KINGFISHER Housing Association is bucking the national trend in the property market with a record-breaking run of shared ownership sales.

It has just sold its 100th shared ownership home of the year at Sherfield Park, the Croudace development close to the village of Sherfield-on-Loddon.

Kingfisher puts its impressive sales record down to a few key factors, which include shared ownership, where people fund only half the size of the mortgage they would need on the open market and rent the remainder.

Over time, as their circumstances change, purchasers can buy a bigger share until they eventually own their home 100 per cent.

Locations and the size of the properties have also added to the success rate and include a range of homes from studio apartments at Skyline Plaza, the Berkeley Homes project in the town centre of Basingstoke, to three-bedroomed houses in Farriers Walk in Micheldever.

At Sherfield Park, Kingfisher has 56 houses for shared ownership and affordable rent, and has a pilot scheme where four houses have been built to the new code level 4 Ecohomes standards.

Typically, a two-bedroomed Kingfisher home at Sherfield Park is about £200,000. Buyers pay a mortgage of 50 per cent, or £100,000, and pay rent on the remaining 50 per cent.

At Skyline Plaza, prices start from £90,000 to £100,000 for a studio, from £130,000 for a one-bedroomed unit and from £170,000 for a two-bedroomed apartment.

By Christmas, Kingfisher will have taken a total of 100 units at Skyline Plaza. Twenty-five buyers have already moved into the new scheme and some 20 more sales are under way.

Deborah Broadhurst, group development director for Kingfisher, said: “We are really pleased to have just sold our 100th shared ownership property.

“This proves that there is a real need for shared owner-ship housing in the Basingstoke area and we still have more to sell at Sherfield Park, Skyline Plaza and Skippetts Lane in Basingstoke.”