Shared Ownership

This brand new home is available to buy from as little as £155,000 with a 50% share!

Round Hill Gardens is a fantastic new development with a real community feel. We have 2 and 3 bedroom properties, which all come with electrical vehicle charging points, parking and turfed rear gardens as standard, available to purchase through Shared Ownership.

The development can be found surrounded by beautiful countryside in the market town of Congleton, the centre being a short 5 minute drive away. In the town centre you will find your usual popular high street shops and supermarkets, there is also the exciting Congleton Market Quarter with an array of independent bars, eateries and market traders creating a thriving hub for you to visit. With not one but two National Trust parks on your doorstep as well as country parks and pubs, nature reserves and golf clubs all reachable by car in 15 minutes, you’ll be spoilt for choice for outdoor fun.

Congleton is well connected for commuting, the train station with regular services to Manchester and Stoke on Trent, bus routes to Macclesfield, Sandbach and Crewe and the M6 is nearby to take you beyond! Families with children at school age can be reassured as St Mary’s Catholic Primary School is less than 5 minutes away in the car and is rated ‘Outstanding’ by Ofsted, while for older students, Eaton Bank Academy is also close by and is rated ‘Good’.

The three bedroom ‘Westlow’ home features a lounge/diner at the back of the house with a separate kitchen and a ground floor cloakroom. To the first floor are three bedrooms and a bathroom. This home comes with parking, an EV charging point and garden.

PRICING & AFFORDABILITY

Full Market Value: £310,000

50% Share Price: £155,000 (rent £355.21pcm)

Minimum 5% Mortgage Deposit (50% share): £7,750
Approximate Service Charges: £34.94 pcm*
Shared Ownership Lease: 250 years
Council Tax Band: TBC

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.

At Round Hill Gardens 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. Rent and service charges will be reviewed annually by your housing provider, usually on 1st April each year.

**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; Service Charge: 419.28