Queens Drive

2 - 3 bedroom homes in Queens Drive, Nantwich, Cheshire East, CW5 5XR

Tenure Shared ownership
What is Shared Ownership?
Availability Available
Min share price from £40,000 for 25% share
Full price from £160,000
Min deposit from £2,125
Monthly rent from £293
Bedrooms 2-3
Bathrooms 1 - 2
Parking 2
Pets Yes

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

Introducing Queen's Drive, a collection of modern 2 & 3 bedroom homes for sale through Shared Ownership on behalf of Peaks & Plains Housing Trust, part of the popular Pear Tree Meadows development by Bovis Homes.

Shared Ownership is a part-buy, part-rent scheme for people who can't afford to buy a home with a commercially-available mortgage. It's backed by the government, and is a way to buy a share in a home now with the option to buy more of it in the future. You'll need a minimum level of income/savings depending on the value of the home you want to buy.

Each home features light, spacious rooms finished to a high specification. Kitchens include contemporary fitted units, an electric oven with gas hob and extractor fan. Homes also include modern fitted bathrooms with tiling and luxury vinyl flooring to both kitchen and bathrooms. Allocated parking also included.

 

Local area information

Nantwich is a thriving market town situated on the banks of the River Weaver. This
medieval market town is famous for the black and white timbered buildings dotted around the town. You can take a stroll through the atmospheric streets and visit bijoux boutiques or antiques dealers as well as traditional food shops and the Farmers Market which is held on the last Saturday of every month in Nantwich Square.
 

Status Plot No. Floor Beds Min share price Eligibility
Available 78 House 2 £40,000 View details
Available 79 House 2 £40,000 View details
Available 80 House 2 £40,000 View details
Available 82 House 2 £40,000 View details
Available 93 House 2 £40,000 View details
Available 81 House 3 £49,000 View details
Available 84 House 3 £45,000 View details
Available 85 House 3 £45,000 View details
Available 86 House 3 £45,000 View details
Available 92 House 3 £45,000 View details
View More

FAQ's

Min share price from: £40,000 for a 25% share
Full price from: £160,000
Minimum deposit from: £2,125
Monthly rent from: £293
Bedrooms: 2
Bathrooms: 2

There are 10 available ranging from £40,000 for a 25% share to £49,000 for a 25% 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.

Yes, but 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

Check eligibility

Check your eligibility against the cheapest plot at this development. Alternatively, qualify yourself against your preferred plot listed on the ‘Availability’ table.

Queens Drive

2 - 3 bedroom homes in Queens Drive, Nantwich, Cheshire East, CW5 5XR

Tenure Shared ownership
What is Shared Ownership?
Availability Available
Min share price from £40,000 for 25% share
Full price from £160,000
Min deposit from £2,125
Monthly rent from £293
Bedrooms 2-3
Bathrooms 1 - 2
Parking 2
Pets Yes

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