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Please note: Flooring is included upon reservation. Images used are for marketing purposes only.

This brand new 3 bedroom property is situated in the beautiful countryside village, Sadberge. The property boasts a brand new fully-fitted kitchen, a spacious living room with double doors overlooking its own back garden. Upstairs features three bedrooms that all benefit from natural light and a brand new family-sized bathroom. The property includes allocated parking with car port alongside a path following the front of the house with easy access into Sadberge village.

Whilst the property is situated in the heart of the north’s countryside, Darlington train station is approximately 10 minutes away. Also, Sadberge is included in the Tees flex service connecting you to all destinations within the region.

This property is on the Shared Equity scheme.

This purchaser owns 100% of the home on day one (unlike shared ownership) but they only pay for part of the equity initially. 65% equity is purchased on day one. This is a freehold purchase. No rent is paid.

The purchaser would fund the initial equity amount in the normal way of a deposit and mortgage. The remaining equity is held by Hellens Residential as a second charge for a time period (this is usually repayable on the 10th anniversary after purchase of the initial equity).

The Hellens Residential equity is then repaid at the end of the second charge period or when the purchaser sells the property (the earlier of the two events). The amount repayable to Hellens Residential is interest free and fixed at the initial purchase price. The equity loan needs to repaid in one lump sum.

When it comes to resale, there are no affordable home restrictions on the title. The seller would put their property on the market at full market value. From the sales proceeds received, they would first repay their mortgage, second Hellens Residential and any remaining funds they would retain.