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)

Wood Avens Village, 3-4 bed homes


Wellfield Road, Durham, Durham County, TS28 5JZ

Shared ownership

Starting prices

25% share from
£42,500
Full price
£170,000
Minimum deposit
£2,125
Monthly rent
£327

Overview

Now released! We are offering a number of beautiful 3 and 4 bedroom homes at an exclusive Avant Homes development in theCounty Durham village, Wingate! 

Register your interest. 


Local area information

The village of Wingate has many local amenities and the site is ideally positioned with Durham city centre nine miles away via the A1, where you'll find famous name retailers, international cuisine and lively nightlife.


Plot availability

Plot number The Stourbridge
Tenure Shared ownership
Availability Available
Bathrooms 2
Minimum share 25%
Minimum share price £42,500
Full market price £170,000
Monthly rent £322
Ownership Leasehold

As part of our Shared Ownership scheme, this home is available to purchase from a 25% share of £42,500 and a deposit as little as £2,125!

Aimed to help lower income, first time buyers, 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, between 25% - 75%, while paying rent on the remaining share.

As a 3 bedroom, semi-detached home with off street parking spaces, this Newbridge home is perfect for growing families looking for their dream home. The village of Wingate has many local amenities and the site is ideally positioned with Durham city centre nine miles away via the A1, where you'll find famous name retailers, international cuisine and lively nightlife.

The Stourbridge includes features such as:

  • Designer kitchen
  • Open plan dining area
  • Spacious living area
  • Bi-folding doors opening out into the garden
  • Downsairs WC
  • Under-stairs storage cupboard
  • En-suite to the master bedroom
  • Additional double room with generous single room
  • Contemporary sanitaryware
  • Heated towel rail
  • Heating controlled by Hive wireless thermostat

Estimated monthly finances on a Stourbridge:

  • 25% share: £42,500
  • 5% deposit: £2,125
  • Total rent (pcm): £322

* Please note, photography used 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.

Plot number The Newbridge
Tenure Shared ownership
Availability Available
Bathrooms 2
Minimum share 25%
Minimum share price £46,249
Full market price £184,995
Monthly rent £348
Ownership Leasehold

As part of our Shared Ownership scheme, this home is available to purchase from a 25% share of £46,429 and a deposit as little as £2,312! 

Aimed to help lower income, first time buyers, 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, between 25% - 75%, while paying rent on the remaining share.

As a 3 bedroom, semi-detached home with off street parking spaces, this Newbridge home is perfect for growing families looking for their dream home. The village of Wingate has many local amenities and the site is ideally positioned with Durham city centre nine miles away via the A1, where you'll find famous name retailers, international cuisine and lively nightlife.

The Newbridge includes features such as:

  • Designer kitchen
  • Open plan dining area
  • Spacious living area
  • Bi-folding doors opening out into the garden
  • Downsairs WC
  • Under-stairs storage cupboard
  • En-suite to the master bedroom
  • Additional double room with generous single room
  • Contemporary sanitaryware
  • Heated towel rail
  • Heating controlled by Hive wireless thermostat

Estimated monthly finances on a Newbridge:

  • 25% share: £46,249
  • 5% deposit: £2,312
  • Total rent (pcm): £348

* Please note, photography used 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: £42,500 for a 25% share
Full price from: £170,000
Minimum deposit from: £2,125
Monthly rent from: £322
Bedrooms: 3
Bathrooms: 2

There are 2 available ranging from £42,500 for a 25% share to £46,249 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
£42,500
Full price
£170,000
Minimum deposit
£2,125
Monthly rent
£327