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SHARED OWNERSHIP

£49,249 - £149,246

Arcot Manor

3 bedroom properties
Cramlington, Northumberland

 
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More information about Arcot Manor...

Our collection of three bedroom homes at Arcot Manor are in an idyllic location, set in the beautiful Northumbrian countryside close to Northumberlandia community park.

Our homes are perfect for a growing family with well-regarded schools close by, shopping and leisure facilities less than a ten minute drive away and beautiful Northumberland countryside right on the doorstep. Our homes are available through shared ownership, a more affordable way to get on the property ladder.

The Cherry is a three bedroom semi-detached home with off-street parking and a garage. The entrance hallway leads to a spacious living room, followed by a bright and airy kitchen with integrated appliances and French doors that open out onto the enclosed rear garden. From the entrance hallway, there is also a downstairs cloakroom. To the first floor, there is a master bedroom with en-suite and storage cupboards, a double bedroom a single bedroom, as well as a family bathroom.

The Cherry specification includes:

AEG gas hob, electric oven and extractor
Integrated AEG dishwasher
Integrated AEG fridge-freezer
Integrated AEG washing machine
Fencing to the rear garden
Beautiful bathroom, en-suite and cloakroom tiling
Off-street parking
A garage
Our homes start at £196,995, but with our shared ownership scheme, you could purchase a share of a home for as little as £49,249 (a 25% share) and pay a subsidised rent cost on the remaining share. This means your total monthly payments could be as low as £613*, 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 £2,462*. 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: £27

*This is based on a 25% share (£49,249) of a three bedroom house valued from £196,995 with a 5% mortgage deposit (£2,462). Photos are for illustrative purposes only.

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