Rare chance to buy a quality new home for £82,200

A rare chance is being offered to buy a quality new two-bedroom home near Oswestry for just £82,200.

The property at Weavers Rise, Chirk Bank, is being built by Primesave Properties Limited and made available through Shropshire Council’s Discount Market Sale Scheme.

It is available to buy and own outright by anyone who lives in, works or has family connections in the Shropshire Council administrative area, doesn’t currently own a property and does not have enough savings or income to purchase another property on the development.

“These properties are only available locally and will not be advertised on the usual property websites like Rightmove, applications from investor landlords or those looking to buy a second home will not be considered,” said Martin Moore of estate agents Morris, Marshall and Poole with Norman Lloyd who are marketing the whole development.

The purchase price is fixed, there is no negotiation and higher offers will not be considered.

“This means the buyers only need £8,220 for their 10% deposit and a mortgage for just £73,980” (Based on a 90% mortgage, 95% mortgage may be possible depending on the lender used).

Buyers should note that when they come to sell the property it must be sold to another local person at 60% of the open market value at the time.”

The terraced house has two bedrooms with open living room, fitted kitchen, ground floor WC, first-floor bathroom with a shower over the bath, gas central heating, double glazing, garden and two car parking spaces.

It has a 10-year new build warranty and will be finished in early 2020. As it is currently being built the image is an artist’s impression of the type of house being offered, it may differ slightly in visual appearance.

It will be sold by Morris, Marshall and Poole with Norman Lloyd on a first-come, first-served basis.

To apply please contact Martin Moore at MMP/NL’s Oswestry office on 01691 679595 on or after Monday, 19 August 2019.

You will be sent an application form by email which you must complete in full and forward directly to Shropshire Council for consideration. It is essential this is done promptly as the property will be offered to the party submitting the first acceptable application received by the council.