newhomesforsale

Stannington Mews, Morpeth

SHARED OWNERSHIP

2 and 3 bedroom properties
£38,750 - £116,250

 
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Reserve by March and we’ll cover the cost of your legal fees - one less thing to worry about!*

Located near Morpeth, in an idyllic spot close the exclusive Tranwell Woods estate, Stannington Mews is a beautiful collection of two and three-bedroom homes, with 11 available now through shared ownership.

Our homes offer the best of both worlds - all the space of a house with the versatility of apartment-style living. Each one features a high-specification throughout, with elegant open plan living area, stylish fitted kitchen and tiled bathroom and en-suite, as well as private parking and a garage.

The full market value of these homes is from £155,000 but, with shared ownership, you could purchase an initial 25% share for just £38,750 and pay a monthly rent on the remaining share. This means your total monthly payments could be as low as £520. If you’re buying with a mortgage you would only need a deposit of 5% of the amount you borrow, meaning your deposit could be as low as £1,950**

Local area

Stannington Mews offers tranquil living in the heart of the beautiful Northumbrian countryside.
Surrounded by picturesque woodland, calm and serene days are guaranteed in your new home. You’re sure to love the benefits of clean air and great scenery, as well as being part of a growing community, with the village hall and local pub just a stone’s throw away. The area also boasts a range of highly-rated primary and secondary schools.
With a unique combination of history, heritage and beauty, the nearby market town of Morpeth truly highlights what Northumberland has to offer. You’ll find everything you need, from supermarkets to luxury high street shopping and live music, all within a 15-minute drive.

Stannington Mews is also just five minutes from the A1, so you're well-placed for commuting north and south, and if you still crave the city buzz, Newcastle City Centre is only 15 miles away.

Don’t miss out – view your new home at Stannington Mews now!

About shared ownership

Shared ownership gives you the opportunity to get your foot on the property ladder at a price you can afford.

You qualify for shared ownership if you:

• Have a household income of under £80,000 (£90,000 in London)
• Don't currently own your home and can't afford to on the open market
• Can afford the minimum deposit
• Pass an affordability check to make sure you can get a mortgage

*Home Group Terms and Conditions apply. To qualify you must reserve your new home by 8th March 2020. Offer applies to new sales only for a limited time on selected plots. Legal fees paid up to £1,000. We reserve the right to withdraw the offer from market without notice. Information correct at 25/02/2020.

**This is based on a 25% share (£38,750) of a two bedroom house valued from £155,000 with a 5% mortgage deposit (£1,950). The estimated monthly service charge is approximately £59.

Photos and CGIs are for illustrative purposes only and may feature previous developments

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