Shared Ownership

This superb modern home is available to buy from as little as £123,000 with a 60% share!

This exceptionally presented home is situated in a cul de sac location in Goldborne near Warrington. The property is presented in immaculate condition with bright and spacious accommodation. On the ground floor, there is a WC and a stunning open plan kitchen/dining/living space with double doors opening on to a private read garden. Upstairs there are two spacious double bedrooms and a contemporary bathroom. At the front of the property, there is off street parking.

Golborne is a town in the Metropolitan Borough of Wigan, Greater Manchester, approximately 6 miles north east of Warrington. Within half a mile of the property there is a local convenience store, post office and pharmacy. Lidl is also within easy reach.
A wider range of amenities can be found in Warrington which is approximately 10 minutes away by car. Warrington provides shopping centres, retail parks, museums, nightlife, and excellent transport links.

PRICING & AFFORDABILITY

Full Market Value: £205,000

60% Share Price: £123,000 (rent £201.06 pcm)
Minimum 5% Mortgage Deposit (60% share): £6,150
Approximate Service Charges: £12.53pcm*
Lease: 125 years

ELIGIBILITY

Shared Ownership gives first time buyers and those that do not currently own a home the opportunity to purchase a share in a new build or resales leasehold property. The purchaser pays a mortgage on the share they own and pays rent to a housing association on the remaining share. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright although this is not a guarantee.

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.

*Service charges are estimated and may subject to change. Rent and service charges will be reviewed annually by your housing provider, usually on 1st April each year.

** This home can also be purchased outright (100% of the value) which is £205,000 and a purchaser would not need to meet the eligibility criteria listed above.
Service Charge: 150.36.