Shared Ownership
This superb modern home is available to buy from as little as £125,000 with a 50% share!
This modern four bedroom detached family home is offered to the market with no onward chain and provides generously proportioned accommodation arranged across three floors. The ground floor features a spacious lounge alongside a separate kitchen/dining room with doors opening to the outside, plus a useful WC and storage. On the first floor are two double bedrooms, with the principal bedroom benefiting from an en-suite shower room, together with the family bathroom. Two further generous bedrooms occupy the second floor, creating a flexible layout ideal for families or those requiring space to work from home.
Situated on Old Spot Way in Winsford, the property forms part of a modern residential development with a good range of everyday amenities within easy reach. Local convenience stores are close by, while Winsford offers a broader selection of supermarkets, shops and leisure facilities. Families are also well catered for, with primary and secondary schooling available locally.
For commuters, the location provides convenient access to the surrounding Cheshire road network, including connections towards the A556 and M6. Winsford railway station is approximately 2.3 miles away, providing rail connections towards larger regional centres including Manchester and Liverpool, making the property well placed for those travelling throughout Cheshire and the wider North West.
PRICING & AFFORDABILITY
Full Market Value: £250,000
50% Share Price: £125,000 (rent £286.46pcm)
Minimum 5% Mortgage Deposit (50% share): £6,250
Approximate Service Charges: £30.38 pcm*
Shared Ownership Lease: 990 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.
