Discounted Homes for Sale are homes that are built and sold below market value by private developers. You should expect to pay between 30% to 80% of the open market value for an Intermediate Home for Sale home. You will own the freehold.
The discounted sale percentage is agreed through a legal agreement called a Section 106. The discount remains with the property and applies to anyone who purchases the house. This ensures that the property remains affordable.
The Section 106 legal agreement details the percentage discount and any other eligibility requirements, such as local connection criteria.
Please see Buying an Affordable Home for further details.