Latimer Launches New Shared Ownership Homes in Suffolk’s World-Renowned Horse Racing Destination
Latimer Homes, the development arm of Clarion Housing Group, is gearing up to launch a carefully curated collection of one-, two- and three-bedroom bungalows and houses at King James Park in the historic market town of Newmarket, Suffolk. According to Zoopla, the average price for a property in Newmarket, Suffolk, is approximately £349-359,770 as of April 2026, which, with a 10% deposit would require prospective purchasers to present £35,000 up front.[1]
With a two-bedroom house at King James Park available for £114,000 for a 40% share, prospective purchasers can secure their home in Newmarket for less with Latimer. Representing a rare opportunity for first-time buyers, the homes are available to buy with shared ownership and present an excellent opportunity for families to take a first step on the property ladder in one of England’s most characterful and celebrated towns.
Surrounded by the charming open countryside of the Cambridgeshire-Suffolk border and situated in the global home of thoroughbred horse racing, residents at King James Park will find themselves enjoying the very best of cultured country living. Newmarket is superbly well-connected. Cambridge is just a 22-minute train journey away, while London is easily reached in under 90 minutes by motorway, placing the development within comfortable reach of the capital without sacrificing the peace and space of rural life.
Lucas Chrysanthou, Regional Sales Manager at Latimer Homes comments: “Families buying their first home often feel they must choose between affordability and quality of life, but King James Park challenges that assumption entirely. A vibrant market town steeped in history, beautiful open countryside on the doorstep, and swift connections to Cambridge and London, shared ownership makes these homes accessible for more families. We are proud to be bringing homes like these to a town that so richly deserves them.”
With shared ownership, homebuyers purchase a share of the home, between 10-75%, and pay a deposit based on that percentage share. Usually 5-10% of the purchased share, the deposit is often much smaller than that required on the open-market. Residents then pay a subsidised rent on the remaining share of the home in a flexible part-buy, part-rent setup, and can choose to buy more shares at their own pace, if so desired. This process is often known as ‘staircasing’.
King James Park has been designed with community at its heart, featuring expertly landscaped green spaces woven throughout the neighbourhood where residents can gather and unwind. A stunning new sports pitch adds to the sense of an active, connected community, whilst every home comes with a dedicated parking space, a turfed rear garden and a verdant front garden bed for a neighbourhood with an enhanced green feel.
Built to the latest standards of energy efficiency, the homes at King James Park are ideal for those embracing modern sustainable living. Each property is equipped with an Air Source Heat Pump, EV charging and uPVC double-glazed windows to keep energy bills in check, alongside LED spotlight lighting throughout.
Interiors have been finished to a high specification, with contemporary fitted kitchens from Symphony’s Vista range, complete with integrated appliances, laminate worktops and matching upstands. Amtico Spacia vinyl flooring has been expertly fitted throughout the entrance, kitchen, living and dining areas, whilst soft carpet on the stairs and bedrooms leaves a cozy touch for relaxing at the end of the day. Every home is also equipped with the latest technological detail, wired with TV, BT and data points to selected locations, with both BT and Hyperoptic fibre connections available.
For daily life, Newmarket delivers a high street that balances the traditional with the contemporary. Artisan coffee shops sit alongside long-established retailers, while the twice-weekly market keeps the town’s historic trading roots front and centre for the modern generation to enjoy. For leisurely outings, residents are spoilt for choice: buttery pastries and exceptional coffee at Victor Victoria, afternoon tea at the charming Nancy’s Vintage Teashop, refined dining at Squires within the elegant Bedford Lodge Hotel, or spiced, flavourful curries at Montaz. With large supermarkets just down the road and a buzzing high-street in the town centre, everyday essentials are always close to hand.
Beyond the town, the surrounding countryside opens up a wealth of walking and cycling routes for those who love the outdoors. Sporty residents are well served, with a strong choice of local clubs from hockey and football to golf and equestrian pursuits of every kind.
Newmarket has a strong sense of community, with well-regarded local schools, such as including Newmarket Academy, making it a natural choice for growing families. The town centre and Newmarket Station are just a short drive or bus ride from King James Park, with frequent daily trains running directly to Cambridge and London for commuters and those seeking adventures further afield. For those who prefer the road, the A11 offers a fast route to the capital in around 90 minutes, whilst the A14 provides direct access to Cambridge and connects onwards to the national motorway network. Direct trains to Ipswich add further convenience, opening up easy access to Suffolk and the east coast beyond.
Prices at King James Park will start at £114,000 for a 40% share of a two-bedroom house. To find out more about shared ownership with Latimer Homes at King James Park, visit https://www.latimerhomes.com/new-build-homes/suffolk/newmarket/king-james-park or call 0300 100 0309.
