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The Cherry

Arcot Manor, Cramlington, Northumberland

3 bedroom house

From £613 per month with shared ownership

Living at Arcot Manor


The entrance hallway leads to a spacious living room, followed by a bright and airy kitchen with integrated appliances and French doors that open out onto the enclosed rear garden. From the entrance hallway, there is also a downstairs cloakroom. To the first floor, there is a master bedroom with en-suite and storage cupboards, a double bedroom a single bedroom, as well as a family bathroom. Each home is available as semi-detached and benefits from off-street parking and a garage.

Prices start from £196,995 but, with shared ownership, you could purchase a 25% share of your new home for as little as £49,249 and pay a rent on the remaining share. This means your total monthly payments could be as low as £613*. If you're buying with a mortgage you only need a 5% deposit for the amount you borrow, meaning your deposit could be as low as £2,462*. 


Features


  • AEG gas hob, electric oven and extractor
  • Integrated AEG dishwasher
  • Integrated AEG fridge-freezer
  • Integrated AEG washing machine
  • Fencing to the rear garden
  • Beautiful bathroom, en-suite and cloakroom tiling
  • Off-street parking 
  • A garage



About shared ownership

Shared ownership is a government-backed scheme that makes it easier for you to buy an affordable stake in a property.

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

Requirements for shared ownership

You qualify for shared ownership if you:

  • Have a household income of under £80,000
  • 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 (£49,249) of a 3 bedroom house valued from £196,995 with a 5% mortgage deposit (£2,462). The estimated monthly service charge is approximately £27.  The share you buy is dependent on your financial and personal circumstances. Photos are for illustrative purposes only and may be examples of previous developments.