Fabrick

1 - 2 bedroom homes in Warren Road, Cheadle, Stockport, SK8 5BB

Tenure Shared ownership
What is Shared ownership?
Availability Available
Min share price from £135,000 for 100% share
Full price from £135,000
Min deposit from £6,750
Monthly rent from TBC
Bedrooms 1-2
Bathrooms 1

Shared Ownership is a type of affordable home ownership when a purchaser takes out a mortgage on a share of a property and pays rent to a landlord on the remaining share.

For example, someone might buy a 50 per cent share in a property and pay rent to the landlord on the remaining 50 per cent. Purchasers then have the opportunity to ‘staircase’ up their share of the property, gradually increasing the proportion of their home that they own outright and therefore paying less rent on the remaining portion, until they own 100 per cent of their home.

Overview

Affordability

With Help to Buy available, owner occupiers can purchase at Fabrick with a deposit of just 5% topped up by a 20% Government Equity Loan. With prices starting at £135,000 that’s a deposit of just £6,750, with no Stamp Duty to pay if you’re a first-time buyer:

Purchase price: £135,000

5% deposit: £6,750

Help to Buy loan: £27,000

Mortgage: £101,250

Approx. repayments: £410 (subject to mortgage terms)

 

The Development

Fabrick is a new 184 one and two bedroom apartment development available through Shared Ownership.

  • Multi award-winning developer
  • Best-in-class specification
  • Engineered hardwood flooring in kitchen/ living areas
  • White gloss soft-close kitchen units with granite worktops
  • Integrated Bosch appliances; designer bathrooms
  • Nest Learning thermostats
  • 1GB Hyperoptic broadband

Residents also enjoy access to a club lounge and stunning roof top terrace with far-reaching views.

 

Homemaker - We Build the Space, You Make It a Home

We know how much of a strain on the finances buying a home can be. You have to raise a deposit, then there’s solicitors fees and removal costs to consider. All this can leave you out of pocket.

We’re offering buyers our Homemaker furniture contribution to help you to transform your apartment into a home. We’ll even take care of delivery and installation so you don’t have to!

Local area information

With its quaint village appearance and cosmopolitan vibe, Cheadle Hulme is just eight miles from Manchester City Centre and five miles from Manchester Airport. There are a variety of local restaurants such as the ever-popular Gusto and great pubs such as The John Millington and Chiverton Tap. Platform 5 is a trendy coffee house come bar next to the train station and there is a John Lewis, Waitrose and Morrisons to satisfy food and homeware needs.

Located on Warren Road, Fabrick sits just two minutes’ walk from Cheadle Hulme station for a 16-minute train journey to Manchester Piccadilly and Stockport six minutes. The new £800m Airport City Manchester development (Manchester Airport) is just 10 minutes’ drive and the intu Trafford Centre, the UK’s third largest shopping centre, 20 minutes, for the best shopping in the North West.

For more developments available through Help to Buy and Shared Ownership in Manchester, view our list of properties.

Status Plot No. Floor Beds Min share price Eligibility
Available G.06 Ground 1 £135,000 View details
Available G.06 Ground 1 £135,000 View details
Available G.07 Ground 1 £135,000 View details
Available G.08 Ground 1 £135,000 View details
Available 1.16 First 1 £135,000 View details
Available 1.18 First 1 £135,000 View details
Available 1.19 First 1 £135,000 View details
Available 1.20 First 1 £135,000 View details
Available 1.21 First 1 £135,000 View details
Available 1.22 First 1 £135,000 View details
Available 1.01 First 1 £137,500 View details
Available 1.02 First 1 £137,500 View details
Available 1.03 First 1 £137,500 View details
Available 1.04 First 1 £137,500 View details
Available 1.09 First 1 £137,500 View details
Available 1.12 First 1 £137,500 View details
Available 1.06 First 1 £138,500 View details
Available G.24 Ground 1 £139,500 View details
Available G.26 Ground 1 £139,500 View details
Available G.247 Ground 1 £139,500 View details
Available G.29 Ground 1 £139,500 View details
Available 1.14 First 1 £139,500 View details
Available 1.24 First 1 £142,500 View details
Available 1.25 First 1 £142,500 View details
Available 1.27 First 1 £142,500 View details
Available G.30 Ground 2 £199,000 View details
Available 1.30 First 1 £199,000 View details
Available 1.23 First 2 £210,000 View details
View More

FAQ's

Min share price from: £135,000 for a 100% share
Full price from: £135,000
Minimum deposit from: £6,750
Bedrooms: 1
Bathrooms: 1

There are 28 available ranging from £135,000 for a 100% share to £210,000 for a 100% share.

It’s the same as buying on the open-market but you’re buying a share of a property, so therefore pay a mortgage on the part you own.

An independent mortgage advisor can help suggest which type of mortgage might be best for you, based on your situation.

Leasehold, which is essentially the contract for the share you've bought.

It means you've got the right to keep your home for a certain number of years (usually at least 125), but the land belongs to someone else. Your lease also sets out how much you need to pay each month, your responsibilities while living there and all the details of your agreement with the housing association. Make sure you go through it and ask lots of questions.

Your solicitor can help you with this.

It all depends on your lease (your contract with the housing association) so check it thoroughly and ask questions before you buy.
Illustration by: James Halsall

Register Interest

Register your interest to be contacted by a housing provider. You will need to provide basic eligibility criteria during the register interest process.

Fabrick

1 - 2 bedroom homes in Warren Road, Cheadle, Stockport, SK8 5BB

Tenure Shared ownership
What is Shared ownership?
Availability Available
Min share price from £135,000 for 100% share
Full price from £135,000
Min deposit from £6,750
Monthly rent from TBC
Bedrooms 1-2
Bathrooms 1

Shared Ownership is a type of affordable home ownership when a purchaser takes out a mortgage on a share of a property and pays rent to a landlord on the remaining share.

For example, someone might buy a 50 per cent share in a property and pay rent to the landlord on the remaining 50 per cent. Purchasers then have the opportunity to ‘staircase’ up their share of the property, gradually increasing the proportion of their home that they own outright and therefore paying less rent on the remaining portion, until they own 100 per cent of their home.

Location

Housing Provider

Trusted by

Southern Complete Moves Mayor or London National Housing Federation Moat Homes