3 bedroom house for sale
94 Bluebell Drive, Blossom Park, Pegswood, NE61 6FT
Share percentage 50%, full price £206,000, £5,150 Min Deposit.
Share percentage 50%, full price £206,000, £5,150 Min Deposit.
Monthly Cost: £951
Rent £377,
Mortgage £574*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
The GLA and Homes England set the eligibility criteria for Shared Ownership, but broadly speaking you must:
- Not own another property in the UK or any other country.
- Have a household income that falls below £90,000 (£80,000 threshold outside the M25). Every property will have a minimum income level too, determined by its’ value, rent and service charge costs. In most cases you will need to meet or exceed the given minimum income.
- Have access to a minimum deposit of 10% of the share being purchased (a minimum deposit of 5% of the share being purchased may be acceptable depending on individual financial status).
- Be in full time permanent employment.
- Be a British, EU or EEA Citizen or have indefinite leave to remain in the UK.
- Have a good credit history.
Summary
3 Bedroom Semi-Detached House in Morpeth now available under Shared Ownership
Description
A fantastic opportunity to purchase a three-bedroom end terrace situated on the much sought-after semi-rural development Blossom Park residential in Pegswood.
Pegswood is located approximately 2 miles outside of the town of Morpeth. Morpeth offers a range of local amenities, including a golf course, local shops, the recently refurbished Sanderson Arcade, which boasts some of the high street's biggest names. There is also a variety of restaurants, bars, cafes and a popular weekly farmers market.
The Ellerton is a spacious three bedroom end terraced home, you enter into an entrance hallway followed the lounge to the front elevation leading to an open plan kitchen/dining room with French doors leading to the enclosed rear garden. The property also benefits from a cloaks w/c. To the first floor there are two double bedrooms with the master bedroom benefiting from ensuite facilities and a further single bedroom which could also be used as a home office/hobby room or playroom. There is also a modern bathroom.
Externally the property benefits from an enclosed garden to rear with a shed and parking to the front.
*Information is correct to the best of our knowledge, please speak to the estate agent for more information*
Key Features
- Breakfasting Kitchen
- Ensuite to the Primary Bedroom
- Enclosed Rear Garden
- Two Parking Spaces
- Tenure:Leasehold (125 years from 10/02/2023).
- Share Available:50%(£103,000).
- Shared Ownership Rent:£377.29 per month (subject to annual review).
- Lease Management Fee:£22.73 per month (subject to annual review).
- Buildings Insurance:£99.72per annum (subject to annual review).
- Council Tax:Band C, Northumberland County Council
Particulars
Tenure: Leasehold
Lease Length: 125 years
Council Tax Band: C
Property Downloads
Key Information Document BrochureMap
The ‘estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together: rent, service charge and mortgage.
- Rent: This is charged on the share you do not own and is usually payable to a housing association (rent is not generally payable on shared equity schemes).
- Service Charge: Covers maintenance and repairs for communal areas within your development.
- Mortgage: Share to Buy use a database of mortgage rates to work out the rate likely to be available for the deposit amount shown, and then generate an estimated monthly plan on a 25 year capital repayment basis.
NB: This mortgage estimate is not confirmation that you can obtain a mortgage and you will need to satisfy the requirements of the relevant mortgage lender. This is not a guarantee that in practice you would be able to apply for such a rate, nor is this a recommendation that the rate used would be the best product for you.
Share percentage 50%, full price £206,000, £5,150 Min Deposit. Calculated using a representative rate of 5.03%
