Hill Top View

2 - 3 bedroom homes in Off Crow Trees Lane, Durham, Durham County, DH6 5BH

Tenure Shared ownership
What is Shared Ownership?
Availability Available
Min share price from £30,000 for 25% share
Full price from £120,000
Min deposit from £3,000
Bedrooms 2-3
Bathrooms 1
Parking 1

Shared Ownership is a type of affordable home ownership when a purchaser takes out a mortgage on a share of a property and pays rent to a landlord on the remaining share.

For example, someone might buy a 50 per cent share in a property and pay rent to the landlord on the remaining 50 per cent. Purchasers then have the opportunity to ‘staircase’ up their share of the property, gradually increasing the proportion of their home that they own outright and therefore paying less rent on the remaining portion, until they own 100 per cent of their home.

Overview

Hill Top View is an exciting new development by Riverside Home Ownership, with 34 homes for Shared Ownership.

We have a selection of 2 and 3 bedroom houses and 2 bedroom bungalows for part buy-part rent, with shares available from 25%.

 

Designed in to be in keeping with the surrounding area, the properties are finished to a high standard and all include:

- Quality fitted kitchens

- Brushed steel oven, hob and cooker hood

- Ceramic wall tiled bathroom with over-bath shower and glass screen

- Fresh white paint finishes throughout

- Economical gas central heating

- Off road parking

Local area information

Situated in Bowburn, our homes benefit from a range of local amenities on the doorstep and picturesque countryside surroundings, within just a few minutes of junction 61 of the A1(M). Just 5 miles outside Durham, and around half an hour’s drive from both Newcastle and Middlesbrough, the development lies in an ideal commuter location.

Status Plot No. Floor Beds Min share price Eligibility
Available TBC N/A 2 £30,000 View details
Available TBC N/A 2 £32,500 View details
Available TBC N/A 3 £33,750 View details

FAQ's

Min share price from: £30,000 for a 25% share
Full price from: £120,000
Minimum deposit from: £3,000
Monthly rent from: £206
Bedrooms: 2
Bathrooms: 1

There are 3 available ranging from £30,000 for a 25% share to £33,750 for a 25% share.

It’s the same as buying on the open-market but you’re buying a share of a property, so therefore pay a mortgage on the part you own.

An independent mortgage advisor can help suggest which type of mortgage might be best for you, based on your situation.

Leasehold, which is essentially the contract for the share you've bought.

It means you've got the right to keep your home for a certain number of years (usually at least 125), but the land belongs to someone else. Your lease also sets out how much you need to pay each month, your responsibilities while living there and all the details of your agreement with the housing association. Make sure you go through it and ask lots of questions.

Your solicitor can help you with this.

It all depends on your lease (your contract with the housing association) so check it thoroughly and ask questions before you buy.
Illustration by: James Halsall

Register Interest

Register your interest to be contacted by a housing provider. You will need to provide basic eligibility criteria during the register interest process.

Hill Top View

2 - 3 bedroom homes in Off Crow Trees Lane, Durham, Durham County, DH6 5BH

Tenure Shared ownership
What is Shared Ownership?
Availability Available
Min share price from £30,000 for 25% share
Full price from £120,000
Min deposit from £3,000
Bedrooms 2-3
Bathrooms 1
Parking 1

Shared Ownership is a type of affordable home ownership when a purchaser takes out a mortgage on a share of a property and pays rent to a landlord on the remaining share.

For example, someone might buy a 50 per cent share in a property and pay rent to the landlord on the remaining 50 per cent. Purchasers then have the opportunity to ‘staircase’ up their share of the property, gradually increasing the proportion of their home that they own outright and therefore paying less rent on the remaining portion, until they own 100 per cent of their home.

Location

Housing Provider

Trusted by

Southern Complete Moves Mayor or London National Housing Federation Moat Homes