Shared Ownership Properties For Sale in Durham, Durham 🏡

Durham New developments now have shared ownership homes available, giving you the chance to live in a brand new build. Durham Shared ownership means you only purchase a share, usually between 25-75%, of the full market value of the property. You pay rent on the remaining share owned by a housing association. It makes the initial outlay much more affordable.One place really catching my eye is a new shared ownership development just outside of Durham. They have spacious two and three bedroom houses with open plan living areas, integrated appliances and maintenance gardens. Durham Prices start from for value. 50% share, with rental payments of about £300-400 per month. That's way cheaper than the average mortgage in the area. Even better, the location is superb. A quick 10 minute commute into the city center by train. The development is also surrounded by lovely countryside so you really feel like you have the best of both worlds. There's plenty of parks and walking trails on the doorstep too if you need to clear your head after a long day. As your income rises, you can choose to staircase buying additional shares until you own the whole property outright. It's a great way to get a foot in the property ladder and build up equity over time. I'd recommend popping down to check out the new show home and speak to the developer about the scheme. Durham Shared ownership could well be the key to owning your dream home sooner than you ever thought possible.