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Full Description – The Roxby 

Prospa Homes are delighted to offer this spacious 3 bedroom Semi Detached home with generous plot and driveway to side providing parking for two vehicles.  Situated on this Brand New Barratt Homes development situated on the outskirts of Northwich, Cheshire and offers a superb opportunity to buy a brand new home at a price you can afford.  Anticipated Build Completion Date December 2019 Date subject to change.

Plot 42  (The Roxby) briefly offers:  

  • Semi Detached Location 
  • Ground floor – Entrance Hall with storage, WC, Modern Symphony Kitchen which includes integrated oven, hob and extractor hood with stainless steel splashback, Integrated Fridge Freezer, soft closing units and doors and LED spotlights.   
  • Impressive 4.25m x 5.6m Lounge Dining Room with French doors to rear garden. 
  • First Floor – Three Bedrooms, Family Bathroom with shower over bath and shower screen, full height tiling around bath. 
  • Storage Cupboard. 
  • Outside – Driveway to side, providing off road parking for two vehicles. 
  • Rear Garden turfed and fenced. 
  • Vinyl flooring to Kitchen, WC and Family Bathroom. 

Tenure: Leasehold.

All shared ownership homes have to initially be sold via a shared ownership lease.  If we own the Freehold and you staircase to 100%, we’ll transfer the Freehold to you at that point.  The price shown represents a sale of 40% share.   Open Market Value £170,000 Shared Owner Purchase 40% @ £68,000 via a mortgage and deposit Unsold Equity of 60% @ £102,000 would mean a shared ownership rent at 2.75% which is £233.75 per month (Rents are paid by Direct Debit to Weaver Vale Housing Trust).  Plus service charge including buildings insurance of approx. £22 per month.    

CONNECTED 

Northwich’s shops, including a Waitrose, with restaurants and multiplex cinema are just three miles away. Northwich offers the best of both worlds, with great shops, library and a thriving family-friendly community. Northwich is served by many own primary schools with access to secondary schools in nearby Weaverham and Hartford, along with Sir John Deane’s sixth form college in Northwich  Situated just 24 miles from Manchester and 18 miles from Chester and with easy and quick access to the M6 and M56 via the newly upgraded motorway link road A556, Northwich is an ideal base to live and work.  Manchester Airport is easily reached and there are main train links to Manchester and Liverpool locally.  Surrounded by spectacular places to visit and enjoy such as Marbury Park,Tatton Park and Delamere Forest just short drive away, meaning Northwich ticks all the boxes.     

WHAT IS SHARED OWNERSHIP ?  

Shared Ownership is when you part own and part rent your home. Typically a purchaser will buy a ‘share’ between 25% and 75% of the full market value of a property and pay rent to the owner of the remaining ‘share’, in this case, Weaver Vale Housing Trust.   It is an affordable way to buy a home for many people as it means you require a smaller mortgage and deposit. You must buy the largest share that you can afford, up to a maximum of 75% initially and can buy more shares (known as ‘staircasing’) when you can afford to.   For example:  -Open Market Value of £170,000  -Shared Owner Purchases 50% @ £85,000 via a mortgage  -Unsold Equity of 50% @ £85,000 would mean a shared ownership rent at 2.75% which is £194.79 per month (Rents are paid by Direct Debit to Weaver Vale Housing Trust)   

WHO IS ELIGIBLE FOR SHARED OWNERSHIP?   

FIRST TIME BUYERS / FAMILIES  Shared ownership is available to purchasers who can’t buy a home on the open market because they don’t have enough deposit or can’t secure sufficient mortgage it an ideal route for first time buyers. To qualify for shared ownership you must meet certain criteria:   Have a household income of less than £80,000 per year  Not be able to afford to buy a similar property on the open market  Not already own a property; if you do it must be sold before or at the same time that you complete the purchase of your new home   

FORMER HOME OWNERS  Are potentially eligible if they do not own a home at the time of application. Home owners going through a relationship breakdown are also eligible, as long as they have sold the property prior to purchase and have no legal interest or financial obligations relating to their former home.   

OLDER PEOPLE  Who own their own home but are selling and need to move to a more appropriate property may also be eligible, again on the basis that they have sold before they purchase and the property they are buying is appropriate in addressing this need (shared ownership should not be treated as an equity release option for older people).   For more detailed information about shared ownership please contact us on 01606 813 319 or email us sales@prospahomes.co.uk

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How does shared ownership work?

Shared ownership is a government backed home ownership option for people struggling to get a foot on the housing ladder.

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