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SHARED OWNERSHIP

£36,249 - £131,246

Preston Green

4 bedroom houses
Stockton-on-Tees, County Durham

 
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More information about Preston Green...

Our collection of three bedroom semi-detached and terraced homes are in a desirable location, close to the River Tees and just two miles from Stockton town centre.

Ideally located, our homes benefit from amenities right on the doorstep, with a vibrant selection of shops, restaurants, cafes and bars in the town centre, as well as supermarkets and other key amenities close by. Our homes are perfect for families, with well-regarded schools including Preston and Hartburn primary schools, and The Grangefield Academy and Stockton Riverside College within a five minutes’ drive from our homes. Our homes are available through shared ownership, a more affordable way to get on the property ladder. Take a look at our helpful shared ownership guide to discover how shared ownership could work for you.

We have two beautiful house types to choose from; The Norton is a three bedroom terraced home with a beautiful kitchen and dining space, The Linthorpe is a three bedroom semi-detached townhouse, with an impressive master bedroom with an en-suite and dressing room.

Our homes start at £144,995, but with our shared ownership scheme, you could purchase a share of a home for as little as £36,249 (a 25% share) and pay a subsidised rent cost on the remaining share. This means your total monthly payments could be as low as £515*, making the cost of buying a new home more affordable.

When buying a new home, the mortgage deposit needed can be substantial. With shared ownership, you only need a 5% deposit of the share amount, this means it could be as little as £1,813 *. The share amount you purchase is based on your own circumstances and affordability.

To qualify for shared ownership, there are few boxes you need to tick:
- You are not currently a home owner.
- 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: £31.76*

*This is based on a 25% share (£36,249) of a three bedroom house valued from £144,995 with a 5% mortgage deposit (£1,813). Service charge is included in the representative example. Photos are for illustrative purposes only.

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