3 bedroom house for sale
Cotton Crescent, Macclesfield, SK10 2BT
Share percentage 75%, full price £320,000, £12,000 Min Deposit.
Share percentage 75%, full price £320,000, £12,000 Min Deposit
Monthly Cost: £1,556
Rent £185,
Service charge £67,
Mortgage £1,304*
Calculated using a representative rate of 4.78%
Calculate estimated monthly costs
Summary
A 3 bed shared ownership property available in Macclesfield, Cheshire
Description
Modern and spacious three-bedroom end of terrace house now available in Macclesfield through Shared Ownership.
The property comprises a large living room and a separate kitchen with dining room on the ground floor, along with a small toilet. Upstairs, we can find three double bedrooms with a family bathroom.
Outside, there is an expansive private rear garden and allocated parking space in front of the house.
Available for £240,000 for 75% share based on the marketing figure of £320,000.
Monthly rent - £185.30
Monthly Service Charge - £66.64
Total Monthly Charge - £251.94 plus mortgage required for 75% share.
An annual rent increase takes place every April
LocationThe property is located in Macclesfield, just south of Manchester and less than an hour from there.
Located in the suburb of Tytherington, it's situated in a tranquil residential area with many green spaces from parks and farm fields.
All amenities are conveniently located a short drive away. A local bus stop is also nearby to help travel around the town without a car.
There are a few schools in the area, some of which are within walking distance less than a mile away.
EPC ratingEnergy rating band - B
Lease informationYears remaining on lease: 118
In certain cases, the remaining length of the lease on a property can impact the availability of mortgages to prospective purchasers and the future saleability of the home. We recommend that you speak to your solicitor and your financial advisor to ensure that the lease length is suitable for your needs.
Other informationThis property is offered under Shared Ownership and is allocated on a first-come, first-served basis, subject to applicants meeting all eligibility and affordability criteria. However, in some cases, local authority planning agreements (Section 106) may apply, which could give priority to applicants who meet specific local connection requirements. A full allocation policy is available on your provider’s website or by contacting us directly. We encourage potential buyers to get in touch with any questions about the scheme or application process.
Key Features
- Three-bedroom end-of-terrace house
- Modern building (2017)
- Private rear garden
- Allocated driveways
- Available for 75% share
- 5% minimum deposit only
Particulars
Tenure: Not specified
Council Tax Band: Not specified
Property Downloads
Key Information Document Floor PlanMap
Material Information
Total rooms:
Furnished: Enquire with provider
Washing Machine: Enquire with provider
Dishwasher: Enquire with provider
Fridge/Freezer: Enquire with provider
Parking: n/a
Outside Space/Garden: n/a
Year property was built: Enquire with provider
Unit size: Enquire with provider
Accessible measures: Enquire with provider
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 75%, full price £320,000, £12,000 Min Deposit. Calculated using a representative rate of 4.78%
