- 2 Bedroom Homes
- Shared Ownership
In collaboration with Osborne & Co, Auxesia Homes are excited to offer 2 two bedroom semi-detached properties for shared ownership purchase. Situated at Blossom Close, Chester Road, Kelsall, the site comprises of 8x four bedroom detached houses and a pair of affordable homes. Our homes are expected to be ready to move in early 2022.
This semi-detached property comprises front facing living room, WC, rear facing kitchen diner with integrated appliances, master bedroom, single bedroom and bathroom with 3 piece suite.
Kelsall is a commuter village in Cheshire West and Chester. The village is located around 8 miles (13 km) east of Chester, 8 miles (13 km) west of Northwich and 4 miles (6 km) north west of Tarporley.
The village contains two churches, one primary school, a community centre, a doctors' surgery, a chemist, a local store, a butchers shop, four public houses and a nursing and residential home.
The advertised price of £120,000 represents a 50% share of the property. Rent would therefore be payable on the outstanding 50% share, set at 2.75% per annum. Based on a 50% share, rent would equate to an additional £275.00 per month on top of any required mortgage. You may purchase up to 75% of the total property price upfront.
What is Shared Ownership?
Shared ownership is a government-backed scheme, designed to make stepping onto the property ladder more affordable. Buy between 25% - 75% of a home normally with a mortgage and a reduced deposit, and pay a low-cost rent on the remaining un-purchased share.
Am I eligible to buy a home with shared ownership?
The eligibility criteria for shared ownership is simple; as long as you don't currently own, or won't own another property when you move in to a new home, you're likely to qualify. Your annual household income must not exceed £80,000 and you'll need to have savings to cover typical purchasing costs such as solicitors fees and your mortgage deposit.
Local connection tests also apply meaning you must have a strong connection to the area, being your current residence, immediate family, or work.
To find out more please contact Auxesia Homes in-house sales team.
Tenure: Leasehold (125 years)
Ground Rent: £1,650 per year