Buy a home

This brand new 2 bedroom bungalow is situated in Chilton, Ferryhill.

This property features 2 bedrooms, family bathroom and a spacious dining/living area with a brand new modern fully-fitted kitchen. The property boasts solar panels, EV charging, a rear garden, and its own driveway.

Discount Market Sale Scheme:

Discount Sale is where the buyer purchases 100% of the property including the freehold but at a 20% discount to Market Value. This % is dictated by the Local Authority.

There is a restriction on the title of the property that if the purchaser was to sell on their property in the future then they would need to get it valued at the point of sale then sell it on at the same % discount for which they purchased it. This applies to all future buyers to ensure the property is affordable in perpetuity.

Key features of Discount Sale

The price quoted is the purchase price you will have to pay.
You own your home (including the freehold) from Day One.
There are no further payments to make to Hellens Residential.
When / If you sell your home in the future you must sell it on at the same discount to market value at which you purchased it.

Are you Eligible?

You must have a household income of less than £80,000 per annum.
Have a deposit for the property.
Be in employment and qualify for a mortgage.
Be aged over 18 and have a bank, Post Office or building society account.
Have savings or equity of less than £150,000 after you have purchased the home.