Property Details

Plot 15 The Cherry

£49,249 for 25%
Scheme: Shared Ownership
Developer: Home Group
Development: Arcot Manor
3 2
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Property Spec


About this Property

Property Features:

  • Available to buy through our shared ownership scheme
  • Idyllic location, set in the beautiful Northumberland countryside
  • Great kitchen spec, appliances included
  • Garage and off-street parking

Property Overview:

Our collection of three bedroom homes at Arcot Manor are in an idyllic location, set in the beautiful Northumbrian countryside close to Northumberlandia community park.

Our homes are perfect for a growing family with well-regarded schools close by, shopping and leisure facilities less than a ten minute drive away and beautiful Northumberland countryside right on the doorstep. Our homes are available through shared ownership, a more affordable way to get on the property ladder. 

The entrance hallway leads to a spacious living room, followed by a bright and airy kitchen with integrated appliances and French doors that open out onto the enclosed rear garden. From the entrance hallway, there is also a downstairs cloakroom. To the first floor, there is a master bedroom with en-suite and storage cupboards, a double bedroom a single bedroom, as well as a family bathroom.

The Cherry specification includes:

  • AEG gas hob, electric oven and extractor
  • Integrated AEG dishwasher
  • Integrated AEG fridge-freezer
  • Integrated AEG washing machine
  • Fencing to the rear garden
  • Beautiful bathroom, en-suite and cloakroom tiling
  • Off-street parking 
  • A garage

Our homes start at £196,995, but with our shared ownership scheme, you could purchase a share of a home for as little as £49,249 (a 25% share) and pay a subsidised rent cost on the remaining share. This means your total monthly payments could be as low as £613*, making the cost of buying a new home more affordable.

When buying a new home, the mortgage deposit needed can be substantial. With shared ownership, you only need a 5% deposit of the share amount, this means it could be as little as £2,462*. The share amount you purchase is based on your own circumstances and affordability.

To qualify for shared ownership, there are few boxes you need to tick: 

  • You are not currently a home owner
  • You have a household income of less than £80,000
  • You have a sufficient deposit (a minimum of 5%) for the percentage of the home you'd like a mortgage for
  • You can prove you can afford the monthly mortgage repayments

Estimated monthly service charge: £27

*This is based on a 25% share (£49,249) of a three bedroom house valued from £196,995 with a 5% mortgage deposit (£2,462). Photos are for illustrative purposes only. 

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