom houses available to purchase in two phases: phase one available from September 2017 and phase two from spring 2018. Ten of the two-bedroom and four of the three-bedroom houses in a mixture of phase one and phase two have already been successfully allocated. With only two two-bedroom houses left in phase two and five three-bedroom houses left in phase one.

Craig Davidson, age 25, who works in a Perth supermarket is one of the newly signed up home owners. He said:

“I currently rent in Perth. The shared equity scheme has enabled me to get on the property ladder – something I probably wouldn’t have been able to do on my wage without shared equity. I’m so pleased. I can’t wait to move in.” 

The shared equity homes are part of Caledonia’s drive to provide 1,000 new affordable homes by 2022, with the shared equity homes supporting people to take their first step on to the property ladder, working in conjunction with the Scottish Government’s New Supply Shared Equity Scheme.

Full details on the shared equity properties, including information on the NSSE scheme and the property layouts and specifications, are available in the new homes section of Caledonia’s website.

To apply and see if you are eligible to buy a shared equity homes please complete the brief online passport application form HERE