Share percentage 35.00%, full price £236,000, £4,130 Deposit
Monthly Cost: £801
Rent £352,
Mortgage £449*
Calculated using a representative rate of 4.78%
Calculate estimated monthly costs
You may be eligible for this property if:
- You have a gross household income of no more than £80,000 per annum.
- You are unable to purchase a suitable home to meet your housing needs on the open market.
- You do not already own a home or you will have sold your current home before you purchase or rent.
Summary
A fantastic opportunity to purchase this 2-bedroom semi detached house on a Shared Ownership basis- from 25% at £59,000. Full price £236,000. Shared Ownership rent and estate charge apply.
Description
Mill Vale is a contemporary collection of newly built homes in Middleton.
A well- connected town with proud history and great track record for making everyone feel at home.
The beauty of life at Mill Vale is that you don't have to choose between modern city living or the quiet country life. You can enjoy both. With the centre of Manchester less than 8 miles from your door, the city is a short hop away. And even closer to home, you are surrounded by tranquil parks and green open spaces, and rolling countryside.
Choose a new home here and you'll be close to just about everything. The centre of Middleton is a little over a mile away and is packed with independent stores, pubs, cafés and supermarkets.
The Middleton Arena is the leisure and cultural heart of the town. If you want to get, or stay, active, there is a gym, pool, sports hall and more. Love being
entertained? There's a full calendar of shows and concerts.
With Manchester close to home, there's an endless list of things to see and do. Shoppers can visit the Trafford Centre, approximately a 14.1 mile drive away.
Manchester United's Old Trafford stadium, meanwhile, is located around four miles from the shopping centre.
Alternatively, Manchester City's Etihad Stadium is around 20 minutes away in the car.
Want to see a show? Manchester's Palace Theatre will fit the bill, with a programme which includes theatre, opera, ballet, musicals and concerts.
Just minutes away, too, are popular local attractions, including the charming Lancaster Park and Animal Farm, Kenyon Farm Riding Centre and a choice
of golf courses.
With stunning local parks such as Chadderton Hall Park and Tandle Hill Country Park, with its famous views across the Pennines, there's always a great reason to
get outdoors. And of course, in this part of the world, the Peak District is never too far away.
The Roth
An attractive 2-bed home is available to buy now.
SHARED OWNERSHIP
Stepping into your new home is one of the best and most exciting achievements in your life and Shared Ownership makes that ambition possible. You initially purchase a part share in a home through a mortgage and savings. You only need to buy as much as you can afford, usually a minimum of 35%-40% and up to a maximum of 75%, and you pay a subsidised rent to us on the share that you don't own. The great thing about Shared Ownership is that you can buy a larger share of the property whenever you can afford it. The more you own, the less rent you pay. What's more, you can get started with a smaller deposit, because its calculated on the value of the share you buy. Shared Ownership provides you with the perfect opportunity to get your feet onto the property ladder. Even though you are only purchasing a share, it will definitely feel like your home since you are free to decorate and personalise it to your own taste.
Below we've listed some of the main qualifying criteria around your eligibility:
* Your household income is £80,000 a year or less
* You cannot afford all the deposit and mortgage payments for a home that meets your needs
* You're a first-time buyer or * You used to own a home, but cannot afford to buy one now or
* You own a home and want to move but cannot afford a new home suitable for your needs or * You're forming a new household - for example, after a relationship breakdown or
* You're an existing shared owner and want to move
This house is available to be purchased through Shared Ownership and below are some sample figures and available shares. Other combinations are available to suit your needs.
Full Marker Value £236,000
Building insurance at £21.77 is payable per calendar month.
25% share at £59,000, Shared Ownership rent £405.63pcm
30% share at £70,800, Shared Ownership rent £378.58pcm
40% share at £94,400, Shared Ownership rent £324.50pcm
50% share at £118,000, Shared Ownership rent £270.42pcm
60% share at £141,600, Shared Ownership rent £216.33pcm
70% share at £165,200, Shared Ownership rent at £162.25pcm
75% share at £177,000, Shared Ownership rent at £135.21pcm
Call/email to book a viewing.
Key Features
A SUPERB SPEC, INSIDE AND OUT
All homes at Mill Vale are built to an excellent specification. Light, spacious rooms are complemented by eye catching, contemporary bathroom designs and kitchen/diners equipped with modern fitted units throughout; including a stainless-steel oven, electric hob and extractor hood.
Attention to detail is just as comprehensive throughout the exterior, from off-road parking to front and rear lights.
Particulars
Tenure: Leasehold
Lease Length: 990 years
Council Tax Band: New build - Council tax band to be determined
Property Downloads
Key Information Document Floor Plan Brochure Price List Energy CertificateMap
Material Information
Total rooms:
Furnished: Unfurnished
Washing Machine: No
Dishwasher: No
Fridge/Freezer: No
Parking: Yes - Driveway
Outside Space/Garden: Yes - Private Garden
Year property was built: 2025
Unit size: 755 sq.f
Communal lift: No
Accessible measures: No
Heating: Enquire with provider
Sewerage: Enquire with provider
Water: Enquire with provider
Electricity: Enquire with provider
Broadband: Enquire with provider
The ‘estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together: rent, service charge and mortgage.
- 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 and repairs for communal areas within your development.
- Mortgage: Share to Buy use a database of mortgage rates to work out the rate likely to be available for the deposit amount shown, and then generate an estimated monthly plan on a 25 year capital repayment basis.
NB: This mortgage estimate is not confirmation that you can obtain a mortgage and you will need to satisfy the requirements of the relevant mortgage lender. This is not a guarantee that in practice you would be able to apply for such a rate, nor is this a recommendation that the rate used would be the best product for you.
Share percentage 10%, full price £236,000, £1,180 Min Deposit. Calculated using a representative rate of 4.78%
