RS: 43 Birch Hill Clock Tower

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

RS: 43 Birch Hill Clock Tower

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A great chance to buy a two-bedroom shared-ownership apartment within a magnificent period building. The stylishly-presented property is on the second (top) floor and features a spacious reception room with attractive open-plan kitchen.

The bedrooms are generously-sized doubles. There is a simple, modern bathroom plus a naturally-lit, en-suite shower room. Internal wall insulation and high performance glazing has been installed to 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 £8,750
  • Guideline Income Dual £18.8k | Single £22.3k
  • Second Floor
  • Approx. 918 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 2020).
Minimum Share: 50% (£87,500).
Shared Ownership Rent: £182.80 per month (subject to annual review).
Combined Insurance, Service Charge and Admin Fee: £100.05 per month (subject to annual review).
Guideline Minimum Income: Dual - £18,750 | Single - £22,250 (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. 

50% Ownership Pricing

Full Property Price Price For Percentage Share Monthly Rent For Share
£175,000.00 £87,500.00 £200.52

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