Kittybert Avenue
Due for completion—July 2008
Arcon Housing Association is building seven HomeBuy houses on Kittybert Avenue off Abbey Hey Lane, close to Debdale Park and the proposed new Gorton shopping centre.
Each house comprises three bedrooms, entrance vestibule, lounge area, kitchen and a cloakroom on the ground floor. Five of the houses have integral garages. On the first floor is the master bedroom with second and third bedrooms and a family bathroom. The third bedroom is equipped to be used as a home office. The apartments are designed to Eco Homes Good standard to ensure high levels of energy efficiency and comply with Secure by Design.
HomeBuy
New Build HomeBuy, also known as shared ownership, is aimed at people who cannot afford to buy a home outright. The scheme allows you to buy a share of your home and pay rent on the remainder. You will be able to own your home outright if you buy further shares.
More information about HomeBuy (shared ownership)
How to Apply
Kittybert Avenue is marketed through Rightmove and Plumlife who are the HomeBuy Agent for Greater Manchester.
To apply visit www.plumlife.co.uk or phone 0161 447 5050, or visit www.rightmove.co.uk.
Sales price and monthly cost example
| Market value (100%) | £169,950 |
| Selling price (50% share) | £84,975 |
| With a 5% deposit | £4,250 |
| Monthly repayment on a £80,725 mortgage | £551 |
| Monthly rent on the remaining 50% share | £195 |
| Monthly Service charge | £9 |
| Total monthly estimated cost | £755 |
| Market value (100%) | £149,950 |
| Selling price (50% share) | £74,975 |
| With a 5% deposit of | £3,750 |
| Monthly repayment on a £71,225 mortgage | £487 |
| Monthly rent on the remaining 50% share | £172 |
| Monthly Service charge | £9 |
| Total monthly estimated cost | £668 |
Added 16th April 2008
