New homes available to part rent, part buy

We have new two bedroom homes available to part rent, part buy (also known as shared ownership) on the sought-after Bellway Scholars Park development in Redcar.

Located off Redcar Lane and just half a mile away from the stunning Redcar and Cleveland coastline, the development offers excellent transport links and close proximity to local schools and amenities.

Scholars Park is a five minute drive away from Redcar Central railway station, which offers journeys to Middlesbrough, Darlington, Saltburn and Bishop Auckland. The A19, A174, A172 and A171 are all easily accessible.

Redcar offers all the essentials needed for daily life. This includes a wide range of primary and secondary schools, a post office, a range of supermarkets and banks, along with several GP and dental surgeries and two hospitals. In terms of leisure, the town has cricket, football and golf clubs, as well as its own leisure centre and a choice of bars and restaurants. Redcar Racecourse is just a stone’s throw from the development, and a short drive inland brings you to the wonderful Kirkleatham Owl Centre and Museum. Of course, the jewel in Redcar’s crown is its beach, which has won a Seaside Award for its cleanliness and water quality and is a popular destination throughout the year.

What's included?

The Ash is a modern two bedroom, two storey home built with all the essentials for the perfect pad:

  • Open plan living and dining area
  • Separate fitted kitchen
  • Integrated hob, oven and extractor
  • Downstairs cloakroom
  • French doors into garden
  • Large master bedroom overlooking rear garden
  • Contemporary family bathroom
  • Double glazing
  • Gas central heating
  • 10-year NHBC warranty.

Prices start from £32,000 for a 25% share with a 5% deposit of just £1,600 – helping you make your dream of stepping onto the property ladder a reality.

Fore more information you can view the:

Scholars Park house type

Scholars Park overview

Site layout

What is shared ownership?

Shared ownership is a scheme that helps people get onto the property ladder who may have thought buying a new home was out of reach.

Single buyers, couples and families can buy a share in the property with a much smaller deposit and mortgage, paying an affordable rent on the remaining share they don’t own. The initial share can be between 25% and 75% of the property, depending on a buyer’s income and expenditure, and can be increased up to 100% through buying increments until the property is owned fully.

You will be able to make any alterations and improvements you wish to your home, as well as having the ability to sell it if you want to move.

To access shared ownership you will need to meet a minimum set of qualification criteria:

  • You do not currently own or part own a property
  • You have a household income of less than £80,000 a year
  • You are a first time buyer or previous homeowner wishing to return to the housing market.

We will also carry out a financial assessment to make sure you can afford the mortgage and rent.

Once you have been approved and have chosen a new home, you will purchase the property just like any other new home obtaining a mortgage from the lender of your choice.

For an information pack or to express your interest in these properties, please call 01642 836050 or email

Emma and Marcus take their first step onto the property ladder

Emma and Marcus recently took their first step onto the property ladder by purchasing a home through shared ownership. The full value of their two bedroom home was £128,000. They bought a 25% share for £32,000 with a 5% deposit of just £1,600, with rent on the share they didn’t own costing just £220 per month.

Emma said: “We were previously renting our home and with our expenditure on rent and bills, we found it extremely difficult to save a deposit big enough to buy our own house. Securing our home through shared ownership with such a small deposit meant we were able to get on the property ladder much sooner than if we’d saved to buy a home at full price.”

“The rent we pay now on the remaining share is less than half what we used to pay. So even with the addition of our mortgage repayment, our monthly housing costs are actually less than they were before, which allows us to save more for our future.”