2 Bedrooms - Terrace

From £40,000.00 for a 25% share
Northumberland, NE25 0QE

Shared Ownership

Percentage share Share value Monthly rent
25 £40,000.00 £275.00
50 £80,000.00 £183.33
75 £120,000.00 £91.67

Full description

  • Plot 171 10 Jefferson Grove
  • Full purchase price: £160,000.00
  • Service charge: £25.00
  • Terrace
  • 2 - Bedrooms
  • 1 - Bathroom

Riverside Home Ownership has a selection of 2, 3 and 4 bedroom homes available for Shared Ownership on the flagship Five Mile Park development with Bellway. Shared Ownership homes are available to part-buy part-rent from as little as 25%, depending on your personal circumstances. Just a short distance from the North Gosforth area, the development is located around five miles from Newcastle city centre, and benefits from a good range of popular local shopping and leisure facilities. A number of bus routes are within easy reach, as well as the A1 which offers transport links to the wider North East area. Designed in to be in keeping with the surrounding area, the properties are finished to a high standard and all include: - Quality fitted kitchens - Brushed steel oven, hob and cooker hood - Ceramic wall tiled bathroom with over-bath shower - Fresh paint finishes throughout - Economical gas central heating - Off road parking

* A monthly service charge is also payable on shared ownership homes. Please contact us for further details.

Useful Information:

Contact us on 0345 112 8800 or email sales@riverside.org.uk

Shared Ownership - Shared Ownership means you buy a share in a property, say 50%, and pay a rent to a housing association on the part that you don't own. Because the rental portion is government subsidised, it's cheaper than paying a regular mortgage on the full property value. That means the deposit you need is less too, making it easier to get onto the property ladder. You can usually buy out the remaining shares later and own 100% of your home.

Contact us

0345 155 9029*
24 hours a day, 365 days a year
* Calls to 03 numbers are charged at local rate or from your telephone package's inclusive minutes.

Help now and along the way

You can choose your own solicitor and financial advisor, but if you need any help finding one or have got any questions, just get in touch.

Ways to pay

Find out more about how the different share options work.


To get started, click the button below and follow the instructions to begin your application.

We're a not for profit organisation

Read more about Riverside

Riverside Home Ownership

We're the specialist leasehold and affordable home ownership division of The Riverside Group Limited, one of the UK's largest housing associations. As well as building, selling and letting a wide range of property types, Riverside Home Ownership provides services to, and manages the leasehold of over 4,500 homes across the UK.