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2 Bedroom Flat

Brown Street, Altrincham, Greater Manchester, WA14

£ 71,250

Call the Shared Ownership branch on 02380 820 121

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

 

Property Description:

Shared Ownership

This brand new home is available to buy from as little as £71,250 with a 25% share!

Located in the heart of Hale Village, Brown Street is a modern collection of one & two bedroom stylish apartments, available exclusively through Shared Ownership.

Designed to complement the local surroundings, Brown Street is perfect for young professionals, first time buyers, and those who want to get back on the property ladder, with each apartment boasting a sleek and modern design. Hale village has seen few new build developments in recent years, don't miss this opportunity to own your own home in this sought-after location.

Situated in one of the most desirable locations in the UK, Brown Street has everything you need on your doorstep. Together with Wilmslow and Alderley Edge, Hale is regarded as one of the most affluent areas in Greater Manchester, and the aptly named `Golden Triangle' is the perfect location to lay down your roots. Brown Street offers unparalleled access to this exclusive area of Cheshire. Enjoy Hale's wide range of independent and high street retailers, outstanding schools, and bustling community.

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

PRICING & AFFORDABILITY

Approximate Size 598 sq ft

Full Market Value: £285,000

25% Share Price: £71,250 (rent £489.84pcm)
50% Share Price: £142,500 (rent £326.56pcm)
75% Share Price: £213,750 (rent £163.28pcm)

Minimum 5% Mortgage Deposit (25% share): £3,563

Approximate Service Charges: £169.28 pcm*

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.

**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