Shared Ownership
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1 Bedroom Flat

Albemarle Avenue, Hartford, Northwich, CW8

£ 33,500

Call the Shared Ownership branch on 02380 820 121

Features:

  • Brand new Shared Ownership home
  • Available immediately
  • Open plan lounge/kitchen/diner
  • Double bedroom
  • Parking
  • Walking distance to Greenbank and Hartford train stations

 

Property Description:

Shared Ownership

This brand new home is available to buy from as little as £33,500 with a 25% share!

Hartford Grange development is located in Hartford, a historic village in the beautiful area of Cheshire formerly known as Vale Royal. Just outside Northwich, the village enjoys excellent local facilities, yet retains that essential Cheshire charm that makes locations like this so popular and sought after.

Hartford is a popular choice for commuters due to its two railway stations, both of which are less than 1 mile from Hartford Grange - Greenbank (Manchester to Chester line) and Hartford (Liverpool - Crewe - London). Chester, Warrington, Liverpool and Manchester are all easily accessible due to Hartford's close proximity to major road networks.

This brand new apartment benefits from an open plan lounge/kitchen/diner with a double bedroom, bathroom and parking.

PRICING & AFFORDABILITY

Approximate Size 46 sq m

Full Market Value: £134,000

25% Share Price: £33,500 (rent £230.31pcm)
50% Share Price: £67,000 (rent £153.54pcm)
75% Share Price: £100,500 (rent £76.77pcm)

Minimum 5% Mortgage Deposit (25% share): £1,675

Approximate Service Charges: £69 pcm*
Annual Ground Rent: £100

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 Hartford Grange 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 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.

**These photos are for information purposes only and may not represent a true likeness for the units being sold. They may have been taken from earlier phases or similar developments/house types and digitally furnished to represent how the home could be laid out; the final colours/appearance/specification may differ from the images and are not plot specific. We advise applicants to make their own investigations on future development in the area. We would suggest contacting the local authority for more information.

 

Call the Shared Ownership branch on 02380 820 121