Shared ownership is another way to buy your own home. You buy a percentage, and pay rent on the rest. The housing association owns part of it — but you’re living there, you decorate it, and you decide when to sell.

Buying a percentage means a smaller deposit and smaller mortgage. It’s a sooner first step on the ladder for lots of people. Usually, you can also carry on buying shares, to own it 100%.

Read more about Shared ownership (Opens in new window)

Millfields, 3-4 bed homes


Millfields, Darlington, Darlington, DL1 1YN

Shared ownership

Starting prices

50% share from
£73,975
Full price
£147,950
Minimum deposit
£3,699
Monthly rent
£170

Overview

Millfields, Darlington is made up of 3/4 bedroom houses now available on part buy - part rent.


Local area information

Ideally located just 2 miles east of Darlington town centre, Millfields is an innovative development. Here you will find all you need for a modern lifestyle. This superb range of homes is located in a fabulous new community.
Providing sustainable urban living and a relaxed lifestyle, Millfields is contemporary and has been well designed with plenty of surrounding green open space. These flexible, low energy homes are ideal for family life.
Darlington has plenty to offer those in search of a great day out. Not only is it good looking in its own right, but it’s half an hour or less from loads of fabulous days out – historic Durham, the North York Moors National Park, the Yorkshire Dales National Park, and the seaside at Seaton Carew, to name just a few.
Darlington town centre has a strong focus on independent shopping, including the designer stores of Grange Road and the one-off stores of Skinnergate.
Schoolwise, you’re spoilt for choice, up to and including Darlington College the newly built FE College, and Teesside University which opened a Darlington campus in 2011.
Millfields at Lingfield Point is in an ideal location for commuters, with the new Eastern Transport Corridor placing the A66 within easy reach – which means you are just minutes from the A1(M) motorway. Regular bus services pass right by the development – with services running to Darlington town centre every 10 minutes. Darlington train station is only 5 minutes away, and is a major stop on the East Coast. It runs regular services to London and Edinburgh. For a quick getaway and foreign shores, Durham Tees Valley Airport is less than a 5 miles away.
The combination of superb contemporary homes and this outstanding new development makes Millfields at Lingfield Point a fabulous location for your next move.
*Images are for illustrative purposes only. Please speak to Sales Adviser for full details*


Plot availability

Plot number Gosford
Tenure Shared ownership
Availability Available
Bathrooms 2
Minimum share 25%
Minimum share price £36,990
Full market price £147,950
Ownership Leasehold

The Gosford is a 3 bedroom semi-detached home and has a versatile and well-proportioned layout suitable for couples and families alike.

The kitchen/dining area is perfect for entertaining with French Doors opening out to the private rear garden, while the large living room has plenty of space for all the family to relax in. A handy storage closet and a cloakroom complete the ground floor.

Upstairs the master bedroom includes an en-suite shower room, there are two further well proportioned bedrooms and a stylish family bathroom.

Spacious lounge overlooking the front of the home,

Symphony fitted kitchen with dining area featuring French doors leading to the rear garden,

Downstairs WC,

Useful storage cupboard,

Master bedroom with en suite shower room,

Two further good sized bedrooms,

Family bathroom,

Single Garage,

Private rear garden,

10 year NHBC 'Buildmark' warranty and insurance policy,

2 year Taylor Wimpey warranty

 *Images are for illustrative purposes only. Please speak to Sales Adviser for full details*

**Prices vary across plots please speak to a sales advisor for more information**


FAQ's

Min share price from: £36,990 for a 25% share
Full price from: £147,950
Minimum deposit from: £3,699
Bedrooms: 3
Bathrooms: 2

There is only one available priced at £36,990 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.

Housing Provider

Heylo Housing
Shared ownership

Starting prices

50% share from
£73,975
Full price
£147,950
Minimum deposit
£3,699
Monthly rent
£170