Shared Ownership in Chester-le-Street, County Durham

2 bedroom Bungalow

£ 168,000

Equity share:25% / £ 42,000

25% share for £42,000 – FMV: £168,000

5 Lumley Close is a two bed, three-person terrace bungalow suitable for those over 55.

Lumley Close is an attractive development, situated in a quiet residential area, consists of 15, two-bedroom bungalows. Conveniently located within walking distance of all local amenities and close to public transport links. All the bungalows benefit from lovely fitted kitchens, UPVC double glazing, gardens to front and rear and the added benefit of a 24hr monitoring service providing extra peace of mind.

Eligibility

Shared Ownership homes are aimed at first time buyers or those who used to own a home, but are unable to buy one at the moment. It’s a way to get your foot on the property ladder enabling you to buy your first home.
  • You are eligible if you have a household income that is less than £80,000 per year (in London it is less than £90,000).
  • You don’t have to get a massive deposit because you will only need a mortgage for the share you are buying.
  • The share of a property typically starts at 25% which you can take out a mortgage for, although the amount of share available to buy will be dependent on the housing provider.
  • In addition you be required to pay a reduced rent as well as a mortgage.
Are you interested in this shared ownership property? Please fill in the form and we will get back in touch. Thank you.

Property listed on MovingSoon.co.uk by Johnnie Johnson Housing - Sales.

Please make sure you include a contact number and email address as well as quoting Property ID (#95453) when submitting your enquiry.

  • Garden
  • Older People's Shared Ownership (OPSO)
  • Over 60s
  • Retirement Properties for sale
  • Retirement Shared Ownership
  • Shared Ownership Resales

Lumley Close, Chester-le-Street, DH2 2HZ

Overall Property Price
£ 168,000
Shared Ownership Amount From
25% / £ 42,000
Rental Price
£ 288.75 per month / 66.69 per week
Estimated Monthly Service Charge
£ 0
ID
95453
Type
Bungalow
Contract
Shared Ownership
Tenure
Leasehold
Location
County Durham / Chester-le-Street
Bathrooms
1
Bedrooms
2
Energy Rating
Unknown
Date Listed
Estimated Available From Date
Now
Property Views
230

Unavailable

This property has been sold.

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