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SHARED OWNERSHIP

£119,950 - £139,950

Broadmeadows

2 and 3 bedroom properties
Durham, County Durham

 
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More information about Broadmeadows...

We are delighted to introduce to you our selection of two and three bedroom homes in Browney, County Durham, available to buy through shared ownership.
Our houses to buy offer an exciting opportunity for families wanting to live close to the centre of Durham in a rural location. Our homes are within the catchment area for highly desirable schooling, such as Durham Johnston Comprehensive School, rated "Outstanding" by Ofsted.

Our two and three bedroom homes provide versatile, open plan living and dining space with a modern kitchen as well as a downstairs cloakroom and additional storage space. To the first floor, there are good-sized bedrooms, a family bathroom and more storage space - perfect for a growing family!
Each home also benefits from off road parking and an enclosed, turfed rear garden, perfect for summer days with the family!
Prices start from £119,950, but with our shared ownership scheme, you could be purchasing a share for as little £30,000 (25% share). This means your weekly payments could be as low as £95 per week*, making the cost of buying a new home more affordable.
If you're buying with a mortgage, you'd only need a 5% deposit on the share you purchase, which means your mortgage deposit could be as little as £1,500! The share you purchase is dependent on your affordability and personal circumstances.
What is shared ownership?
Shared ownership is a part-buy, part-rent government scheme that makes it easier and more affordable to get on the property ladder.
To qualify for shared ownership, there are a few boxes to tick:
- You are not currently a homeowner.
- You have a household income of less than £80,000.
- You have a sufficient deposit (a minimum of 5%) for the percentage of the home you'd like a mortgage for.
- You can prove you can afford the monthly mortgage repayments.

Estimated monthly service charge: £29.05

*This is based on a 25% share (£30,000) of a two bedroom house valued from £119,950 with a 5% mortgage deposit (£1,500). Photos are for illustrative purposes only. “

Images may not necessarily depict the actual development and in some cases may be a typical example.