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


Aspen Close, Birtley, Gateshead, DH3 1FE

Shared ownership

Starting prices

25% share from
£55,000
Full price
£220,000
Minimum deposit
£2,750
Monthly rent
£378
Monthly service charge
£32

Overview

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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.


Plot availability

Plot number 101
Tenure Shared ownership
Availability Available
Bathrooms 2
Minimum share 25%
Minimum share price £55,000
Full market price £220,000
Monthly rent £378
Monthly service charge £32
Ownership Leasehold

The Elder is a three bedroom semi-detached house, perfect for first time buyers and families.

From the entrance hallway, you can access the living room - a great space to read, relax and entertain in. 

To the rear of the home is a modern kitchen/dining room featuring integrated appliances including double oven, dishwasher, fridge-freezer and washing machine. Elegant French doors open out into the rear garden – great for bringing people together on sunny days. There's also a convenient downstairs cloakroom and a handy storage cupboard accessible from the hallway. 

On the first floor there are two double bedrooms with ample room for wardrobes or furniture, and a versatile single bedroom. The modern family bathroom features Ideal Standard fittings, chrome accessories and a heated towel rail, while the master bedroom also benefits from its own en-suite. There’s also an additional storage cupboard off the landing, so clutter is easily keep to a minimum.

The Elder also features two driveway parking spaces to the front, giving you extra convenience whether bringing in the shopping or welcoming visitors.

Features

  • Three bedroom semi-detached home
  • Modern design
  • Stylish Symphony kitchen
  • Integrated Electrolux appliances
  • Modern bathroom with Ideal Standard fittings
  • En-suite to master bedroom
  • Downstairs cloakroom
  • Fenced rear garden
  • Plenty of storage
  • Off-street parking
Plot number 109
Tenure Shared ownership
Availability Available
Bathrooms 2
Minimum share 25%
Minimum share price £55,000
Full market price £220,000
Monthly rent £378
Monthly service charge £32
Ownership Leasehold

The Elder is a three bedroom semi-detached house, perfect for first time buyers and families.

From the entrance hallway, you can access the living room - a great space to read, relax and entertain in. 

To the rear of the home is a modern kitchen/dining room featuring integrated appliances including double oven, dishwasher, fridge-freezer and washing machine. Elegant French doors open out into the rear garden – great for bringing people together on sunny days. There's also a convenient downstairs cloakroom and a handy storage cupboard accessible from the hallway. 

On the first floor there are two double bedrooms with ample room for wardrobes or furniture, and a versatile single bedroom. The modern family bathroom features Ideal Standard fittings, chrome accessories and a heated towel rail, while the master bedroom also benefits from its own en-suite. There’s also an additional storage cupboard off the landing, so clutter is easily keep to a minimum.

The Elder also features two driveway parking spaces to the front, giving you extra convenience whether bringing in the shopping or welcoming visitors.

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*

Features

  • Three bedroom semi-detached home
  • Modern design
  • Stylish Symphony kitchen
  • Integrated Electrolux appliances
  • Modern bathroom with Ideal Standard fittings
  • En-suite to master bedroom
  • Downstairs cloakroom
  • Fenced rear garden
  • Plenty of storage
  • Off-street parking
Plot number 110
Tenure Shared ownership
Availability Available
Bathrooms 2
Minimum share 25%
Minimum share price £55,000
Full market price £220,000
Monthly rent £378
Monthly service charge £32
Ownership Leasehold

The Elder is a three bedroom semi-detached house, perfect for first time buyers and families.

From the entrance hallway, you can access the living room - a great space to read, relax and entertain in. 

To the rear of the home is a modern kitchen/dining room featuring integrated appliances including double oven, dishwasher, fridge-freezer and washing machine. Elegant French doors open out into the rear garden – great for bringing people together on sunny days. There's also a convenient downstairs cloakroom and a handy storage cupboard accessible from the hallway. 

On the first floor there are two double bedrooms with ample room for wardrobes or furniture, and a versatile single bedroom. The modern family bathroom features Ideal Standard fittings, chrome accessories and a heated towel rail, while the master bedroom also benefits from its own en-suite. There’s also an additional storage cupboard off the landing, so clutter is easily keep to a minimum.

The Elder also features two driveway parking spaces to the front, giving you extra convenience whether bringing in the shopping or welcoming visitors.

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*

Features

  • Three bedroom semi-detached home
  • Modern design
  • Stylish Symphony kitchen
  • Integrated Electrolux appliances
  • Modern bathroom with Ideal Standard fittings
  • En-suite to master bedroom
  • Downstairs cloakroom
  • Fenced rear garden
  • Plenty of storage
  • Off-street parking
Plot number 111
Tenure Shared ownership
Availability Available
Bathrooms 2
Minimum share 25%
Minimum share price £55,000
Full market price £220,000
Monthly rent £378
Monthly service charge £32
Ownership Leasehold

The Elder is a three bedroom semi-detached house, perfect for first time buyers and families.

From the entrance hallway, you can access the living room - a great space to read, relax and entertain in. 

To the rear of the home is a modern kitchen/dining room featuring integrated appliances including double oven, dishwasher, fridge-freezer and washing machine. Elegant French doors open out into the rear garden – great for bringing people together on sunny days. There's also a convenient downstairs cloakroom and a handy storage cupboard accessible from the hallway. 

On the first floor there are two double bedrooms with ample room for wardrobes or furniture, and a versatile single bedroom. The modern family bathroom features Ideal Standard fittings, chrome accessories and a heated towel rail, while the master bedroom also benefits from its own en-suite. There’s also an additional storage cupboard off the landing, so clutter is easily keep to a minimum.

The Elder also features two driveway parking spaces to the front, giving you extra convenience whether bringing in the shopping or welcoming visitors.

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*

Features

  • Three bedroom semi-detached home
  • Modern design
  • Stylish Symphony kitchen
  • Integrated Electrolux appliances
  • Modern bathroom with Ideal Standard fittings
  • En-suite to master bedroom
  • Downstairs cloakroom
  • Fenced rear garden
  • Plenty of storage
  • Off-street parking

FAQ's

Min share price from: £55,000 for a 25% share
Full price from: £220,000
Minimum deposit from: £2,750
Monthly rent from: £378
Bedrooms: 3
Bathrooms: 2

There are 4 available ranging from £55,000 for a 25% share to £55,000 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

Home Group
Shared ownership

Starting prices

25% share from
£55,000
Full price
£220,000
Minimum deposit
£2,750
Monthly rent
£378
Monthly service charge
£32