Shared Ownership – Case Study
Viola Place in Clayton, Manchester has proven to be a popular development for those looking to get onto the property ladder through Shared Ownership. Recently shortlisted for Best Shared Ownership Development in the Inside Housing Development Awards, Viola Place offers the perfect balance of city centre lifestyle and suburban charm.
The new energy efficient homes offer buyers spacious living accommodation spread over two floors making them the perfect home for young couples or a growing family. The fantastic range of city life and leisure facilities makes Clayton a highly desirable place to live, as do the superb range of cafés, markets, pubs, bars, restaurants and entertainment facilities
Oliver Bouldoghy has recently purchased a property at Viola Place through the Snugg Living Shared Ownership scheme after being in private rented accommodation. After his landlord sold the property to a new owner, who increased the rent and gave them notice to leave, Oliver and his family had no choice but to look at other options.
Oliver did his research, spoke to a colleague who was already a shared owner with a good experience and attended the First Time Buyers show in Manchester, and decided Shared Ownership was the way forward after meeting the Snugg Living team. The attractiveness of the location of the development, the future plans and the buying process (quick administration, low deposit and swift progression on the property ladder) appealed to Oliver and his family who were soon to be made homeless in the middle of January.
The Snugg Living team made the possibility of becoming a home owner a reality for Oliver through their friendly, helpful advice and empathy towards a very difficult situation. It has changed their lives forever as they are owners of a brand new first home, built to a high quality specification in an area that is close to schools and Oliver’s workplace.
Oliver said; “The feeling of stability and sustainability is priceless and the rent is almost four times cheaper compared to the previous property.”
Shared ownership has not only given Oliver and his family a quality first home; it has also provided them with future possibilities as well as decreased their cost of living. Shared Ownership and Viola Place have been the perfect solution for Oliver and his family and in a location that suits their needs.
All of the properties at Viola Place have now sold, however Snugg Living have more available properties listed within our property search.