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3 bedroom house

Barley Gate, Chester-le-Street, Durham

From £583 per month with shared ownership

Living at Barley Gate


Briefly comprising of entrance lobby leading to downstairs cloaks and open plan living space. Open plan living space includes a stylish kitchen with integrated appliances and a light and airy living area with French doors leading to the turfed rear garden. There is also an understair utility cupboard. 

From the first floor landing, there are two double bedrooms, a good sized single bedroom and a family bathroom, as well as an additional storage cupboard.

Prices start from £175,000 but, with shared ownership, you could purchase a 25% share of your new home for as little as £43,750 and pay a rent on the remaining share. This means your total monthly payments could be as low as £583*. 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 £2,188.* 






Features


  • White gloss cupboard doors
  • Black laminate worktops
  • Candy electric oven and gas hob
  • Hoover fridge-freezer
  • Baumatic microwave
  • Baumatic dishwasher
  • Amtico Nordic Oak flooring 
  • Two off-street parking bays 






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 (£43,750) of a three bedroom house valued from £175,000 with a 5% mortgage deposit (£2,175). The estimated monthly service charge is approximately £38.  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.