2 bedroom bungalows at Acorn Close
We are pleased to offer for sale this limited number of 2 bedroom bungalows in Thornaby. If you are looking for retirement housing these semi detached and detached properties will offer modern spacious living accommodation especially designed for over 55s.
These 2 bedroom bungalows benefit from a level access shower room, kitchen with built in oven, hob and extractor as well as the latest energy efficient boilers, off street parking and a security alarm. There will also be properties to rent on the development, some will be for over 55s and some for people with learning disabilities including all the apartments in phase 2.
Acorn Close
Stockton town centre is approximately 2 miles away and offers a wider range of retail facilities as well as bars, restaurants and other entertainment facilities such as theaters and a cinema. If you like to get out and about there are plenty of things to do in and around Thornaby including Museums in Middlesbrough and Stockton and a number of well-maintained public parks. Further afield, walkers can chose either the Cleveland Hills or the Durham coast as both provide ample opportunity for walks.
Located in a well-established residential area, a limited number of bungalows are available that will benefit from being close to a range of doctors, local shops and supermarkets, a post office and a regular bus route. Thornaby enjoys a number of sporting facilities with open spaces close by. The Pavilion shopping centre in Thornaby town centre has a good range of shops, food stores and everyday essentials like hairdressers.
Prices range
£30, 000 for a 25% share to £90, 000 for a 75% share for a 2 bed semi detached bungalow
£31, 250 for a 25% share to £93, 750 for a 75% share for a 2 bed detached bungalow
Options available
25% - £30, 000, Gross Rent: £159.16
33% - £39, 600, Gross Rent £137.16
41% - £49, 200, Gross Rent £115.16
49% - £58, 800, Gross Rent £93.16
50% - £60, 000, Gross Rent £90.41
58% - £69, 600, Gross Rent £68.41
66% - £79, 200, Gross Rent £46.11
75% - £90, 000, Gross Rent £21.66
About shared ownership for over 55s
Shared ownership for over 55s is a scheme that helps you buy a purpose built, manageable new home that you thought was unaffordable. Through shared ownership, you can buy a share in the property and pay an affordable rent for the remaining share that you don’t own. You can initially own a share between 25% and 75% of the property, and over time you can buy more shares until you own up to 75%.
As a shared owner, you will benefit from any increase in market value over time, but equally if the market value decreases your share value can also go down. You will be able to make any alterations and improvements to your home, as well as selling it if you want to move.
To access shared ownership you will need to meet a minimum set of qualification criteria which includes an income assessment to make sure you
can afford on-going costs which include the rent and any service charges. Once you have been approved and have chosen a new home, you will purchase the property just like any other new home. If you currently own your own home then this will have to be sold at the same time as you buy through shared ownership. Please ask us for more details if you have any
questions.