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)
The Aspens, 3 bed homes
Ready to view? We are too! Take the next step to getting new home ready by booking your personal viewing appointment.
If you're not quite ready to view in person yet, you can still book a virtual viewing; whichever works for you.
Conveniently located on the edge of Birtley and close to the famous Angel of the North, The Aspens is a collection of semi-detached three-bedroom homes, with 8 available now through shared ownership.
Perfect for first time buyers and families, our stylish new homes offer plenty of room for relaxing and entertaining, fitted kitchens with integrated appliances, and pleasant gardens. There’s a great range of local amenities right on the doorstep and you’re in a great location for commuting too.
Prices start from £220,000, but with shared ownership, you could purchase a 25% share for as little as £55,000 and pay rent on the remaining share. This means your total monthly payments could be as low as £686. If you're buying with a mortgage, you only need a 5% deposit for the amount you borrow, meaning your deposit could be as low as £2,750*
*This is based on a 25% share (£55,000) of a 3 bedroom house valued from £220,000 with a 5% mortgage deposit (£2,750). The estimated monthly service charge is approximately £32. The share you buy is dependent on your financial and personal circumstances.
Photos and CGIs are for illustrative purposes only and may feature previous developments.
Local area information
With easy access to the A1(M) and A19, The Aspens is perfectly placed for commuting to Gateshead, Newcastle, Sunderland and Durham.
Birtley offers a range of amenities, with well-regarded local schools and a number of doctors’ surgeries and pharmacies.
There's a wide choice of shopping options - from convenience stores and supermarkets to the vast selection of major retail outlets at Intu MetroCentre, where you’ll also find a great choice of entertainment and eateries. For lively days and nights out, Newcastle city centre is in easy reach and offers a huge choice of shopping, entertainment and leisure.
The heritage and architecture of Gateshead, the wonderful coastline and the County Durham countryside are all just a short drive away too, so you can easily enjoy everything the North East has to offer.