£78,750
(£85/sq. ft)
3 bed terraced house for saleVale Drive, Oldham OL9
3 beds
1 bath
929 sq. ft
- New home
- Shared ownership
- Leasehold
LWC Sales & Lettings Ltd
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About this property
Contemporary kitchens with ample storage
Oven, hob and extractor hood
White sanitary ware
Electric heating
Air source cylinders which provide hot water
Turfed front and rear gardens and wall or fencing to all boundaries
Electric car charging points
External front and rear lights
12-year new build warranty
West Vale is a stylish collection of 2,3 & 4-bedroom homes less than a mile from Oldham town centre. Featuring homes ideal for first time buyers and growing families alike. Situated close to Oldham town centre, West Vale is the perfect location for contemporary living with all your local amenities, schools and parks right on your doorstep. An ideal location for anyone wanting to be out of the hustle and bustle of the town, but never too far away from the action.
A well-connected town with a proud history and heritage, Oldham's green spaces are some of the best in the country. From historic public parks to wooded river valleys and Pennine Moorland, there's something for the whole family.
All homes at West Vale are built to an excellent specification. Light, spacious rooms are
complemented by eye catching, contemporary bathroom designs and kitchen/diners equipped with modern fitted units throughout – including a stainless-steel oven, electric hob and extractor hood.
Attention to detail is just as comprehensive throughout the exterior, from off-road parking to front and rear lights:
Contemporary kitchen with ample storage
Oven hob and extractor
White sanitary ware
Thermostatic shower
Generous bathroom tiling
Mirrors to bathrooms
Electric heating
Air source cylinders which provide the hot water
MVHRs (Mechanical Ventilation with Heat Recovery systems)
Double glazed windows
Off-street parking
Turfed front and rear gardens
Electric car charging point
Wall or fencing provided to all boundaries
External front and rear lights
12-year warranty
Shared ownership
Stepping into your new home is one of the best and most exciting achievements in life and Shared Ownership makes that ambition possible. You initially purchase a part-share in
a home through a mortgage and savings.
You only need to buy as much as you can afford, usually a minimum of 25%* and up to a maximum of 75%, and you pay a subsidised rent to us on the share that you don't own. The great thing about Shared Ownership is that you can buy a larger share of the property whenever you can afford it. The more you own, the less rent you pay. What's more, you can get started with a smaller deposit, because it's calculated on the value of the share you buy.
Shared Ownership provides you with the perfect opportunity to get your feet onto the property ladder. Even though you are only purchasing a share, it will definitely feel like your home since you are free to decorate and personalise it to your own taste. Shared Ownership is a Government-backed initiative. Below we've listed some of the main qualifying criteria around your eligibility:
* Your household income is £80,000 a year or less * You cannot afford all the deposit and mortgage
payments for a home that meets your needs
* You're a first-time buyer or * You used to own a home, but cannot afford to buy
one now or
* You own a home and want to move but cannot afford
a new home suitable for your needs or
* You're forming a new household - for example, after
a relationship breakdown or
* You're an existing shared owner and want to move
*lower shares may be available
This house is available to be purchased through Shared Ownership and below are some sample figures for your information. Lower shares may be available subject to passing financial assessment.
Full Marker Value £225,000.
Building insurance £21.49pcm
25% share at £56,250, Shared Ownership rent £386.72pcm
30% share at £67,500, Shared Ownership rent £360.938pcm
35% share at £78,750, Shared Ownership rent £335.16pcm
40% share at £90,000, Shared Ownership rent £309.37pcm
50% share at £112,500 Shared Ownership rent £257.81pcm
60% share at £135,000, Shared Ownership rent £206.25pcm
70% share at £157,500, Shared Ownership rent at £154.69pcm
75% share at £168,750, Shared Ownership rent at £128.91pcm
Viewings will available soon.
Some images are for illustration purposes only.
More information
Tenure
Leasehold (990 years)
Service charge
Council tax band
Ground rent
£0
Ground rent date of next review
Shared ownership details
A fantastic opportunity to purchase this 3-bedroom house on a Shared Ownership basis. £78,750 represents 35% share, rent £335.16pcm. Full market value £225,000. Other share options available.
Shared ownership percentage owned
35%
Shared ownership rent
£335 per month