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Essendene Rise by Home Group in North Seaton

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Get new home ready, start your shared ownership journey today through a quick chat with our Sales team. Ask about shared ownership, the buying process or our available homes so that when you want to take the next steps, you'll be new home ready.

Set in a desirable coastal location in North Seaton, Essendene Rise is a brand-new collection of 92 charming homes, with 10 two and three bedroom semi-detached and terraced houses available now through shared ownership.

Perfect for first time buyers, professionals and families alike, each home is finished to a high specification throughout and features generous living spaces, stylish kitchens with integrated appliances and private rear gardens. With plenty of local amenities close by, and just five minutes' drive from the seaside, everything you need is close at hand.

Book a viewing of your new home at Essendene Rise today!

The full market value of these homes is from £135,000 but, with shared ownership, you could purchase an initial 25% share for just £33,750 and pay a monthly rent on the remaining share. This means your total monthly payments could be as low as £430. 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 £1,688*

Local Area

At Essendene Rise you’ll find a perfect balance of country scenery and urban convenience.
You’ll have great access to North Seaton’s local amenities, as well as everything that Ashington has to offer, including several major supermarkets and retail centres offering a range of high street stores. There's also a variety of eateries – from coffee bars to fish and chips – as well as some popular nightspots.

Relax with a walk and explore the nearby local parks. Queen Elizabeth II Country Park boasts a 16-hectare lake, perfect for canoeing or coarse fishing, while Wansbeck Riverside Park and Hirst Park are also close by. You’re also just five minutes from the beach at Newbiggin, so you can enjoy the beautiful coastline at your leisure.

North Seaton is served by local bus services, and you’re close to the A19, so commuting is straightforward whether staying local or going further afield. The local area offers a range of good primary and secondary schools, and Wansbeck Hospital is nearby.

Book a viewing now and see everything that Essendene Rise has to offer!

About shared ownership

Shared ownership is a government-backed scheme that makes it easier for you to buy an affordable stake in a property.
The share you buy is dependent on your financial and personal circumstances. It can be from a minimum of 25% to a maximum of 75% share of the full market value of the property. You may be able to buy further shares at a later stage and in most instances you will be able to buy up to 100% of the shares in your home and own it outright. However, in some cases there may be restrictions on when you can buy a further share or on the maximum total share you can own.

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

*This is based on a 25% share (£33,750) of a three bedroom house valued from £135,000 with a 5% mortgage deposit (£1,688). The estimated monthly service charge is approximately £29.

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

Home Group