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Shared Ownership in Newcastle upon Tyne

Metropolitan
Shared ownership

Metropolitan

new home

Off Etal Lane, Westerhope

3

1

Minimum deposit

£4,400

25% Share from

£44,000

Full price

£176,000

Buying a property in Newcastle is always going to be a tempting prospect and a clever investment: this is a city on the cusp of international stardom.

Why you should buy a shared ownership property in Newcastle

The north-east’s sprawling ray of sunshine is never going to disappoint. And one thing’s for sure, you can always reply on its optimism. Newcastle is one of those places that fully lives up to its reputation. Yes at times, it’s pelted by rain. But ask any local, and they’ll wax euphoric about how much love they have for the ‘toon’. And let’s be honest, the Geordies are a terrific bunch.

With upmarket restaurants, hip brunch spots and even feline-friendly cafes, it’s become something of a foodie enclave in recent years, and you’ll always eat exceptionally well, from unpretentious Michelin-star fodder, to back-to-basics fresh seafood. Culture-wise, Newcastle really pushes the boundaries: dotted across the city are a host of leading theatres and event spaces, including the iconic Sage Gateshead that looms over the Tyne, and the Live Theatre with an eclectic programme of superb shows, some of which have transferred to the West End. Art buffs, meanwhile, can easily get their fix, though if there’s one gallery worth checking out, it’s the BALTIC Centre for Contemporary Art – every bit as cool as the hipsters that hang around its entrance with the best in modern and performance art. A behind-the-scenes tour of St James Park, meanwhile, the legendary home of Newcastle United, will send shivers down the spines of those who live and breathe the Magpies. And the fantastic thing about Newcastle is its sweep of neighbouring beachy towns – pretty pockets of wind-blown coastline, old-school pubs and weathered fronts with that irresistible British seaside vibe.

 

Part-buy Part-rent Newcastle

Newcastle is a knockout city. Of course you’re keen to put roots down here. But if you’re worried it’s out of your reach, then think again. Shared ownership makes the whole process of purchasing your new home a lot more affordable: with a small deposit you could buy your first home through the part-buy part-rent scheme that’s been propelling first-time buyers on to the property ladder. And if you’re looking for shared ownership in Newcastle, you’ve got some pretty spectacular options around the region. In the suburb of Shiremoor, several modern developments have sprung up with large bedrooms, spacious kitchens and landscaped gardens.

Make roots here and you’ll be just four miles from the beach town of Whitley Bay. Another option is the commuter town of Westerhope, where slick three-bedrooms homes are available. Further south in Gateshead, meanwhile, plush detached houses can be bagged, mixing style with substance.

So what are you waiting for? There are dozens of properties for sale in Newcastle available today - register your interest now for more details.