Affordable 25% share with driveway and enclosed garden, close to town centre.
25% shared ownership — £33,750 for the share
A practical entry into homeownership, this modern mid-terrace offers a 25% shared ownership share for an affordable initial outlay. The house includes three bedrooms (master with en suite), a bright lounge, and a contemporary dining kitchen — useful space for first-time buyers or those downsizing. Externally there is a double-width driveway and an enclosed rear lawn with patio for low-maintenance outdoor living.
Monthly running costs for the unsold share are material: a rent of £306.26 is payable on the remaining 75%, plus a £25.61 monthly management fee and a £6.10 annual buildings insurance charge. The property is leasehold with 119 years remaining and council tax is described as cheap — useful for budgeting, but buyers should factor the ongoing rental and service costs into affordability calculations.
Located on the popular Merrington Park estate, the house is close to Spennymoor town centre and offers straightforward access to Durham City and the A1(M). Local schools have Good ratings and mobile and broadband connectivity are strong, making the home practical for daily life and commuting. The interior is generally modern though some decorative updating may be desired to personalise the space.
This property suits buyers seeking an affordable step onto the ladder or investors considering shared-ownership models. Viewings are recommended to assess room sizes and condition in person and to confirm suitability given the shared-ownership obligations.
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