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Bishops Park II

Off Douglas Crescent, DL14 8RG

Shared ownership
Shared ownership
The Eveleigh - Bishops Park II - Home Stepper - North East - CKC
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Register your interest

  • From

    £92,998

  • With min. deposit

    £4,650

Developer Phone Number:

  • From

    £92,998

    3 bedroom

  • From

    £121,498

    4 bedroom

Linden Homes (Sage)

£92,998

3 bedroom semi-detached house

£97,998

3 bedroom semi-detached house

£97,998

3 bedroom semi-detached house

£121,498

4 bedroom detached house

Availability

For sale

For sale

For sale

For sale

Advertised Share

50%

50%

50%

50%

Full market price

£185,996

£195,996

£195,996

£242,996

Deposit from

£4,650

£4,900

£4,900

£6,075

Monthly rent

£213.12

£224.58

£224.58

£278.43

Monthly Mortgage Cost

£514

£542

£542

£672

Total Monthly Spend

£728

£767

£767

£951

Bedrooms

3

3

3

4

Bathrooms

Number of floors

2

2

2

2

Tenure

leasehold

leasehold

leasehold

leasehold

Overview

Bishop Auckland, a thriving market town in the Vale of Durham, stands high above the River Wear and enjoys stunning views of the surrounding countryside. It is home to many historical attractions, while offering a vibrant shopping scene. Auckland Castle tells stories of the town's fascinating past as well as offering highly scenic walks. Shoppers can enjoy the Bishop Auckland Retail Park and the town's household name stores, while parents will be pleased to find schools rated Good and Outstanding by Ofsted nearby. For travel and commuting, Durham is only an 18 minute drive away, while Newcastle is around 42 minutes by car.

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FAQs

Shared ownership is a government-backed scheme, designed to make stepping onto the property ladder more affordable. You buy a portion of a home normally with a mortgage and a deposit, and pay a low-cost rent on the rest.

The eligibility criteria for Shared Ownership is simple; as long as you don’t currently own, or won’t own another property when you move in to a new home, you’re likely to qualify.


Your annual household income (that’s both yours and your partners’ if buying together) can’t exceed £80,000 (or £90,000 in London) and you’ll need to have savings to cover purchasing costs such as solicitors fees and your mortgage deposit. There’s no fixed minimum income; you just need to be able to afford to buy the home and the monthly costs - this will be established via an affordability assessment.

No - the scheme is designed to help people buy a suitably sized home that they cannot afford to buy otherwise. That typically means first time buyers, but if you've owned a home before and are selling, perhaps due to a divorce or needing to buy a bigger home, and cannot afford to buy, you might be eligible for Shared Ownership.

Disclaimer

The figures and estimates shown in this plot illustration should not be relied on as confirmation of affordability and should only be used as an indicative guide to monthly costs. The monthly rental cost is based on 2.75% on the retained equity (subject to change please ask your sales agent). This will usually increase by the annual rate of RPI or CPI. The monthly mortgage cost is based on a Variable Rate Mortgage at 5.50% over a 25-year repayment loan at a 95% LTV. Other costs will apply such as service charge. Sage Homes is not authorised or regulated by the Financial Conduct Authority to provide financial advice. You should always seek advice and recommendations from an independent financial advisor regarding mortgage products, affordability, interest rates, repayment methods and terms and conditions. You should also seek independent legal advice. Your home may be repossessed if you do not keep up payments on a mortgage or any other loan secured against it.

Register your interest

  • From

    £92,998

  • With min. deposit

    £4,650

Developer Phone Number: