Shared Ownership Properties For Sale in Mill Hill, Sunderland 🏡

Mill Hill scheme, you purchase an initial share of the Mill Hill property, typically between 25 ,75%, and pay rent on the remaining share that's owned by a Mill Hill housing association.  It's a great way to become a homeowner more affordably. I've seen some really nice two bed and terraced houses currently available through shared ownership developments across Sunderland. They've got modern one and two bedroom flats in a desirable area, within walking distance of local amenities. 35% share you're looking at payments as low as £500 a month. With shared ownership, you also have the option to staircase that is, purchase additional shares in the Mill Hill property in increments of around 10% at a time. This allows you to eventually own it outright if your financial situation improves. And you get all the benefits of homeownership like gaining equity in the property value from day one. Mill Hill housing association will also take care of any major repairs so you won't have to worry about unexpected bills for things like replacing the boiler. I'd really recommend considering shared ownership if you're a first time buyer or young professional looking to get on the Sunderland property ladder. If you want to find out more options in your local area, take a look online or speak to a housing association directly.