Shared Ownership Homes in Cheltenham

A beautiful collection of 2, 3 and 4-bedroom shared ownership homes is coming soon to Cheltenham.

Whether you're looking for your first home, need more space for a growing family, or are ready to make a move to somewhere better suited to your lifestyle, Cheltenham offers the perfect balance of town and country living.

Known for its elegant Regency architecture, thriving independent scene and easy connections across the Southwest and beyond, it's easy to see why Cheltenham remains one of Gloucestershire's most sought-after places to call home. With stunning countryside on your doorstep, plenty of places to eat, shop and explore, and excellent transport links, these new homes could be your opportunity to put down roots in a location you'll love.

Why choose Cheltenham?

Cheltenham has something for everyone. From bustling cafés and independent boutiques to beautiful parks and green open spaces, it's a town that combines everyday convenience with a fantastic lifestyle.

For commuters, the M5 is easily accessible, while Cheltenham Spa railway station provides regular services to major towns and cities. Whether you're travelling for work or planning a weekend away, getting from A to B couldn't be easier.

The town is also famous for its cultural calendar, with festivals celebrating literature, music, science and art attracting visitors from across the country throughout the year.

Local amenities

Living in Cheltenham means having a great range of amenities nearby, including:

• Supermarkets, retail parks and shopping centres, including the Regent Arcade and Montpellier District
• Independent cafés, bars and restaurants
• Schools and higher education, such as Cheltenham College and the University of Gloucestershire
• Healthcare services and local GP practices
• Leisure centres, gyms and sports clubs
• Parks, playgrounds and green open spaces

Whether you're running everyday errands or planning a weekend outing, Cheltenham is perfect for it all.

Things to do nearby

There's plenty to enjoy both in Cheltenham and the surrounding area.

Take a stroll through Pittville Park, explore the shops and cafés of Montpellier, or simply soak up the town's beautiful Regency charm. If you enjoy the outdoors, the Cotswolds are right on your doorstep, offering picturesque villages, scenic walking routes and cosy country pubs.

For days out, Gloucester, Tewkesbury and Cirencester are all within easy reach, while Cheltenham's packed calendar of festivals and events means there's always something happening nearby.

Introduction to shared ownership

Shared ownership could be the ideal way to make your move into homeownership. Rather than purchasing a property outright, you buy a share of your home and pay rent on the remaining share. This means you may need a smaller deposit and mortgage than when buying on the open market, helping you take your first step onto the property ladder sooner.

As your circumstances change, you can usually buy more shares in your home over time through staircasing, helping you move towards full ownership when it suits you. Find out more about shared ownership, or speak to Hope, who'll be happy to answer any questions, no matter how small they may seem.

Eligibility

To be considered for shared ownership, you will generally need to meet the following criteria:

• Must be 18 years old or over.
• You must have a household income of less than £80,000 per year (or £90,000 per year in London)
• Must not own another property at the same time. If you do (whether in the UK or abroad), proof will be required that it's sold or under offer.
• Must be unable to buy a property suitable for your needs on the open market.
• Must be able to show you can afford to maintain the costs of your home
• You're a British or EU/EEA citizen or have indefinite leave to remain.

If you pass the checklist, but you're unsure on how the process of buying a house works, we've got you covered with an all-inclusive property buying guide.

Why should I buy a shared ownership home?

Shared ownership costs are generally lower than alternative housing options for a number of reasons; it's great for people who have the goal of buying their own home but do not have the funds to buy on the open market.

Shared ownership offers rent that is less than the rate charged on the open market and most people can start off with a 40% share but in some cases as little as a 10% share, depending on the terms of your lease. This therefore means a low deposit - typically only 5% of the share you are buying and not of the whole property value.

How can I buy a shared ownership home?

The first step in buying your shared ownership home with Aster is to contact us, either by filling in the contact form below or over the phone.

Beginning your journey to shared ownership is not as daunting as you may think, once you know if you meet the criteria you can begin searching for suitable properties. Once you have found a home, you will of course need to ensure you meet  the required criteria and be approved for a mortgage- however Aster can advise on this as you progress.

Read more about the shared ownership home buying process.

Make an Aster home your home

At Aster, it's more than just a house, it's about helping you find a home you'll love, in a place that feels right for you. With shared ownership, you could make life in a desirable location like Cheltenham more achievable, giving you a practical route into a home of your own. 

So, if you're ready to find out more about our stunning shared ownership homes at Cheltenham, get in touch with us today. 

While we endeavour to make our property descriptions and plans fair, accurate and reliable, they are only a general guide to the property and may be subject to change. Accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property. Shared ownership homes are bought as leasehold properties, for more information speak to our team. Service charges and rent payable on the unsold equity of this property will be reviewed annually with any changed coming into effect on the 1st April each year. Your home may be at risk of repossession if you don't maintain your mortgage and rental payments. Please note that photographs are not plot specific - speak to our team for more information.