RS: 34 Birch Hill Clock Tower

34 Birch Hill Clock Tower, Oakhurst Drive, Rochdale, Lancashire, OL12 9EU

RS: 34 Birch Hill Clock Tower

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Available Now

A chance to buy a two-bedroom shared-ownership apartment within a magnificent period building. The property available is on the ground floor and 26'+ reception room with open-plan kitchen. There is a bedroom with en-suite shower room plus a generously-sized second bedroom, a simple, modern bathroom and a large hallway storage/utility cupboard. Internal wall insulation and high performance glazing help improve energy-efficiency. The property comes with use of a parking space and Rochdale town centre can also be easily reached by bike, via local bus or from Smithy Bridge Station, which is within comfortable walking distance.

Features:

  • Guideline Minimum Deposit £3,750
  • Guideline Income £16,000
  • Ground Floor
  • Approx. 800 Sqft Gross Internal Area
  • High Performance Glazing
  • Bathroom plus En-Suite Shower Room
  • Parking Space
  • Short Walk to Smithy Bridge Station

Tenure: Leasehold (125 years from 2019).
Minimum Share: 25% (£37,500).
Shared Ownership Rent: £234.63 per month (subject to annual review).
Admin Fee: £19.90 per month (subject to annual review).
Service Charge: £78.09 per month (estimated and subject to annual review).
Guideline Minimum Income: £16,000 (based on minimum share and 10% deposit).
Council Tax: Band B, Rochdale Borough Council. Priority is given to applicants living and/or working in this local authority.

*Information is correct to the best of our knowledge, please speak to the estate agent for more information*

Shared Ownership Resales

When the owner of a Shared Ownership property decides to sell the share they own, this becomes a re-sale. You will only be able to purchase the same or larger share in the home as the existing owner, which can vary between 25% and 75% of the property's market value. Then, just like Shared Ownership, you pay a reduced rent on the remaining share. 

25% Ownership Pricing

Full Property Price Price For Percentage Share Monthly Rent For Share
£150,000.00 £37,500.00 £257.81

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