Part ExhangePlus deal available now at Shepherd Homes' The Paddocks development, Houghton le Spring

• 13th December 2010

Homebuyers need no longer worry about receiving a low offer for their existing property when part exchanging thanks to a market-beating ‘money back’ deal available now at The Paddocks, Houghton-le-Spring, from developer Shepherd Homes.

Believed to be the first ‘money back’ initiative of its kind, Part ExchangePlus first sees the homebuilder offer the seller a price for their property based on two independent valuations. If, when sold, the home achieves a price higher than Shepherd Homes’ original offer, the difference - minus estate agent’s fees - will be paid in full to the seller.

Shepherd Homes’ sales executive at The Paddocks, Lynn Barclay-Robinson, said: “Part ExchangePlus is an outstanding offer and one which we believe will transform the way people perceive part exchange deals.

“By promising to pay people the difference between our initial offer and the final sale price we are making a real commitment to our customers. Part ExchangePlus will not only help them move into the new home of their dreams but also potentially provide them with a windfall if their property achieves a higher price when sold.”

Part exchanging with Shepherd Homes means you can use your current home as part payment for a brand new property, which are all designed, built and finished to the developer’s exceptionally high specification.

Lynn continued: “Part ExchangePlus is a fantastic solution when you’ve found a property that you love and can’t wait to move in. It removes the trouble of finding a buyer for your own home, avoids the need for estate agents fees and eradicates the frustration of waiting in a chain.

“Instead, you get a guaranteed buyer for your current home so when an agreement is reached there are no worries and you can just get on with planning the move into your beautiful new home. With the added bonus of receiving the best value for your old home with Part ExchangePlus this really is a fantastic deal.”

Part ExchangePlus makes the possibility of owning an impressive home such as The Ripon at The Paddocks entirely achievable. Priced at £239,995, The Ripon is a meticulously-designed four-bedroom family home spread over three floors.

The property’s ground floor comprises a spacious entrance hall with guest cloakroom/ shower room and access to the integral garage, a practical utility room and a flexible bedroom that can also be used as a study.

On the first floor there is a second cloakroom, a large breakfasting kitchen with integrated appliances and a large living room and dining area.

The second floor boasts a large master bedroom with en-suite, a contemporary family bathroom and two further well proportioned bedrooms.

Houghton-le-Spring has excellent local amenities including some great schools, traditional pubs, an array of restaurants and a great selection of shops.  In addition to the bustling atmosphere of the town, The Paddocks is also close to the A690 which leads to the motorway network, making it an ideal base from which to commute to surrounding cities including Durham, Sunderland and Newcastle.

For further information about The Paddocks, contact Lynn on 0191 512 1457. The sales office at The Paddocks is open Thursday to Monday, 10.30am-5.30pm.