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2 Bedroom Terraced House

Buckley Place, Sandbach, Cheshire, CW11

£ 63,000

Call the Shared Ownership branch on 02380 820 121

Features:

  • Brand new shared ownership home
  • Highly sought-after location
  • Parking
  • Private garden
  • Ground floor cloakroom
  • Open plan lounge/kitchen/diner

 

Property Description:

Shared Ownership

This brand new home is available to buy from as little as £63,000 with a 40% share!

Albion Lock is a development of new homes in Moston, which benefits from a rural backdrop, yet is conveniently situated for accessing the amenities of Sandbach.

This fabulous new development is located beside the Trent & Mersey Canal in the leafy Cheshire town of Sandbach. The charming town has a rich history, with the cobbled market square home to two Saxon Crosses that are thought to date back to the 7th century. The town is also home to many listed buildings ' including the Grade II listed Yew Tree Farm at the centre of the development itself.

Situated within Sandbach, Moston is a sought-after village located just 5.4 miles North of Crewe. Sandbach railway station is just 1 mile away, providing great commuter access to Crewe and Manchester. Albion Lock is just 2.7 miles from Sandbach town centre, offering supermarkets, a variety of local shops, cafes and restaurants and a post office.

This brand new two-bedroom mid terrace house benefits from allocated parking and an enclosed rear garden. The accommodation offers: open plan lounge/kitchen/diner, cloakroom, two double bedrooms and bathroom.

PRICING & AFFORDABILITY

Full Market Value: £157,500

40% Share Price: £63,000 (Rent £216.56pcm)
50% Share Price: £78,750 (Rent £180.47pcm)
75% Share Price: £118,125 (Rent £90.23pcm)

Min 5% mortgage deposit (25% share): £3,150

Estimated Service Charges*: £TBC

*No flooring will be included*

Shared Ownership Scheme

To be eligible for shared ownership you would need to meet the following criteria:

' Your household income does not exceed £80,000 (outside of London) and £90,000 (inside of London)
' 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

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

*No flooring will be included*

 

Call the Shared Ownership branch on 02380 820 121