Summary - Waters Hill Waters Hill 2 Boundary Way, Sunderland SR5 2QH
2 bed 1 bath Semi-Detached
Affordable entry for first-time buyers with low running costs and modern finishes.
New-build two-bed with 990-year lease and off-plan completion Dec 2025
Shared ownership: 40% = £80,000; full market £200,000
Rent on unsold share £275 pcm; estimated service charge £35 pcm
Private driveway with EV charging point and off-street parking
Energy features: PV panels and air-source heating reduce bills
Turfed, fenced rear garden and French doors from kitchen/dining
Area has high crime and very high deprivation — affects resale/risk
Available to reserve off-plan; reservation fee and deposit required
This two-bedroom, new-build home at Cricketers Hill offers an energy-efficient, low-entry route onto the housing ladder via shared ownership. Built 2025, the house includes modern fittings: shaker kitchen with integrated appliances, a contemporary family bathroom, private driveway with EV charging point, and a turfed rear garden. Photovoltaic panels and air-source heating reduce running costs compared with older stock.
The layout suits a first-time buyer or small household: open-plan kitchen/dining with French doors to the garden, separate living room, downstairs WC and two double bedrooms upstairs. New carpets and vinyl wet-area flooring are fitted throughout, and high-performance UPVC windows aid insulation. The long lease (990 years) is effectively equivalent to freehold security for most buyers.
Financially this is sold on shared ownership. Full market value is £200,000; a 40% share is priced at £80,000 with rent on the remaining 60% at £275pcm. Estimated monthly service charge is £35 and a one-off reservation fee applies. Completion is due December 2025 (off-plan), so buyers should budget for the deposit, reservation and any potential timing delays.
Be realistic about location factors: the property sits in an area of high crime and very high deprivation which may affect resale and day-to-day peace of mind. The home is a practical, modern starter with low running costs, but purchasers should weigh local area challenges alongside the affordability benefits of shared ownership.
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