www.buttersjohnbee.com Two Bedroom End Terrace House on a Shared Equity Scheme

Butters john bee bring to the market this two bedroom end of terrace house on a popular development in Alsager on a Shared Equity Scheme with a 70% share.
You will own 100% of the property but if you sell the property it will be sold under the same term.

'Shared Equity Scheme' 70% of the house is for the buyer, 30% of the house is with Cheshire East Council, but with no rent paid on the remaining 30%. Whenever the house is listed by the current owner, the house has to be at its discounted value. Cheshire East Council receives applications in a given timeframe, to allow them to allocate a buyer who meets the local connection and lack of affordability criteria. There is the ability to purchase the 30% equity from the Council after 5 years of living in the home. After 25 years of the same owner in the house, they have to buy the 30% equity from the council.

***No rent is to be paid on the remaining 30% share***

The property in brief;
Enter into the hallway giving access the the ground floor WC, the lounge is located to the front aspect, through to the rear where you will find a spacious kitchen-diner overlooking the garden.
The first floor; the master bedroom as an exceptional size to the rear, a good size second bedroom and bathroom.

Externally there is a private rear garden mostly laid to lawn and two parking spaces on the carpark area.

Call us now to arrange your viewing and for more information.

Butters John Bee is the seller's agent for this property. Your conveyancer is legally responsible for ensuring any purchase agreement fully protects your position. We make detailed enquiries of the seller to ensure the information provided is as accurate as possible. Please inform us if you become aware of any information being inaccurate