Summary - 29 Hotspur North, Backworth, NE27 NE27 0FZ
2 bed 2 bath Semi-Detached
Two-bedroom starter with garden and allocated parking close to schools and transport.
Offered at 25% of market value via shared ownership
This two-bedroom semi-detached house is offered under shared ownership at £46,250 (25% of market value), making it a strong entry option for first-time buyers. The home provides a bright living room, modern kitchen, downstairs WC and two bedrooms with a family bathroom. A sunny rear garden with deck and an allocated parking bay plus additional off-street parking add practical outdoor space and ease for car owners.
The lease has about 118 years remaining. There is an annual service charge referenced at £639 (below average), and the shared-ownership arrangement carries a monthly rental charge of £422.74 plus a monthly service charge of £53.25 (includes buildings insurance and management). Prospective purchasers must meet Home Group Ownership eligibility and local residency/work criteria.
The location is convenient: local schools, shops and transport links are within walking distance and major routes (A19/A1) are easily reached. Broadband speeds are fast. The property sits in a generally affluent area with a family-oriented neighbourhood profile, but local crime levels are recorded as high, which buyers should weigh against the affordability and location benefits.
Overall, this is a practical, affordable route onto the housing ladder for buyers eligible for shared ownership who accept the ongoing rental/service costs and local safety considerations. The property appears well presented; buyers wanting long-term ownership should review the shared-ownership terms and ongoing charges before committing.
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