Get on the property ladder in Royton, with homes for shared ownership

10/01/2024

New year, new home? Fabric Living’s latest houses for shared ownership in Royton could make this dream come true for those looking to get a foot on the property ladder at an affordable price.

Perfect for families and couples, the collection of stunning three and two-bedroom homes at The Place on Radcliffe Street offer a perfect blend of style, convenience and comfort at an accessible price

Now house-hunters are invited to come and see for themselves at an open day on Saturday 13 January 2024.

Shared ownership is a government initiative allowing purchasers to buy a share in a new home through a mortgage and savings, and pay rent on the share they don’t own.

This option enables house-buyers to secure a property of their own with a lower deposit and smaller mortgage payments. Over time, shared owners can also increase their share if they would like.

Each house at The Place is built to a high specification with excellent energy performance and contemporary living in mind.

Light, spacious rooms are complemented by stylish bathroom designs and modern kitchen/diners.

Outside, each home has a turfed rear garden in which to relax, plus allocated private parking.

Prices at The Place vary depending on the house type and size of share, but a typical example is £80,500 based on a 35% share in a two-bedroom, three storey property with shared ownership. Shares can range from 25% to up to 75% under the new shared ownership model.

Homes at The Place are being marketed through Fabric Living, our shared ownership and sales brand.

Joel Owen, our Director of Development said:

“This exciting scheme in the sought-after location of Royton is part of our continued investment in creating new, truly affordable homes locally.

“Shared ownership is a part-rent, part-buy scheme that could help people on the path to homeownership much sooner than they may have thought possible.

“I’d encourage those keen to find out more about The Place to come along to our open day and see how shared ownership could work for you.”

Viewings at the open day on Saturday 13 January are by appointment. To book a visit, contact our friendly sales team. Email sales@fabricliving.co.uk or call 0161 524 1699.

The Place is Fabric Living’s second shared ownership development in the Royton area, having successfully completed the Pavillion Green scheme of ten three-bedroom houses on Thorp Road in 2019.

To help increase the amount of affordable housing available in Oldham and surrounding areas to meet housing need, Fabric Living is currently developing more than 120 homes for shared ownership in Oldham, Rochdale and Kirklees.