Reedmace Way, Shavington, CW2

Auxesia Homes provide this fantasic 4 bedroom 'Hornsea' house type for shared ownership purchase. Situated within Shavington Park, in collaboration with Persimmon Homes, the property is expected to be ready for occupancy October 2023

The ground floor of the property comprises a front facing living room, kitchen diner at the rear - with access to private rear garden, downstairs WC, a utility room and a single garage. The upper floor offers a large en-suite master bedroom, a second front facing double bedroom, a single bedroom and a fourth bedroom / office. A family bathroom completes the property.

The large village of Shavington lies 2.5 miles to the south of Crewe, near Wybunbury, and offers a range of facilities that cater for all your day-today needs including a Co-op supermarket and Post Office. Transport links are also convenient, with Crewe mainline railway station just a 10-minute drive away, and the A500 providing
easy access to J16 of the M6 motorway. Shavington Leisure Centre and children's Playworld provide activities for all the family. There's also a local primary and secondary school in Shavington, both of which are highly-regarded with Ofsed 'good' ratings. Shavington Park enjoys a semi-rural location so you'll never be far from beautiful countryside.

The advertised price of £132,500 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 £303.64 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: £303.65 per month
Service Charge: £20.83 per month