2 bedroom terraced house to rent

Merrington Park, Spennymoor, County Durham, DL16

£440 pcm

Property Description

Letting information:

Added on Rightmove: 29 June 2018 (163 days ago)

Key features

  • Open-plan kitchen/dining area
  • Driveway
  • Garden
  • New Build
  • Rent to Buy

Full description

The Palmerston is a 2 bedroom property with a study. Accommodation briefly comprises of Entrance Porch, Downstairs WC, Lounge, Kitchen/Diner, Two Bedrooms, Study and Family Bathroom.

Eligibility and overview of the scheme:
The property must be the applicants’ only home. At least one member of the household must be in paid employment and should be first time buyers.
Applicants will not normally be eligible if they own, or have an interest in, another property. (Existing homeowners ‘may’ be eligible, for example if due to a relationship breakdown).

Applicants will be assessed to see if they can afford to initially rent a property but with the longer term aim to buy the home in the future. Rents are usually 80% less than market rents which means that households can put this saving towards a deposit to buy the home in the future. The rent should utilise 25% - 45% of the household income.

The ultimate aim is for applicants to buy the property after five years. The tenants will be given first refusal to buy the property at the end of the five year period. The sale of the property at the end of the five year period will be at market value and will be determined by a RICS qualified valuer.

Other options may be available within the first five years of renting.


For more information please call the office on 0191 223 8293 or visit https://www.helptobuyneyh.co.uk/help-to-buy-schemes/rent-to-buy/

*Pictures are for illustrative purposes only


Nearest stations

  • Cradley Heath (155.3 mi)
  • Coseley (150.1 mi)
  • Lye (156.1 mi)
Distances are straight line measurements from centre of postcode

Nearest schools

Use the school checker

To view this property or request more details, contact:

Prince Bishops Home, Prince Bishops Home

Amos Drive, Greencroft Industrial Park, DH9 7YE

01207 778049 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Cradley Heath (155.3 mi)
  • Coseley (150.1 mi)
  • Lye (156.1 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Prince Bishops Home, Prince Bishops Home

Amos Drive, Greencroft Industrial Park, DH9 7YE

01207 778049 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Administration fees may apply when renting a property in England, Wales or Northern Ireland. For more details, please contact the agent.

Property reference Merrington. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Prince Bishops Home, Prince Bishops Home.

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