Shared Ownership at Wellspring Park

Wellspring Park is a new housing development in the Town End Farm area of Sunderland, postcode SR5 4LJ.

All plots reserved

Main features

Contemporary two and three-bedroom homes designed for modern living
Buy an affordable share from 25% to 75% of a high quality, brand-new two or three-bedroom home
Long leasehold of 990 years you will never need to extend
10-year National House Building Council or Local Authority Building Control warranty that covers any major structural defects
All Shared Ownership homes come with a two-year Aftercare Guarantee with a dedicated Customer Experience Advisor
Energy efficient air source heating, solar panels and high-performance glazing
Carpets fitted throughout with vinyl flooring in wet areas
Shaker-style kitchen with integrated appliances
Private parking with an electric car charging point
1.7 miles from A19
Excellent public transport and commuter links

Deposits

Your deposit depends on the property type and the share you buy.

For example, a 5% deposit on a 40% share of a 2-bedroom home is £3,400. For a 3-bedroom home it is £3,700.

Council Tax

All the properties at Wellspring Park are new builds and the Council Tax band is still to be confirmed.

Property types

The Helm at Wellspring Park

The Helm is our contemporary two-bedroom home.

The Finchale at Wellspring Park

The Finchale is our contemporary three-bedroom home.

Wellspring Park

Development map

Shared Ownership eligibility

We will check you are eligible for the Shared Ownership home you are interested in. Our checks are to make sure you meet the criteria and can afford your home now and in the future.

How Shared Ownership works

With Shared Ownership you own an affordable share of a brand-new home. You get a long-term leasehold and have the same rights as someone who owns their entire home.

Buying a Shared Ownership home

We will give you advice and support throughout each step of the application process, from confirming you are eligible to completing the sale.