3 Bedroom Terraced For Sale

Price Information*

Full Market Value: £147, 500
Share: 25%
Rent pcm: £277.71
Share Value: £36, 875

* Terms & Conditions Apply. Please contact us today for more information

The Rise

Thirteen Group are proud to be part of The Rise. We have just taken ownership of our first phase of 3 bed houses and we are now taking applications through Help to Buy neyh.

Prices start at £36, 250 for a 25% share in plots 35 and 36 and initially go up to £108, 750 for a 75% share.

Prices for plots 16 and 17 start at £36, 875 for a 25% share and go up to £110, 625 for a 75% share.

Property specifications vary but the minimum specification includes:

3 bedrooms

Dining kitchens

Terraced gardens

Family bathroom with shower over bath

Double glazing

Chrome ironmongery

Shed and turfed garden

Off street parking

Innovative central heating system

Sustainable home

Future phases will include more 3 bed homes as well as 2 bedroom properties.

Work on The Rise began in August and the 66 hectare site will eventually provide 1, 800 new, affordable and sustainable homes constructed. The project - the biggest housing led regeneration initiative in the North East - is being delivered by The New Tyne West Development Company, a public/private partnership between Newcastle City Council, Barratt Homes and Keepmoat.

Contact us today for more information.

Shared ownership

Shared ownership is a scheme that helps people get onto the property ladder who might have previously thought buying a new home was unaffordable.

Through shared ownership, you can buy a share in the property with a mortgage and pay an affordable rent for the remaining share that you don’t own. You can initially own a share between 25% and 75% of the property, and over time you can buy more shares until you own the property outright.

As a shared owner, you will benefit from any increase in market value over time, but equally if the market value decreases your share value can also go down.

You will be able to make any alterations and improvements to your home, as well as selling it if you want to move. To access shared ownership you will need to meet a minimum set of qualification criteria which includes an income assessment to make sure you can afford the mortgage and rent. If you currently own a property, you may qualify for shared ownership in some circumstances. Once you have been approved and have chosen a new home, you will purchase the property just like any other new home – obtaining a mortgage from the lender of your choice.

Contact us today for more details, and information on how to apply.