Pembrey Drive, Stoke-on-Trent, Staffordshire

Shared Ownership

This brand new home is available to buy from as little as £65,500 with a 25% share!

Nestled in beautiful North Staffordshire, Waterside is ideally located for all of county’s many world class attractions. These include theme parks, historic houses, gardens, zoos, museums, steam railways, potteries, horse racing and more miles of canal than any other Shire county.

In fact, Waterside overlooks a stunning stretch of the Trent and Merseyside canal and is perfectly placed for both business and leisure. Trentham offers buyers the best of both worlds: the quiet of the countryside and the vibrancy of the city. Its close proximity to Stoke-on-Trent means that you can enjoy city life any time you want; browse the extensive high street shops, dine in one of the cities celebrated restaurants and try out its dynamic night life.

The Waterside development is ideal for those who want all the convenience of modern living, close to home. The development is only 5 minutes’ drive to Trentham Estate with its 725 acres of spectacular natural beauty and home to award-winning Gardens, glorious ancient Woodland, and a unique outdoor shopping village.

There are bus stops near the development that have frequent services to Hanley, Stafford, Stoke-on-Trent and all its surrounding areas; ensuring that all local towns and villages are accessible. In addition, Stoke-on-Trent train station is less than 4 miles away on and lies on the Stafford to Manchester branch of the West Coast Main Line. This station provides an interchange between various local services running through Cheshire, Staffordshire and Derbyshire.

This development is also close to the A50 with links to the M6 and M1 making the commute to both Manchester and Birmingham easy, and providing convenient access throughout the North West and to the South.

The Ellerton - These stunning 3 homes are constructed to the highest specifications. The open plan kitchen/dining room to the rear and spacious lounge to the front of the property puts families at the heart of these homes, whilst the French Doors to the garden floods the rooms with light. There are 3 bedrooms on the first floor (master with en suite) and a contemporary 3 piece family bathroom. In addition, each one of these stylish homes has extra storage, a private garden and off-road parking. All this is complemented by gas central heating, smoke detectors, stylish uPVC doors & windows and neutral decor throughout.

PRICING & AFFORDABILITY

Full Market Value: £262,000

25% Share Price: £65,500 (rent £450.31pcm)
50% Share Price: £131,000 (rent £300.21pcm)
75% Share Price: £196,500 (rent £150.10pcm)

Minimum 5% Mortgage Deposit (25% share): £3,275
Approximate Service Charges: £28.15 pcm*
Council Tax Band: TBC

ELIGIBILITY

Shared 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 Waterside you can buy a minimum 10% share of your home (the maximum you can buy initially is 75%). When you’re ready, you can buy more shares until you staircase to owning 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
• NHS Workers will be given priority by the Housing Provider for these homes

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.

*Service charges are estimated and may subject to change.

**These photos are for information purposes only and may not represent a true likeness for the units being sold. They may have been taken from earlier phases or similar developments/house types and digitally furnished to represent how the home could be laid out; the final colours/appearance/specification may differ from the images and are not plot specific. We advise applicants to make their own investigations on future development in the area. We would suggest contacting the local authority for more information.


The developer has informed us that all homes in the current phase will be red brick with NO render.