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3 Bed Mid Terraced House

Property Sold STC in Sunniside
Property Sold STC in Sunniside
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Violet Close, Sunniside

£43,750 - Sold STC

Currently Under Construction; An early opportunity to acquire a share in what will be a beautiful three bedroom mid-terrace home. Built by Avant Homes, to their open plan 'Ashton' design, within the highly regarded Causey Heights development in Sunniside; This property is designed for modern living with a quality range of contemporary fixtures and fittings and is expected move in ready for September 2021.

Features

  • Mid-Terrace
  • Three Bedrooms
  • Open Plan Living
  • Sought After Development
  • Brand New Home
  • 25% Shared Ownership

THE PROPERTY Currently Under Construction; An early opportunity to acquire a share in what will be a beautiful three bedroom mid-terrace home. Built by Avant Homes, to their open plan 'Ashton' design, within the highly regarded Causey Heights development in Sunniside; This property is designed for modern living with a quality range of contemporary fixtures and fittings and is expected move in ready for September 2021.
In conjunction with Karbon Homes; this superb home is available to purchase on a flexible Part Rent - Part Buy basis providing prospective purchasers an affordable option to reside within a highly sought after development that is also situated in a great location. Accommodation comprises: entrance hall, cloaks/WC and open plan lounge / diner / kitchen with a range of integrated appliances. To the first floor lies three well proportioned bedrooms and a family bathroom. A block paved drive provides off street parking for two cars to the front of the property and there is an enclosed garden laid to lawn to the rear.

LOCATION Set in semi-rural surroundings this particular development is sure to provide an ideal location for a range of potential purchasers as it is within easy commuting distance of the A1 North and South, the Metro Centre, Newcastle and Gateshead City Centres and Newcastle International Airport. Sunniside offers a range of shops, amenities, schools and recreational activities, as does Whickham, Beamish and Marley Hill which are also nearby.

SHARED OWNERSHIP Shared Ownership provides a strong foundation for life: Shared Ownership allows you to buy a share in a New Home on a Part Buy - Part Rent basis. Your initial share can range from 25% to 75%, depending upon what you can afford and you will pay a reduced rent on the remaining share.
The advantage to you as a buyer is that you only need to get a smaller mortgage to buy the property, and therefore will only need a smaller deposit (Your deposit is a percentage of the share that you are buying and NOT based on the full value of the property). You can buy more shares as and when you can afford them - this is called 'Staircasing'. As you buy more shares in your home you will inevitably pay less rent and in most cases you can eventually own 100% of the property, at which point you will pay no rent at all.
Shared Ownership allows flexibility to sell and move at any time, potentially benefitting from any increase in property prices. You are under no obligation to buy more shares but if / whenever the time is right for you, you can buy shares in multiples of 10% or 15% generally after a minimum period of 3 months.

WAYS TO BUY A 25% share in this home is available to purchase priced at £43,750 - Monthly Rent will equate to £300.78
A 50% share in this home is available to purchase priced at £87,500 - Monthly Rent will equate to £200.52
A 75% share in this home is available to purchase priced at £131,250 - Monthly Rent will equate to £100.26
Full Market Value of this home is currently: £175,000


A NOTE FROM SUZANNE Myself and my team endeavour to make our sales particulars accurate and reliable in line with the Consumer Protection Regulations of 2008 and the Business Protection from Misleading Marketing Regulations 2008. All details have been reported to us via our homeowners in good faith and nothing is deemed to be a statement that the property is in good structural condition or otherwise. Please satisfy yourself that all services, systems, appliances, facilities and equipment are in good working order as they have not been tested by us and we cannot guarantee their operating ability or efficiency; They do not constitute or form part of any offer or contract. All measurements, floor plans, reference to areas and distances are approximate. They are to be taken as a guide to you, a prospective buyer / tenant; They may not be exact, precise or to scale and some of our particulars may well be awaiting vendor approval. It is unlikely that my team and I will have seen sight of the relevant documentation to verify tenure, lease, fixtures and fittings, planning/building regulation consents or build warranty prior to marketing. As an agency we work hard to ensure our service to you is honest, fair and completely transparent. If you were ever to find yourself to be in a situation without satisfactory in-house resolve, rest assured; Suzanne Graham Estate Agents are members of TPOS (The Property Ombudsman Scheme) and follow the TPO Code of Practice, raising standards across our industry. Should you require clarification or further information on any of these points, please contact us; especially if you are traveling some distance to view.