A major new housing development in Haverfordwest is offering a substantial run of affordable homes aimed at helping people on to the property ladder through Shared Ownership.
Development details and tenure mix
Lovell Homes and housing association Codi are delivering the Augustus Grange development off St David’s Road, a mixed‑tenure scheme of 115 two‑ and three‑bedroom houses. The site, located around six miles from the Pembrokeshire Coast National Park, will include properties for open sale and affordable tenures.
Of the 115 homes:
- 36 will be sold on the open market
- 79 will be classed as affordable housing
- Within the affordable provision, 37 are Shared Ownership and 42 are for affordable rent
| Tenure | Number of homes |
|---|---|
| Open market | 36 |
| Shared Ownership | 37 |
| Affordable rent | 42 |
| Total | 115 |
How Shared Ownership will work at Augustus Grange
Sales executives for Lovell, including Adrienne Mortlock and Anne Shore, together with Pam Bickel, Head of Sales at Codi, have outlined the mechanics of Shared Ownership as it will be offered on the site.
"Buyers can purchase a minimum share of 50 per cent of a property and pay rent on the remaining share to Codi, helping people secure a home with a smaller deposit and mortgage."
Under the scheme, purchasers can buy at least a 50% share in a property and pay rent to Codi on the portion they do not own. The deposit required is calculated on the share being purchased; the developers emphasise a minimum deposit of 5% of the share. As an example used by the team, a three‑bed home with a full market price of £240,000 could be accessed with a 50% share of £120,000, requiring a deposit of approximately £6,000 (5% of that share).
Monthly payments will comprise two components: a mortgage payment on the share owned and a rent payment on the remaining share. Rent will be reviewed annually, the team said, but will be kept as low as possible. There is also the option to increase ownership through a process known as "staircasing", whereby buyers can buy additional shares over time and potentially acquire the property outright. As the proportion owned increases, the rent portion falls until, once fully owned, no rent is payable.
Finance and support
Lovell and Codi highlighted that Shared Ownership typically requires a specialist mortgage product, although they said many high street lenders now offer suitable deals. Independent mortgage advisers are available to help applicants become financially qualified and to find appropriate lending products.
For Haverfordwest residents, particularly first‑time buyers and those priced out of the open market, the availability of 37 Shared Ownership homes within a 115‑unit development represents a significant addition to local affordable housing supply. The scheme sits alongside 42 homes for affordable rent, broadening options for households with different needs and means.
Local context and potential impact
Housing pressures in Pembrokeshire, where high demand for coastal and market properties can push prices beyond the reach of many local workers and younger families, mean initiatives such as Shared Ownership are closely watched. The Augustus Grange scheme offers a route for households who can afford a mortgage on part of a home but struggle to raise a large deposit for full ownership.
As the development progresses, residents and local councillors will be looking for clarity on timings, allocations and eligibility for the affordable homes. Lovell and Codi’s sales and registration processes, alongside advice from mortgage specialists, will be central to ensuring the homes reach those most in need.
Further practical information — including how to register interest, eligibility criteria and pricing for specific plots — is expected to be published by Lovell Homes and Codi as homes are released for sale or allocation.
