Tatton Place, Matinee Road, Gatley, Cheadle, Cheshire, SK8

Presenting this rare opportunity in our Rent to Buy Scheme at Tatton Place, Gatley. This recently built, two bedroom apartment sits nicely above what was the Tatton Cinema in Gatley.

Boasting two double bedrooms, bathroom and open plan living-kitchen-diner, this home will help enable you to save to buy a home for yourself, under the Rent to Buy Scheme. Terms and conditions are outlined below.

This home is nestled in amongst six other apartments, making up the block as a whole. Finished to a high standard, we're sure you're going to enjoy living here.

Gatley is a living and popular destination for homeowners and renters alike.

EPC Rating: C

Council Tax Rating: C (Stockport Council)

Rent to Buy is a Government backed initiative that allows eligible working people to rent a home at less than market rent while they save for a deposit to buy a home

To be eligible you must be in employment.

Reasons you may not be eligible?

Not in employment, require /housing element of Universal Credit

You have legal interest in another property

You earn more than £80,000 annually

You are in a position to buy a home

The property will be overcrowded

The property won't be your main home or you intend to sub-let

You're in rent arrears or breach of your existing tenancy Rent to Buy offers Lower rent, tenants pay 20% less than market rent (including any service charges), making saving easier. A New home or recently built home

Responsible regulated landlord who is regulated by the Government If we decide to sell the property, the Rent to Buy tenant will be given the first option to buy at full market value. Your rent only will rise by inflation +1% a year

When you become a Rent to Buy tenant you sign an Assured Shorthold tenancy agreement. As a Rent to Buy tenant you and the property are excluded from the Right to Buy and Right to Acquire. By signing the tenancy agreement, you are only committing to rent the property in accordance with the tenancy terms. You are not committing to buy the property and we are not committing to sell.

Typically, a tenancy agreement with us under the Rent to Buy will be 6 months. After 6 months, if you pay your rent, meet the terms of your tenancy agreement and want to stay living in the property, it is likely that we will extend your tenancy.

If you don't keep up rent payments then you may lose your home. We will also not sell to you if you are in rent arrears.

Any damage caused to the property or any shared areas, by either your household or your visitors, will be recharged at the time or be taken from your deposit in accordance with the Deposit Protection Scheme conditions. This will also be the case if you purchase.

If you go on to buy the property, then you will be responsible for the repair and maintenance of the property fully as the owner. As an owner of an apartment that benefits from shared areas, you may also be required to contribute to any service charges and contribute to reserve funds. We will provide details of these prior to any purchase.

Rent to Buy homes are strictly for the named tenant(s) and any permitted occupants. Subletting is not permitted.

We can't sell the property in the first five-years after it was built. This is a condition of the funding we've received from the Government.

5-years after the property was built, the Rent to Buy tenant can approach us about purchasing or if we decide to sell, the Rent to Buy tenant will be given the first option to buy.

The price of a Rent to Buy property will be based on the market value at that point in time.

Valuations of properties will expire after 6-months.

To buy you'll need to be able to have saved a sufficient cash deposit and fees for solicitors, along with having access to a sufficient mortgage.

The low rent we charge is intended to provide an opportunity for tenants to save for a deposit.

Stockport Homes do not put aside any of rent that a tenant has been paid to be used towards a deposit for purchasing. The amount you choose to save for a deposit is entirely your decision and responsibility.

There are some situations when the tenant may wish to buy the home they rent, but we may not be able to sell.