Shared Ownership
This superb modern home is available to buy from as little as £53,000 with a 25% share!
This semi detached home offers thoughtfully designed accommodation and comprises a welcoming entrance hall, a spacious lounge, a modern kitchen/dining room spanning the full width of the property and a convenient downstairs WC. Upstairs, the property benefits from two double bedrooms and a contemporary family bathroom, with additional storage provided throughout the home. Externally is allocated parking at the front for two cars and an enclosed rear garden.
Situated in the popular market town of Market Drayton, residents enjoy easy access to a range of local amenities including supermarkets, independent shops, cafés, restaurants and leisure facilities. The area is well regarded for its community feel, attractive surrounding countryside and nearby canal walks, while families will appreciate the selection of local schools and recreational facilities within easy reach.^
The property is conveniently located for commuters, offering straightforward access to the A53 and A41, connecting to Shrewsbury, Telford, Stoke-on-Trent and Whitchurch. Rail services can be accessed from nearby stations including Stoke-on-Trent and Crewe, providing direct links to major destinations across the country.
PRICING & AFFORDABILITY
Full Market Value: £212,000
25% Share Price: £53,000 (rent £396.55pcm)
Minimum 5% Mortgage Deposit (25% share): £2,650
Approximate Service Charges: £47.66pcm*
Lease: 123 years remaining
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.
^ Please note that there are active planning applications for the land opposite the entrance to the development and more information can befound on the local councils website
