£119,950 - £124,950
2 bedroom properties
Durham, County Durham
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More information about Rainton Green...
Buy a new home in East Rainton from as little as £89 a week!*
Our two bedroom houses offer beautiful views and are in a good location for travelling to Sunderland and Durham.
The ground floor offers light and airy open plan living, a cloakroom, a modern fitted kitchen, as well as access to the turfed rear garden - perfect for entertaining in the Summer! To the first floor, there are two good sized bedrooms and a family bathroom.
Our two bedroom homes at Rainton Green, East Rainton are available to buy through our shared ownership scheme, from as little as £89 a week!*
Prices start from £119,950, but when you buy a 25% share through shared ownership, this equates to just £29,988. This means your payments could be as low as £89 per week*, making the cost of buying a new home affordable. And to top it off, your mortgage deposit could be as little as £1,500. The share you purchase is dependent on your affordability and personal circumstances. Contact us to find out more.
What is Shared Ownership?
Our 2 bedroom houses are available through our shared ownership scheme; a part-buy, part-rent scheme making it easier for you to get on the property ladder. With shared ownership, there is no need to save up an extortionate deposit and your monthly repayments will be completely affordable!
If you can answer yes to the below statements, you're likely to qualify for shared ownership:
I am not currently a homeowner or I will have sold my current home before I purchase.
I have a household income of less than £80,000.
I have a sufficient deposit (a minimum of 5%) for the percentage of the home I'd like a mortgage for.
I am able to prove I can afford the monthly mortgage repayments.
Estimated monthly service charge: £30.00
*This is based on a 25% share (£29,988) of a two bedroom house valued from £119,950 with a 5% mortgage deposit (£1,500). Photographs used are for illustrative purposes only.
Images may not necessarily depict the actual development and in some cases may be a typical example.