*** DISCOUNTED MARKET SALE HOME ***
Lambton Park is an award winning, truly unique development of inspirational homes, retail, office and business workspace together with community uses set within one of County Durham’s true hidden gems.
Lambton Park lies approximately 1 mile from J63 of the A1(M) providing immediate road links to Newcastle (North) and Durham (South). Access to the A690 is available via Houghton Le Spring linking with Sunderland and the A19 within a short driving distance.
Located in the heart of the North East of England, Lambton Park has some of the most beautiful landscape in the country on its doorstep and a world of intrigue and history waiting to be discovered. You will have access to 14km of permissive access routes providing a mixture of woodland and countryside walks with exceptional views across the estate, as well as access to the residents-only area, known as The Paddocks.
Over 1000 acres of Historic Park and woodland provides an oasis of calm and tranquillity on the edge of the urban fringe, set against a back drop of dramatic views of Lambton Castle.
Discount Market Sale (DMS) are homes that can be purchased (by eligible purchasers) at a 20% discount of the open market price. That discount exists in perpetuity and would be passed on to all future owners of the home.
The property offers many features, from low energy light fittings, EV charging point, Air Source Heat Pumps and off-street parking with allocated driveway.
*** Photos are for Illustration Purposes Only. Contact Smith & Friends Darlington for further information. ***
GROUND FLOOR
Hallway
Downstairs WC
Measurements: 1.2m x 1.5m (3'11" x 4'11")
Living Room
Measurements: 3.9m x 4.7m (12'9" x 15'5")
Kitchen / Diner
Measurements: 4.9m x 2.7m (16'0" x 8'10")
FIRST FLOOR
Landing
Master Bedroom
Measurements: 4.9m x 2.7m (16'0" x 8'10")
Bedroom 1
Measurements: 2.4m x 3.4m (7'10" x 11'1")
Bedroom 2
Measurements: 2.3m x 2.4m (7'6" x 7'10")
Family Bathroom
Measurements: 2.4m x 1.7m (7'10" x 5'6")
ELIGIBLE CRITERA
What is Discount Market Sale?
Discount Market Sale (DMS) are homes that can be purchased (by eligible purchasers) at a 20% discount of the open market price. That discount exists in perpetuity and would be passed on to all future owners of the home.
For example, a home worth £300,000 could be bought with a 20% discount at £240,000. When you come to sell it, that home could be worth £325,000 on the open market, meaning it could be sold for a maximum of £260,000.
Who is eligible to buy a DMS home at Lambton Park?
To buy a home at Discount Market Sale, Durham County Council will assess your application against following criteria; You must:
• Have a household income of less than £80,000 per year
• Be legally allowed to own a property in the UK
• Have a Local Connection* to the Lambton Park area:
• First priority shall be given to people who have a local connection* to the parish of Bournmoor or an adjoining parish;
• Second priority shall be given to people who have a local connection* to the former district of Chester-le-Street;
• Third priority shall be given to people who have a local connection* to County Durham.
• Not own another property at the point of purchase (UK or abroad)
• Be buying the house to live in it.
* For further information, please speak with the sales advisor.
