The price advertised represents purchasing a 50% share of the home.
Full Price £215000

About The Whitton
This detached property has a bright lounge which shares the ground floor with a beautifully planned kitchen and dining room, where French doors opening to the garden add an inspiring, natural appeal to the dining area. The three bedrooms include a superb en-suite principal bedroom that incorporates a walk-in cupboard. Parking - Off Street Parking for 2 cars

About the site
These brand new properties built by Miller Homes are situated in the charming town of Consett on the edge of the North Pennines, the perfect opportunity to get on the property ladder with Shared Ownership. Nestled on the edge of the countryside, this site has good transport links to the rest of the north east including Durham and Newcastle, as well as Northumberland and the Metrocentre. You will find plenty of local services including shops, a leisure centre with a swimming pool, a theatre, schools, restaurants, pubs, and takeaways. So, whether you are a commuter, looking to enjoy the best the region has to offer, or simply want to be part of a thriving community, Fellside Gardens is the place to start.

Local travel

Walking
Knitsley Farm Shop – Estimated 15 minutes
Golden Fish Inn – Estimated 4 minutes
Briardale local Post Office – Estimated 10 minutes

Driving
Newcastle upon Tyne – Estimated 40 minutes
Whitley Bay – Estimated 52 minutes
Derwent Reservoir – Estimated 19 minutes

Public Transport (Bus)
Durham – Estimated 31 minutes
Newcastle upon Tyne – Estimated 1 hour and 17 minutes
Stanhope, North Pennines– Estimated 1 hour and 9 minutes

Eligibility

You can apply to buy the home if both of the following apply:
Your household income is £80,000 or less.
You cannot afford all of the deposit and mortgage payments to buy a home that meets your needs.

One of the following must also be true:

You're a first-time buyer.
You used to own a home but cannot afford to buy one now.
You're forming a new household - for example, after a relationship breakdown.
You're an existing shared owner, and you want to move.
You own a home and want to move but cannot afford a new home for your needs.
If you own a home, you must have completed the sale of the home on or before the date you complete your shared ownership purchase.
You must have a good credit record. Your application will involve an assessment of your finances.

£10,750 (based on 10% deposit)
Reservation fee - £300

Shared Ownership Disclaimer
Shared Ownership is a great way to get onto the property ladder when you can’t afford to buy a home on the open market. Depending on what you can afford, this scheme allows you to buy a share of a new home, and pay a reduced rent on the remaining share. You can purchase a share of a property, typically between 25% and 75%, making it more achievable to get on the property ladder. To do this you'll only need to secure a mortgage for your share of the property, reducing the upfront costs and monthly payments. Once you’ve bought your Shared Ownership home you can choose to increase you share of the property and potentially own it outright.