Summary - 47, MOORE ROAD DL16 7FY
3 bed 2 bath End of Terrace
- 50% shared ownership available; 50% share price £72,500
- Minimum 5% deposit required (£3,625) for the 50% share
- Three bedrooms; main bedroom with en-suite shower room
- Modern open-plan kitchen/diner with French doors to garden
- UPVC double glazing and gas combi boiler, central heating
- Leasehold tenure; additional legal fees likely for purchase
- Rent on unsold share £166.15 pcm; estate charge ~£41.93 pcm
- Service charge £501.16 (below average); council tax inexpensive
A well-presented three-bedroom semi-detached home offered as a 50% shared ownership, ideal for first-time buyers looking to step onto the property ladder with a smaller upfront cost. The ground floor has a front lounge and modern open-plan kitchen/diner with French doors onto an enclosed rear garden. Neutral décor and current fittings mean the property is move-in ready for many buyers.
Upstairs there are two double bedrooms and a single, with the main bedroom enjoying an en-suite shower room; a family bathroom completes the first floor. The house benefits from UPVC double glazing, a gas combi boiler and gas central heating, plus an average-sized 840 sq ft layout that suits couples or young families. Broadband and mobile signals are strong and the location gives easy access to the A167/A1 and local amenities in Spennymoor.
Important purchase details to note: this is leasehold, sold via shared ownership at a 50% share price of £72,500 with a minimum 5% deposit of £3,625. Rent on the unsold share is currently estimated at £166.15 pcm, and there is an estimated estate charge of £41.93 pcm. The stated service charge is £501.16 (below average) and additional legal fees for shared ownership purchases are likely.
The property sits in an established, relatively affluent village setting with good local schools rated Good, making it practical for family life. While largely ready to occupy, buyers who want full ownership in future should factor in staircasing costs and ongoing rent/service charges when assessing affordability.
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