3 bed terraced house to rent

River's Edge, South Shields, South Tyneside NE33

Rent To Own

Fixed monthly payment: £1,414

Estimated amount towards your deposit after five years: £24,941*

About The Home

The Caddington is a three-bedroom home that offers forward-thinking homeowners’ real space to grow. A classically proportioned family home, with lots of modern touches, the Caddington offers today’s busy families the ideal place to call home. The large kitchen/diner with a well-equipped u-shaped kitchen, and lounge with French doors leading onto the garden, provide great social spaces to get together. Upstairs, three bedrooms give everyone the space and privacy they need. Plus, with a master bedroom en-suite, stylish family bathroom and downstairs WC, making the morning rush a thing of the past.

How Deposit Bridge Works

Move in with just 1% of the property value upfront, with no additional fees or rental deposit

Make fixed monthly payments for up to five years, with no increases while you live there

Make the home your own, with the freedom to decorate, personalise the space and keep pets

After five years, choose whether to buy the home. If you do, you’ll receive a 10% discount on its market value, which can be used towards your mortgage deposit**

If you decide not to buy, you can move out and receive a cash payment of up to 7% of the home’s value***

*Based on house prices increasing by 4% pa. The actual amount will depend on its market value when you buy.

**Deposit Bridge is designed to be used with a concessionary mortgage. Mortgages are subject to availability, and the lender will determine the terms and eligibility. Wayhome does not provide financial or mortgage advice. You should seek independent financial advice before making any decisions.

***The amount you receive depends on when you move out and is subject to the terms of your agreements.