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King Edwards Park

Off Palmerston Avenue, Morpeth, NE61 2NU

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  • Semi-detached, mid terrace and end terrace
  • 2-3 bedrooms

Prices from…

Shared ownership:£47,500*
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A peaceful spot close to town

Set in a secluded location our collection of two and three-bedroom homes is a smart choice for family living. Available with shared ownership this is the perfect way to get your foot onto the property ladder.

This lovely new development is within walking distance of the centre of the thriving market town of Morpeth. This bustling town offers all you need in the way of shops, bars and cafes, and combines this effortlessly with heritage and tradition making it a popular choice to live.

Key features of King Edwards Park

  • On the edge of the town centre
  • Close to Carlisle Park and the River Wansbeck
  • Less than 2-miles to Morpeth Train station
  • Lovely new development surrounded by green spaces
  • Great transport connections with a direct link to the A1
  • Best of rural living with essential amenities close by

Browse all the remaining available plots

See how much your monthly payments could be...

With shared ownership plans, your share can only be between 25% - 75%.

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25%75%
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Years

Your estimated monthly payments could be...

£619

Est. mortgage charge

£292

Rental cost

£327

These prices are based on a 25 year mortgage term with a 5.5% mortgage interest rate. This is the same criteria which we use in our adverts. Your actual mortgage offer may be a bit different. As a guide you would be looking at around £292 a month for your mortgage repayment and £327 for your rent. This gives you a monthly cost of around £619. The figures are estimates and should be used for guidance only. There may be other costs you need to consider such as estate management fees, ground rent, service charges etc.

This calculator is provided for guidance only; Persona Homes does not offer mortgage advice. You will need to take advice from a suitably qualified adviser before applying for and agreeing to a mortgage. Your home may be repossessed if you do not keep up repayments on your mortgage. If you like what you see, contact us today so we can see if we can help you make your homeownership dreams a reality.

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Shared Ownership

Shared ownership is a government-backed scheme that makes it easier for you to buy an affordable stake in a property.

The share you buy is dependent on your financial and personal circumstances. It can be from a minimum of 25% to a maximum of 75% share of the full market value of the property. You may be able to buy further shares at a later stage and in most instances you will be able to buy up to 100% of the shares in your home and own it outright. However, in some cases there may be restrictions on when you can buy a further share or on the maximum total share you can own.

Further information can be found in our Shared ownership article.

Do I Qualify?

You qualify for shared ownership if you:

  • Have a household income of under £80,000 (less than £90,000 in London)

  • Don’t currently own your home and can’t afford to on the open market

  • Can afford the minimum deposit

  • Pass an affordability check to make sure you can get a mortgage


* The full market value of these homes is from £190,000 but, with shared ownership, you could purchase an initial 25% share for just £47,500 and pay a monthly rent on the remaining share. If you’re buying with a mortgage you may only need a deposit of 5% of the amount you borrow, meaning your deposit could be as low as £2,375.

Keen to find out more?

Whether you’d like to book a viewing or simply have a quick introductory chat, our helpful advisory team would love to hear from you.

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