3 bedroom house for sale

Available

South Fields, Stobhill, NE61 2HU

£117,500 · Shared Ownership New Build

Share percentage 50%, full price £235,000, £5,875 Min Deposit.

Available
3 bedrooms
2 Bathrooms
£117,500 Shared Ownership New Build · Eligibility Eligibility

Share percentage 50%, full price £235,000, £5,875 Min Deposit.

Monthly Cost: £866
Rent £269, Service charge £11, Mortgage £586*

Calculated using a representative rate of 3.94%

Calculate estimated monthly costs

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Eligibility

You are eligible to purchase a Home Reach property in England or Wales if:

· Your household income does not exceed £80,000 per annum for homes outside of London (£90,000 in London)

· You have a deposit (at least 5% of the share value)

· You are a first-time buyer or used to own a home, but cannot afford to buy outright now

· The shared ownership property will be your principle and only home

· You have passed a financial assessment, demonstrating you are financially able to purchase the minimum share value and support the monthly costs.

Summary

A selection of 2 and 3-bedroom homes available

Description

The Ellerton is a three bedroom home designed with modern family living in mind. Downstairs offers a bright and airy lounge - perfect to unwind in after a busy day. Your large open-plan kitchen is perfect for family meal times together whilst enjoying natural light from French doors.

Head upstairs to find the main bedroom complete with an ensuite shower room, a further double bedroom and a single bedroom - which could double up as a home office. Completing this home is a modern family bathroom.

*Images are for illustrative purposes only. Please speak to Sales Adviser for full details*

**Prices vary across plots, please speak to a sales advisor for more information**

Service charge outlined on this portal is heylo’s monthly lease management fee and if applicable, includes an estimated monthly buildings insurance charge. Additional Estate and Service charge fees may apply and are available directly from the sales team on site.

Key Features
  • Open plan kitchen/diner
  • Separate living area
  • Downstairs cloakroom
  • Built-in storage
  • French doors to the rear garden
  • Ensuite shower to the master
  • Fitted kitchen
  • Integrated stainless steel oven/hob/hood
  • Full central heating
  • Smoke alarm is included
  • Carbon monoxide alarm is included
Property Downloads
Key Information Document
Map
Morpeth (0.54 miles) Pegswood (1.76 miles) Cramlington (5.60 miles)
Monthly Cost Calculator

The ‘Estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together, rent, service charge and mortgage.

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  • Rent: this is charged on the share you do not own and is usually payable to a housing association (rent is not generally payable on shared equity schemes)
  • Service Charge: covers maintenance costs for the property as a whole and communal areas
  • Mortgage: Share to Buy ltd are specialist Shared Ownership mortgage brokers and we use a database of daily updated mortgage rates to work out the lowest rate available for the deposit amount shown, and then generate an estimated monthly payment on a 25 year capital repayment basis.

NB: this mortgage estimate is not confirmation that you can obtain a mortgage and you will also need to satisfy the requirements of the relevant mortgage lender. Nor is this a guarantee that in practice you would be able to apply for such a rate, and nor is this a recommendation that the rate used would be the best product for you.

£117,500
Shared Ownership New Build
Estimated Monthly Cost:£866
Rent £269
Service Charge £11
Mortgage £586

Share percentage 50%, full price £235,000, £5,875 Min Deposit. Calculated using a representative rate of 3.94%


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Disclaimer
The information displayed about this property comprises a property advertisement. Share to Buy ltd makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Share to Buy has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by the sponsoring housing association. Please contact the housing association or estate agent directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007.