Elderberry Close, School Aycliffe

2 Ownership House

We are delighted to offer to market this two bedroom end terraced home located on the sought after Miller homes development in School Aycliffe.

Practical as well as stylish this home offers comfortable family living with a nice sized lounge, kitchen/dining room opening out to the rear garden, creating a space for great flexibility and outside living.

This property is offered on a shared ownership basis which means that if you can't quite afford a mortgage on 100% of a home or are struggling to save for a big deposit, Shared Ownership offers you the chance to buy a share of your home. You would then be able to buy your home in stages as and when you can afford it, this is called staircasing.

Representative example £66,250 for 50% share. You can buy a share in a home between 25% - 75% and pay rent on the share you don't own which means you would need a smaller deposit.  The higher the share you buy the less rent you pay.

Most people finance this by securing a mortgage on the share they want to buy although in some circumstances you may buy your share outright with cash.

You then pay rent on the remaining share at a very affordable rate. To check you are eligible and for more information go to https://www.helptobuyagent1.org.uk/affordable-home-ownership-application-shared-ownership-rent-to-homebuy-opso/

Key Features include :

  • French doors
  • Dual aspect windows to master bedroom 
  • Fitted kitchen 
  • Downstairs WC
  • Family bathroom 
  • NHBC Warranty 

A viewing is strongly recommended on these properties.

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