2 bed flat for sale

Saddlery Way, Chester CH1

40% shared ownership * first floor apartment wiith allocated parking space.

Muir Housing Group are delighted to present a two-bedroom first floor apartment in Saddlery Way with 40% shared ownership. This property is conveniently located next to Chester Racecourse, alongside the River Dee and a short walk into Chester City Centre.

The accommodation briefly comprises: Entrance Hall with cylinder cupboard, open-plan living/dining and kitchen area with French door and Juliet style balcony, bedroom one, bedroom two with French door and Juliet style balcony and bathroom. The property benefits from UPVC double glazing, electric heating, and an intercom entry system. Externally there are communal maintained areas and an allocated parking space that is not required to be surrendered on race days.

Saddlery way is a popular development that is well placed just a small walk from Chester City Centre which offers shopping and dining aplenty. Leisure facilities such as Northgate Arena and Total Fitness are close by, as well as the Greyhound Retail Park and Tesco Supermarket which are also within comfortable walking distance of the property. Saddlery Way is well placed for easy commuting to surrounding areas Chester business park is within a short drive together with the A55 Expressway which links into the motorway network to North Wales.

Full Market Value £130,000

40% Share Value: £52,000

Rent on unowned share £178.75. Pcm

Service Charge: £91.52 pcm

Muir management fee £26.28 pcm

Ground rent: £250 Per annum

Tenure; Leasehold 99 years

Council Tax; Cheshire West and Chester - Tax Band C

Allocated parking space: No. 17, located to the rear of the main entrance and visible from the apartment.

Eligibility

Have a combined household income under £80,000 per annum
Not already own a property, or part of a property, at the time of completing on your purchase
Be unable to purchase a suitable home to meet your housing needs on the open market.
All prospective purchasers must complete a share ownership application form and affordability assessment to confirm eligibility.

The asking price represents a 40% share. The remaining 60% share of this Leasehold title not being sold within this transaction falls within the ownership of the Muir Group Housing Association.

Information on Shared Ownership;
If you can't afford the mortgage on 100% of a home, Shared Ownership offers you the chance to buy a share of your home (between 40% and 75%) and pay rent on the remaining share. You could buy bigger shares when you can afford to do so which is referred to as 'staircasing' and the more shared you own, the less rent you pay. Muir Housing Group offer 'staircasing' to 100% ownership.

Management and estate charges apply.