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Discounted Open Market Value Homes For Sale In Houghton le Spring

Posted 9 January 2023 by Keith Osborne

There's a chance to get the benefits of homeownership for a fraction of the open market price at Rainton Gardens...

House-hunters in County Durham who want to get on the property ladder but only have a modest budget to do so can consider asking Persimmon Homes about a couple of properties the company is offering at its Rainton Gardens development near Houghton le Spring.

The Discounted Open Market Value scheme is subject to terms and conditions but gives qualifying buyers an opportunity to enjoy the benefits of homeownership for less than the full market price. When they come to sell the property in the future, they will sell it for the same discounted percentage they purchased with. So if you purchase at 60% of the full price now, you will sell it for 60% of the value it has then – so if it’s a higher price than you paid, you’ll receive a percentage of any profit. For full details, contact Persimmon Homes.

This scheme is available on two plots of the ‘Windermere’ house type, both priced £125,950. This is a terraced home that could be a perfect choice for young professionals or growing families to consider. There’s a bright kitchen/diner with French doors to the back garden, a living room at the front of the house, a downstairs cloakroom and some useful understairs storage. There are two bedrooms and a bathroom on the first floor and a spacious bedroom with en suite on the top floor.

Rainton Gardens is just under two miles from the little town of Houghton le Spring and seven miles from the centre of Durham. There are good amenities nearby, with many more within a short drive of home. Also a few minutes away is the A1(M), putting Newcastle-upon-Tyne within around half-an-hour’s reach. The likes of Sunderland, Hartlepool and Bishop Auckland are all under 30 minutes away.

When completed, Rainton Gardens will comprise a real mix of two-, three-, four- and five-bedroom homes. Open market prices currently start at £179,950. Find out more from Persimmon Homes.

 

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Featured Developments
Houghton Le Spring, Tyne and Wear DH4
£189,950 - £289,950
Rainton Gardens
Houghton Le Spring, Tyne and Wear DH4 
3 - 4 bedroom properties
Persimmon Homes
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