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1 bedroom apartment for sale

Available

Brown Street, WA14 2EU

£71,250 · Shared Ownership New Build

Share percentage 25%, full price £285,000, £3,563 Min Deposit.

Available
1 bedroom
1 Bathroom
Floor plan
floor-plan
Floor plan
floor-plan
£71,250 Shared Ownership New Build · Eligibility Eligibility

Share percentage 25%, full price £285,000, £3,563 Min Deposit.

Monthly Cost: £1,014
Rent £490, Service charge £169, Mortgage £355*

Calculated using a representative rate of 3.94%

Calculate estimated monthly costs

£
Eligibility

The Shared Ownership scheme is a Part Buy, Part Rent way of owning your own home for a smaller up front payment. With Shared Ownership, you buy a share of your home using a mortgage from a bank or building society and pay a subsidised rent on the share you did not purchase. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright. At Brown Street you can buy a minimum 25% share of your home (the maximum you can buy initially is 75%). When you’re ready, you can buy more shares until you staircase to owning 100% of your home. To be eligible for shared ownership you would need to meet the following criteria: • Your annual household income does not exceed £80,000 • You have a deposit of at least 5% of the share value • You do not own another property or have your name on the deeds or a mortgage for a property worldwide. • This will be your only residence. • You are a permanent UK resident or have indefinite right to remain. Please note the minimum share you can purchase can vary depending on your financial situation and you may be asked to purchase a larger share, should your personal circumstances permit. *Service charges are estimated and may subject to change.

Summary

Two bedroom apartment

Description

This brand new apartment has accommodation featuring an open plan lounge/kitchen/dining room, double bedroom and bathroom.

Key Features

Brand new Shared Ownership home

Sleek modern design

Fantastic location in the heart of Hale Village

Great transport links

Fully fitted kitchen with integrated oven and hob

Spacious open plan living

Particulars

Tenure: Not specified
Council Tax Band: Not specified

Property Downloads
Floor Plan
Map
Hale (0.14 miles) Altrincham (0.47 miles) Altrincham Metrolink (0.53 miles)
Monthly Cost Calculator

The ‘Estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together, rent, service charge and mortgage.

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  • Rent: this is charged on the share you do not own and is usually payable to a housing association (rent is not generally payable on shared equity schemes)
  • Service Charge: covers maintenance costs for the property as a whole and communal areas
  • Mortgage: Share to Buy ltd are specialist Shared Ownership mortgage brokers and we use a database of daily updated mortgage rates to work out the lowest rate available for the deposit amount shown, and then generate an estimated monthly payment on a 25 year capital repayment basis.

NB: this mortgage estimate is not confirmation that you can obtain a mortgage and you will also need to satisfy the requirements of the relevant mortgage lender. Nor is this a guarantee that in practice you would be able to apply for such a rate, and nor is this a recommendation that the rate used would be the best product for you.

£71,250
Shared Ownership New Build
Estimated Monthly Cost:£1,014
Rent £490
Service Charge £169
Mortgage £355

Share percentage 25%, full price £285,000, £3,563 Min Deposit. Calculated using a representative rate of 3.94%


Leaders Shared Ownership
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Brown Street
Disclaimer
The information displayed about this property comprises a property advertisement. Share to Buy ltd makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Share to Buy has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by the sponsoring housing association. Please contact the housing association or estate agent directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007.