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)

Morley Carr Farm, 3 bed homes


Allerton Balk, Yarm, Stockton-on-Tees, TS15 9EG

Shared ownership

Starting prices

25% share from
£47,500
Full price
£190,000
Minimum deposit
£2,375
Monthly rent
£363

Overview

Now released! We are offering a number of 3 bedroom homes at an exclusive Taylor Wimpey development in the popular location of Yarm. Contact our Sales Team now on 01642 947070 or email us sales@thirteengroup.co.uk to find out more! 
 
 


Local area information

If you haven’t discovered the charms of Yarm yet you only need to explore the historic High Street and the River Tees that runs through the town to get a real sense of the place. The town offers plenty to see and do including the shops, bars and restaurants on the High Street as well as a general ambience that the popularity of the High Street creates.


Plot availability

Plot number The Gosford
Tenure Shared ownership
Availability Available
Bathrooms 2
Minimum share 25%
Minimum share price £47,500
Full market price £190,000
Monthly rent £363

As part of our Shared Ownership scheme, this home is available to purchase from a 25% share of £47,500 and a deposit as little as £2,375!

Aimed to help lower income, first time buyers, Buyin Part, Shared Ownership is a faster way to get onto the property ladder. With only a small deposit required, you can kick start your journey to home ownership through our part buy, part rent process where you will be required to buy a share of your home while paying rent on the remaining share.

You can learn more about our Shared Ownership scheme here.

If you haven’t discovered the charms of Yarm yet you only need to explore the historic High Street and the River Tees that runs through the town to get a real sense of the place. The town offers plenty to see and do including the shops, bars and restaurants on the High Street as well as a general ambience that the popularity of the High Street creates.

There are a number of schools close to Morley Carr Farm including primary and secondary facilities in addition to the independent Yarm School which is located to the East of the town centre. There are plenty of places to explore including local parks and the River Tees as well as the North York Moors further to the south of the town and the Yorkshire Coast to the east. For sports fans there are a number of nearby Golf Courses, opportunities to walk or cycle in the glorious countryside surrounding the town as well as Middlesbrough Football Club for fans of Premier League football.

Transport is one of the benefits of living here with a train station close to Morley Carr Farm as well as access to the A19 and A66 which affords access to the wider North Yorkshire and North East regions. If you are travelling further afield then Durham Tees Valley Airport is also on the towns doorstep.

The latest phase of this exclusive Taylor Wimpey development includes 3 bedroom Gosford home - ideal for families, couples and singles alike. This spacious and stylish accomodation features:

  • Good sized lounge
  • Kitchen/dining area
  • Fitted kitchen with built in appliances
  • En-suite showeroom to master bedroom
  • Double glazing
  • Turfed garden
  • Fencing to all sides
  • Downstairs w/c

Estimated monthly finances on a Gosford:

  • 25% share: £47,500
  • 5% deposit: £2,375
  • Total rent (pcm): £363

*Please note photography is for illustration purposes. Share offered is dependant on individual financial situation and may differ from those shown. 5% typical deposit required by mortgage lender when mortgage is required. Actual deposit may vary based on lender and personal circumstances.


FAQ's

Min share price from: £47,500 for a 25% share
Full price from: £190,000
Minimum deposit from: £2,375
Monthly rent from: £363
Bedrooms: 3
Bathrooms: 2

There is only one available priced at £47,500 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

Thirteen
Shared ownership

Starting prices

25% share from
£47,500
Full price
£190,000
Minimum deposit
£2,375
Monthly rent
£363