Brighton Grove, Sale

75% SHARED OWNERSHIP – £412,500 – RENT £315 PCM | SHARES AVAILABLE FROM 25% TO 75% | FULL MARKET VALUE £550,000. BRAND NEW THREE BEDROOM END TERRACE HOMES AT THE COURTS, SALE.
An exciting opportunity to purchase one of the remaining end terrace homes at The Courts, available through shared ownership with flexible purchase options.
Understanding the advertised price
The advertised price represents a 75% share, rather than the full market value of £550,000. Buyers can purchase between 25% and 75%, paying rent to Irwell Valley Homes on the remaining share. The higher the percentage purchased, the lower the monthly rent.
Examples of available options:
25% – £137,500 | Rent £945 pcm
50% – £275,000 | Rent £630 pcm
75% – £412,500 | Rent £315 pcm
Further options are available at 30%, 40%, 60% and 70%.
Additional charges
In addition to mortgage repayments and monthly rent, the following charges apply:
Buildings insurance: £1,579 per annum
Estate charge: £140.89 per annum
Total: £1,719.89 annually (£143.32 monthly equivalent).
Rent is reviewed annually in line with CPI + 1%, subject to lease terms.
The property
Extending to approximately 1,367 sq ft, these impressive homes feature an open-plan dining kitchen, separate first-floor living room, three double bedrooms, en-suite, family bathroom, downstairs WC, integral garage and enclosed rear garden.
Ideally situated within walking distance of Sale Town Centre, Stanley Square, the Metrolink and excellent local amenities.
Eligibility
Subject to affordability and eligibility assessments through Metro Finance and Irwell Valley Homes. Current maximum household income £90,000 per annum.
Contact Ashworth Holme for further details of the available shares and associated costs.