New homes at Bishops Park

Bishops Park, Bishop Auckland, County Durham, DL14 8RG
Affordable rent, Rent to Buy and shared ownership

looking for a new home in a vibrant community?

This beautiful development in Bishop Auckland could present the perfect opportunity to get your foot on the property ladder.

Alongside bungalows and family homes for affordable rent, we’re offering a range of high quality and energy efficient homes through Rent to Buy and shared ownership.

These options are designed so you can afford to move into the perfect property and enjoy all the benefits of living in a contemporary home in a brilliant location, while keeping your dream of home ownership alive.

So, whether you’re a single buyer, a growing family or need a more accessible home, this could be the place for you.

the location

The market town of Bishop Auckland sits proudly on the River Wear, in County Durham.

Our homes at Bishops Park are perfectly located for both the convenience of town centre living and the peace of surrounding countryside.

There are a variety of shops, schools, healthcare, sports facilities, bars, and restaurants on the doorstep and many historical and tourist attractions are just a stone’s throw away.

Just 11 miles to Durham and Darlington, this is a great spot for exploring or commuting across the region. Good road and public transport links make it simple to reach places like Newcastle, Sunderland and Middlesbrough and it is within easy reach of both picturesque Weardale and dramatic Teesdale.

the homes

This stunning development will include two-bedroom bungalows, and two, three and four-bedroom houses.

Each plot has its own private parking and gardens.

And every home will be fitted with solar panels and electric charging points so you can save money on your energy bills and reduce your impact on climate change.

bedroom, double bed, cushions, throw, window

rent to buy

Rent to Buy is a government scheme that aims to help people in England step on to the housing ladder by offering affordable homes at a 20% discount below market rent for five years. The idea is that with a lower rent, you can save for a deposit to buy your home at the same time.

The believe housing Rent to Buy scheme is designed to help people who can’t currently afford to buy or rent suitable accommodation on the open market, providing them with the future opportunity of owning their own home.

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seaside lane, new build

shared ownership

Shared ownership is a government-backed scheme that supports people those who can’t yet afford to buy a home outright.

The scheme works by allowing you to buy a percentage share that you can afford of a leasehold home and pay rent on the rest. You will only need to secure a mortgage on the percentage of the home that you purchase meaning your deposit is a lot lower than it would be buying on the open market.

For example, you might buy a 50% share in the property and pay rent to the landlord for the remaining 50%. You may pay monthly ground rent and service charges, for example towards the maintenance of communal areas

The share you can initially buy is usually between 10% and 75%.

As and when your financial circumstances change, you will be able to purchase more shares in your home through ‘staircasing’ until you own 100% of your home.

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Young woman hands protecting miniature house, Home insurance concept

affordable rent

Affordable rent is a government-backed scheme that supports those whose needs are not met by the market. Homes are let at below market rent by a registered provider.

The rent, including service charge, is set at up to 80% of the local market rent for an equivalent home.

believe housing’s affordable rent homes are allocated through choice-based lettings partnerships, between the major landlords and local county councils.

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Get in touch to find out more about this development.