King Edwards Park

Off Palmerston Avenue, Morpeth, NE61 2NU

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  • Semi-detached

  • 2 bedrooms

Prices from…

Shared ownership:£51,250*
Check out our affordability calculator
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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.

We have now reserved all our homes but we do have more coming to market very soon. Register to your interest to be the first to find out more!

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

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...

£668

Est. mortgage charge

£315

Rental cost

£353

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 £315 a month for your mortgage repayment and £353 for your rent. This gives you a monthly cost of around £668. 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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What's around the area

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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 10% 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 cases, you can buy up to 100% of the shares in your home. However, sometimes there are restrictions; you’ll be made aware of these before purchasing a home.


* The full market value of these homes is from £205,000 but, with shared ownership, you could purchase an initial 25% share for just £51,250 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 £2,563.

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