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Shared ownership lifeline for would-be homeowners

Newland Kitchen

First-time buyers in Hull are being offered a rare opportunity to stake a claim in an exclusive gated community in the heart of Hull’s cultural Avenues area.

Seven three-story townhouses are available for shared ownership at Bilsons Yard on Newland Avenue thanks to Together Homes, part of Together Housing Group.

Named after prominent local architect John Bilson, who designed the school which was built in 1896, the development is situated within the grounds of The Old School Newland.

The three-bedroom, two-bathroom houses, which start at just £40,000 for a 25% share, are part of a wider scheme by Nagra Properties, which also includes luxury apartments for outright sale built inside the historic boarding school. 

The development has been sympathetically designed to preserve the history of the school with the original bell tower being meticulously restored, while the pencil-sharpening outside stone is as the school children left it.

Claire McCourt, Sales Manager for Together Homes, said: “Located close to the shops, bars and restaurants of the Avenues, this development is ideal for young professionals looking to take their first step on the property ladder. However, it is also suitable for existing homeowners whose circumstances have changed to enable them to remain on the property ladder.” 

The ground floor in each townhouse comprises an open plan kitchen and living space, with patio doors leading to the secure rear garden with Astroturf lawn. The fully integrated kitchen features white gloss units and built-in dishwasher, washing machine, fridge freezer, Neff electric oven, Neff induction hob, microwave and extractor hood in chrome.

The first floor comprises two bedrooms and a bathroom complete with waterfall shower over an L-shaped bath and heated chrome towel rail. A glass-fronted staircase leads to the second floor master suite, which boasts an en-suite shower room.

Alongside the luxurious interiors, owners will benefit from off street car parking accessed via electric gates by wireless fob. 

Claire added: “You can buy a share in one of these properties from as little as 25% of the full mortgage value and buy more shares as and when you can afford to. 

“Not only should you pay less with a combined mortgage and subsidised rent than you would buying on the open market but you need to raise a deposit only on the percentage you are buying.”

For more information call 0300 330 5533 or email