Bishops Park
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3 Bedrooms Semi-detached house |
|---|---|
| Property Number | 33 |
| Availability | FOR SALE |
| Advertised Share | 50% |
| Full Market Price | £195,996 |
| Deposit From | £4,900 |
| Monthly Rent | £225 |
| Monthly Mortgage Cost | £542 |
| Monthly Service Charge | — |
| Estimated Monthly Cost | £767 |
| Bedrooms | 3 |
| Bathrooms | — |
| Number Of Floors | 2 |
| Tenure | Leasehold |
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Bishops Park
Overview
Bishops Park, nestled in the vibrant market town of Bishop Auckland in the Vale of Durham, offers a collection of 3 and 4-bedroom homes perfect for families, professionals, and first-time buyers alike. This development combines modern living with the charm of a historic town, known for its stunning views over the River Wear and rich cultural heritage. Residents can explore Auckland Castle, indulge in shopping at Bishop Auckland Retail Park, and enjoy the convenience of nearby schools rated 'Good' and 'Outstanding' by Ofsted. With Durham just an 18-minute drive away and Newcastle reachable in around 42 minutes, Bishops Park provides both serenity and accessibility for commuters.
- Final 10 homes now available: Beat stamp duty changes! Act fast - Visit us today!
- Final 2 homes available with Home Stepper: A shared ownership scheme available at Bishops Park!
- Homes available with buying schemes such as Home Exchange & Smooth Move: Let us take the stress from your move!
- Less than 2 miles from supermarkets, banks, a post office, and an excellent choice of shops
- Close to the A1(M) providing an easy commute to cities such as Durham, Sunderland and Newcastle.
- A wide choice of energy efficient new homes: save on your annual energy bills* - Save up to 58% on energy
- Step into something new... with 3 great reasons to buy! Ask our friendly, experienced team for more information
We have two showhomes available to view: The Mayfield and The Goodridge, and you can explore our development with our 3D interactive siteplan technology!
*Part Exchange available on selected plots only. T&C's apply. Contact us for more information.
Bishop Auckland, a thriving market town in the Vale of Durham, stands high above the River Wear and enjoys stunning views of the surrounding countryside. It is home to many historical attractions, while offering a vibrant shopping scene. Auckland Castle tells stories of the town's fascinating past as well as offering highly scenic walks. Shoppers can enjoy the Bishop Auckland Retail Park and the town's household name stores, while parents will be pleased to find schools rated Good and Outstanding by Ofsted nearby. For travel and commuting, Durham is only an 18 minute drive away, while Newcastle is around 42 minutes by car.
Those with children will have a choice of Ofsted rated schools, while commuters will appreciate the A1(M) and Bishop Auckland train station being within easy reach of home.
And for anyone who loves history, Auckland Castle and its park - believed to be 1,500 years old - are close by. With all this, plus plenty of green open space nearby, a new home at Bishops Park could be for you.
Moving made easy
Do you have a home to sell? No problem! We could buy your current home so that you can buy one of ours with Home Exchange† or we could help sell your current home with Smooth Move‡ - either way you won't have to instruct estate agents or incur their fees!
Key Features
- En-suite to bedroom 1
- Large living room
- Open plan kitchen and dining with French doors to the garden
- Downstairs cloakroom
- Useful understairs storage
- Three good sized bedrooms
- Low cost energy efficient homes
- 10 year NHBC Buildmark warranty
Brochures
Site Plan
FAQs
Shared ownership is a government-backed scheme, designed to make stepping onto the property ladder more affordable. You buy a portion of a home normally with a mortgage and a deposit, and pay a low-cost rent on the rest.
The eligibility criteria for Shared Ownership is simple; as long as you don't currently own, or won't own another property when you move in to a new home, you're likely to qualify.
Your annual household income (that's both yours and your partners' if buying together) can't exceed £80,000 (or £90,000 in London) and you'll need to have savings to cover purchasing costs such as solicitors fees and your mortgage deposit.
There's no fixed minimum income; you just need to be able to afford to buy the home and the monthly costs - this will be established via an affordability.
No - the scheme is designed to help people buy a suitably sized home that they cannot afford to buy otherwise. That typically means first time buyers, but if you've owned a home before and are selling, perhaps due to a divorce or needing to buy a bigger home, and cannot afford to buy, you might be eligible for Shared Ownership.
All Shared Ownership properties will have a service charge. If there is not one showing on the listing it will be in the Key Information Document that is available with the listing.
In shared ownership, a service charge is a monthly or periodic payment made by the shared owner towards the cost of maintaining and managing the communal areas of the building or estate. It's separate from the rent paid on the share of the property not owned.
Affordability Calculator
Disclaimer
The figures and estimates shown in this calculator should not be relied on as confirmation of affordability and should only be used as an indicative guide to monthly costs. The monthly rental cost is based on 2.75% on the retained equity (subject to change please ask your sales agent). This will usually increase by the annual rate of RPI. The monthly mortgage cost is based on a Variable Rate Mortgage at 4.75% over a 30-year repayment loan. Other costs will apply such as service charge. Sage Homes is not authorised or regulated by the Financial Conduct Authority to provide financial advice. You should always seek advice and recommendations from an independent financial advisor regarding mortgage products, affordability, interest rates, repayment methods and terms and conditions. You should also seek independent legal advice. Your home may be repossessed if you do not keep up payments on a mortgage or any other loan secured against it.