3 Bed Terraced House For Sale

*******The Mill *******



This modern 3-bedroom family home is part of Cotton Mews- an exceptional collection of 2 and 3 bedroom homes.



Cotton Mews a wonderful collection of new homes located in Failsworth, just 4 miles from

Manchester City Centre. Offering two and three bedroom homes, this development is perfect for young families, first time buyers and professional couples. An ideal location close to the amenities of

Failsworth and Oldham and within easy commuting distance of central Manchester.



Residents at Cotton Mews will benefit from the proximity of Failsworth to an abundance of green

space with a great selection of parks and nature reserves on your doorstep.

Daisy Nook Country Park, part of the National Trust is a very popular destination where you can enjoy walking, horse riding, fishing, and many other pursuits. With great transport links through road and rail there is convenient access to destinations like the Trafford Centre, Manchester Airport, Old Trafford, or the Etihad Stadium and of course all the attractions Manchester has offer.

Whether its shopping, the theatre, eating out or the vibrant nightlife you will truly be spoilt for choice.

Closer to home, the development is served by convenient shopping such as Tesco Extra, Morrisons, Costco and the famous Housing Units.



All homes at Cotton Mews are built to an excellent specification. Light, spacious rooms are complemented by eye catching, contemporary bathroom designs and kitchen/diners equipped

with modern fitted units throughout - including a stainless-steel oven, gas hob and extractor hood. Attention to detail is just as comprehensive throughout the exterior, from off-road parking and rear gardens.



Shared ownership



Stepping into your new home is one of the best and most exciting achievements in your life and Shared Ownership makes that ambition possible. You initially purchase a part share in a home through a mortgage and savings. You only need to buy as much as you can afford, usually a minimum of 35% - 40% and up to a maximum of 75%, and you pay a subsidised rent to us on the share that you don't own. The great thing about Shared Ownership is that you can buy a larger share of the property whenever you can afford it. The more you own, the less rent you pay. What's more, you can get started with a smaller deposit, because its calculated on the value of the share you buy. Shared Ownership provides you with the perfect opportunity to get your feet onto the property ladder. Even though you are only purchasing a share, it will definitely feel like your home since you are free to decorate and personalise it to your own taste.



Below we've listed some of the main qualifying criteria around your eligibility:

* Your household income is £80,000 a year or less

* You cannot afford all the deposit and mortgage payments for a home that meets your needs

* You're a first-time buyer or * You used to own a home, but cannot afford to buy one now or

* You own a home and want to move but cannot afford a new home suitable for your needs or * You're forming a new household - for example, after a relationship breakdown or

* You're an existing shared owner and want to move



This house is available to be purchased through Shared Ownership and below are some sample figures for your information. Other combinations are available to suit your needs:



Full Marker Value £315,000 Estate charge £4.42pcm and building insurance £30.85pcm



35% share at £110,250, Shared Ownership rent £469.22 pcm

40% share at £126,000, Shared Ownership rent £433.13 pcm

50% share at £157,500, Shared Ownership rent £360.94 pcm

60% share at £189,000, Shared Ownership rent £288.75 pcm

70% share at £220,500, Shared Ownership rent at £216.56 pcm

75% share at £236,250, Shared Ownership rent at £180.47 pcm



Viewings will be available in January/February 2024