Affordable 59% share in Yarm — garden, driveway and EPC B in a well-served village.
59% shared ownership example price £126,850; 5% minimum deposit possible
A bright three-bedroom semi-detached house in Yarm offered via Shared Ownership, priced at £126,850 for a 59% share of a £215,000 market value. The home provides a practical layout across two storeys with a living room, kitchen/diner, three bedrooms and a family bathroom, plus an enclosed rear garden and private double driveway. EPC band B and fast broadband make this suitable for remote working and modern living.
This tenure suits first-time buyers seeking a lower deposit route (5% minimum) into an affluent village location with good schools nearby and easy access to Yarm town centre and rail links. Monthly example costs are transparent: rent on the unsold share £233.69, service charge £92.61, total illustrative monthly payment £326.30 (plus mortgage on the share). Annual rent increases apply each April.
Material considerations are clear: the property is leasehold with 118 years remaining and an average annual service charge of £1,111.32. Shared ownership limits resale and staircasing rules may apply and could affect mortgage options; buyers should seek legal and financial advice. Local crime is reported above average for the area — a practical point for prospective purchasers.
Overall this is a practical, modestly sized family home with easy parking, garden space and sensible running costs. It will appeal most to those prioritising an affordable route onto the property ladder in a well-served village setting, but buyers must be comfortable with shared ownership obligations and the leasehold status.
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