£146,000 /Sale price

Up to £4,000^ incentive on all new Shared Ownership homes! This brand new home is available to buy from as little as £146,000 with a 40% share!Situated in the charming town of Market Drayton, the development emphasises sustainability and community, featuring green open spaces and a children's play area, all set within a 23-acre site. Each home is crafted to provide comfort and style, making Montgomery Place an ideal choice for those seeking a blend of countryside, tranquillity and contemporary living.Built to 'The Chiddingstone' design, this imposing detached home features a large kitchen/dining/family room at the back of the house with doors that open to the garden and a separate living room. You'll also find a utility room and cloakroom to the ground floor. Upstairs there are four bedrooms (en suite to bedroom one) and a family bathroom. Externally is parking and a garden.Local Area & AmenitiesMarket Drayton, nestled in Shropshire's picturesque countryside, is renowned for its rich history and vibrant community. The town hosts a traditional weekly market every Wednesday, a tradition dating back to 1245. Residents can enjoy the scenic Shropshire Union Canal, perfect for leisurely walks and cycling. The town is also famous for its gingerbread, a delicacy produced locally since the 18th century. Essential amenities, including shops, cafes, and healthcare facilities, are readily available, ensuring convenience for all residents. Travel ConnectionsMontgomery Place offers excellent connectivity to surrounding towns and cities. The A53 provides direct routes to Stoke-on-Trent, Shrewsbury, and Newcastle-under-Lyme. While Market Drayton no longer has its own railway station, nearby stations in Whitchurch and Crewe offer regular services to major destinations, including Birmingham and Manchester. Local bus services further enhance accessibility, making commuting straightforward for residents.PRICING & AFFORDABILITYApproximate Size 1330 sq ftFull Market Value: £365,00040% Share Price: £146,000 (rent £501.88pcm)60% Share Price: £219,000 (rent £334.58pcm)75% Share Price: £273,750 (rent £209.11pcm)Minimum 5% Mortgage Deposit (40% share): £7,300Approximate Service Charges: £70.83 pcm* Shared Ownership Lease: 990 yearsCouncil Tax Band: TBCELIGIBILITYShared Ownership gives first time buyers and those that do not currently own a home the opportunity to purchase a share in a new build or resales leasehold property. The purchaser pays a mortgage on the share they own and pays rent to a housing association on the remaining share. The combined mortgage and rent is usually less than you'd expect to pay if you bought a similar property outright although this is not a guarantee.At Montgomery Place advertised shares trat from a 40% share of your home (the maximum you can buy initially is 75%). When you're ready, you can buy more shares until you own 100% of your home.To be eligible for shared ownership you would need to meet the following criteria: Your annual household income does not exceed £80,000. You have a deposit of at least 5% of the share value You do not own another property or have your name on the deeds or a mortgage for a property worldwide. This will be your only residence. You are a permanent UK resident or have indefinite right to remain.Please note the minimum share you can purchase can vary depending on your financial situation and you may be asked to purchase a larger share, should your personal circumstances permit.^ Terms and conditions apply. Please speak to a sales representative for more information. Incentives can be altered or withdrawn at any time prior to exchange of contracts.*Service charges are estimated and may subject to change. Rent and service charges will be reviewed annually by your housing provider, usually on 1st April each year.**The property is sold off-plan. Images, computer-generated visuals and virtually dressed images are for illustrative purposes only and may include finishes, fittings, layouts or appliances that are not included in the sale. No specification is fixed or agreed at exchange of contracts and the design and specification may change at any time up to build completion. All details are indicative and purchasers must rely on the contract terms agreed at exchange.