South Fields, 3 bed homes
Kickstart your home ownership journey! One of these wonderful homes could be yours with just a £2,438 deposit!
Learn more by contacting our Sales Team now and register your interest.
Local area information
At South Fields, Stobhill we have a number of high quality 3 bedroom homes, from an award-winning site manager. These homes are perfect for those looking to get onto the property ladder or find their new home in Morpeth.
You will find a great choice of shops, restaurants and schools all within a short distance which means the location is very popular with young professionals and families.
Min share price from: £48,750 for a 25% share
Full price from: £195,000
Minimum deposit from: £2,438
Monthly rent from: £366
There are 2 available ranging from £48,750 for a 25% share to £52,500 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.