North Farm

2 - 4 bedroom homes in Blyth, East Riding of Yorkshire, NE24 3PW

Tenure Shared ownership
What is Shared Ownership?
Availability Available
Min share price from £91,750 for 50% share
Full price from £183,500
Bedrooms 2-4
Bathrooms 2 - 3
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

Situated in Blyth, Northumberland, close to the A19 and A1, and less than 13 miles from the centre of Newcastle, these beautiful homes are ideal for young professionals and growing families. The town itself is home to a popular indoor shopping centre and a variety of markets, three days a week. Living at North Farm will mean you are just a short walk from the popular South Beach, with its beautiful stretch of golden sand and idyllic views. 

North Farm is also close to the popular seaside town of Whitley Bay and, with a vast number of other coastal / rural walks and attractions offered in Northumberland, those searching for property for sale in Blyth will find there is much to this part of the North East to be discovered by all the family.

Status Plot No. Floor Beds Min share price Eligibility
Available Sheringham 3 bed House 3 £91,750 View details
Available Sennen 4 bed N/A 4 £115,748 View details

FAQ's

Min share price from: £91,750 for a 50% share
Full price from: £183,500
Monthly rent from: £315
Bedrooms: 3
Bathrooms: 2

There are 2 available ranging from £91,750 for a 50% share to £115,748 for a 50% 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.

North Farm

2 - 4 bedroom homes in Blyth, East Riding of Yorkshire, NE24 3PW

Tenure Shared ownership
What is Shared Ownership?
Availability Available
Min share price from £91,750 for 50% share
Full price from £183,500
Bedrooms 2-4
Bathrooms 2 - 3
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