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The Cherry

Essendene Rise, Ashington, Northumberland

3 bedroom house

From £481 per month with shared ownership

Living at Essendene Rise

Reserve by March and we’ll cover the cost of your legal fees, as well as gift you a £500 shopping voucher!*

The Cherry is a three-bedroom home, available as a semi-detached, mid-terrace or end-terrace. 

The ground floor entrance hallway opens onto the living room, and from here you can access the bright kitchen and dining area, with French doors opening up onto the rear garden. The modern kitchen includes an integrated dishwasher, fridge-freezer and washing machine, as well as a Zanussi gas hob, electric oven and extractor. There is also a convenient downstairs cloakroom accessible from the hallway.

On the first floor are two double bedrooms, a versatile single bedroom and a beautiful tiled family bathroom. The master bedroom benefits from its own en-suite and two handy storage cupboards.

Each home also includes two private parking bays. Various plots are available, with a selection of different kitchen and bathroom styles, so you’re sure to find one that suits you.

The full market value of these homes is from £151,995 but, with shared ownership, you could purchase an initial 25% share for just £37,999 and pay a monthly rent on the remaining share. This means your total monthly payments could be as low as £481. If you’re buying with a mortgage you would only need a deposit of 5% of the amount you borrow, meaning your deposit could be as low as £1,900**

Features

  • Zanussi gas hob, electric oven and extractor
  • Integrated dishwasher
  • Integrated fridge-freezer
  • Integrated washing machine
  • Downstairs cloakroom
  • Plenty of storage
  • Shed and fencing to the rear garden
  • Beautiful bathroom, en-suite and cloakroom tiling
  • Two parking bays

Available homes

Property Type Image

The Peony

Essendene Rise, Ashington, Northumberland

SOLD

More info

About shared ownership

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

The share you buy is dependent on your financial and personal circumstances. It can be from a minimum of 25% to a maximum of 75% share of the full market value of the property. You may be able to buy further shares at a later stage and in most instances you will be able to buy up to 100% of the shares in your home and own it outright. However, in some cases there may be restrictions on when you can buy a further share or on the maximum total share you can own.

Further information can be found in our shared ownership Buyer’s Guide

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
*Home Group Terms and Conditions apply.  To qualify you must reserve your new home by 8th March 2020.  Offer applies to new sales only for a limited time on selected plots. The offer is to pay one voucher only per property, limited to the value of £500 and which is payable after completion. The cash equivalent is not available. Legal fees paid up to £1,000. We reserve the right to withdraw the offer from market without notice.  Information correct at 25/02/2020.

**This is based on a 25% share (£37,999) of a three bedroom house valued from £151,995 with a 5% mortgage deposit (£1,900).The estimated monthly service charge is approximately £29. 

Photos and CGIs are for illustrative purposes only and may feature previous developments.