Shared Ownership

This brand new home is available to buy from as little as £202,500 with a 50% share!

The development is ideally situated just off Princess Parkway, which provides links to Manchester City Centre in less than 20 minutes by car, and the M56 and M60 motorways providing routes to Stockport, Warrington, Chester and Bolton, perfect for commuters!

Wythenshawe Park is just a 5 minute walk away, with 270 acres of historic woodland, open grasslands and beautiful wildflower meadows to explore as well as tennis courts, horse riding facilities and a community farm, it’s the perfect place to walk the dog, tire out the kids or learn a new skill.

If that isn’t enough for the outdoors activities and you’re feeling a little more daring, Sale Water Park is just 3 miles from the development. With a Water Sports Centre you can try a wide range of water sports activities such as paddle boarding, kayaking, canoeing, windsurfing or sailing. If you prefer to keep your feet on dry land then perhaps just a leisurely walk around the lake followed by a bite to eat in the onsite café or restaurant.

Nearby is the up and coming Sale town centre which has undergone a massive regeneration project and is a 10 minute drive from Varsity Quarter. Stanley Square is all about community vibes, a place to shop, meet friends and treat yourself to some delicious food in one of the many restaurants or cafés located here.

Public transport links are plentiful, bus stops on Sale Road can take you Sale, Altrincham, Manchester City Centre and Middleton and the Northern Moor tram stop less than a mile away has services to Manchester, Wythenshawe and Manchester Airport.

The Joule is a spacious semi detached home which has accommodation to include: entrance hall, laundry room, cloakroom, a large kitchen/diner and a separate living room. On the first floor are four bedrooms (en suite to bedroom 1) and a family bathroom. PLEASE NOTE THAT FLOORING IS NOT INCLUDED.

PRICING & AFFORDABILITY

Full Market Value: £405,000

50% Share Price: £202,500 (rent £464.06pcm)
60% Share Price: £243,000 (rent £371.25pcm)
75% Share Price: £303,750 (rent £232.03pcm)

Minimum 5% Mortgage Deposit (50% share): £10,125
Approximate Service Charges: £31.36 pcm*
Shared Ownership Lease: 990 years
Council Tax Band: TBC

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.

At Varsity Quarter you can buy a minimum 25% share of your home (the maximum you can buy initially is 75%). When you’re ready, you can buy more shares until you staircase to owning 100% of your home.

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.

Please note the minimum share you can purchase can vary depending on your financial situation and you may be asked to purchase a larger share, should your personal circumstances permit.

*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.

**These photos are for information purposes only and may not represent a true likeness for the units being sold. They may have been taken from earlier phases or similar developments/house types and digitally furnished to represent how the home could be laid out; the final colours/appearance/specification may differ from the images and are not plot specific. We advise applicants to make their own investigations on future development in the area. We would suggest contacting the local authority for more information.
; Service Charge: 376.32