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.
- 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.