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Cherry Tree Park – heylo shared ownership

Shared ownership

Ryhope, Sunderland, SR2 0NE

For salenew home
Shared ownership
Photo of Cherry Tree Park – heylo shared ownership
Live from space album cover
  • from

    £112,998

    3 bedroom

from

£112,998

with min. deposit

£5,650

Heylo Housing

£112,998

3 bedroom house

Availability

For sale

Minimum share

50%

Full market price

£225,995

Deposit from

£5,650

Monthly rent

£376

Bedrooms

3

Bathrooms

2

Reception rooms

1

Furniture status

unfurnished

Number of floors

2

Entrance floor

Ground floor

Tenure

leasehold

Property features

On street/resident parkingRear Garden

Overview

Cherry Tree Park, Sunderland, is made up of 3-bed homes now available through shared ownership.

*Images are for illustrative purposes only. Please speak to Sales Adviser for full details*

**Prices vary across plots, please speak to a sales advisor for more information**
 

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.

Read more on the Shared Ownership FAQ

Help to Buy is an equity loan scheme to help you buy a new home. If you have a 5% deposit and can cover 75% of the value of the home with a mortgage (or 55% in London), the Government will lend you up to the remaining 20% (40% in London) in the form of an equity loan that carries 0% interest in the first 5 years. This is available on a variety of new-build properties for first time buyers and is subject to the property price, the subsequent price cap in that region and the developer offering the option.

You can read more on the Help to Buy FAQ

The rules for shared ownership are different to a private purchase. In short, 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. Help to Buy is available to first time buyers only and the property value itself must fall below a price threshold for that specific area which varies in terms of the average house price in the region.

Read more about eligibility in the FAQ

Some properties require you to live or work in the local area in order to be eligible to buy them. By knowing the areas in which you live and work, we can make sure you see everything available to you.

from

£112,998

with min. deposit

£5,650

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