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The Elder

The Aspens, Birtley, Tyne and Wear

3 bedroom house

From £686 per month with shared ownership

Living at The Aspens

The Elder is a three bedroom semi-detached house, perfect for first time buyers and families.

From the entrance hallway, you can access the living room - a great space to read, relax and entertain in. 

To the rear of the home is a modern kitchen/dining room featuring integrated appliances including double oven, dishwasher, fridge-freezer and washing machine. Elegant French doors open out into the rear garden – great for bringing people together on sunny days. There's also a convenient downstairs cloakroom and a handy storage cupboard accessible from the hallway. 

On the first floor there are two double bedrooms with ample room for wardrobes or furniture, and a versatile single bedroom. The modern family bathroom features Ideal Standard fittings, chrome accessories and a heated towel rail, while the master bedroom also benefits from its own en-suite. There’s also an additional storage cupboard off the landing, so clutter is easily keep to a minimum.

The Elder also features two driveway parking spaces to the front, giving you extra convenience whether bringing in the shopping or welcoming visitors.

The full market value of these homes is from £220,000 but, with shared ownership, you could purchase an initial 25% share for just £55,000 and pay a monthly rent on the remaining share. 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 £2,750*








Features

  • Three bedroom semi-detached home
  • Modern design
  • Stylish Symphony kitchen
  • Integrated Electrolux appliances
  • Modern bathroom with Ideal Standard fittings
  • En-suite to master bedroom
  • Downstairs cloakroom
  • Fenced rear garden
  • Plenty of storage
  • Off-street parking








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
*This is based on a 25% share (£55,000) of a 3 bedroom house valued from £220,000 with a 5% mortgage deposit (£2,750). The estimated monthly service charge is approximately £32.  The share you buy is dependent on your financial and personal circumstances. 

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