3 bedroom mid terrace property for sale

Williams Lane, Fulwood, Preston

Shared ownership£78,000

Bedrooms
3 bedrooms
Bathrooms
2 bathrooms
 

Description

Key features

Full description

Tenure
Leasehold

Solo Homes in conjunction with Progress Housing aredelighted to bring to the market 2 x 3 bed mews houses available on a shared ownership basis on the fabulous Bluebell Meadows development by Anwyl Homes in Fulwood. Get on or stay on the housing ladder with a 5% deposit from as little as £3,900 based on a 40% share. Bluebell Meadows is an exclusive development situated in the sought-after district of Fulwood, which lies to the north east of central Preston. Each of the development’s homes benefits from 90 years of Anwyl homebuilding experience.The development is well served by local amenities, with good neighbourhood shopping and eateries just minutes away. There is an excellent selection of shops, including Booths, in the centre of Fulwood, and all the choice of Preston city centre close at hand.Travel to and from Bluebell Meadows is easy, with the M6 and M55 both running close by. Public transport links are also good, with regular buses from nearby Pittman Way travelling to Deepdale, Fulwood and the city centre. 

-  2 double bedrooms and a good sized single
-  Contemporary Kitchen with integrated oven, hob and fridge freezer. 
-  Large lounge/diner
-  Downstairs cloakroom
-  Floor coverings to Kitchen, bathroom and cloaks
-  2 car parking spaces
-  Secure with a refundable deposit of £350
-  Shares available from 40% to 75% dependent on affordability
-  Full ownership available in the future

Shared Ownership Explanation Shared Ownership - How It Works And How You Start TheApplication Process.

Shared Ownership allows you to buy a share in a new home, ranging from 40% to 75%, depending on what you can afford. Progress Housing will own the remaining
share, and you pay a reduced rent on that share.

This means that you will need a smaller deposit and mortgage than if you bought a property outright. Generally you are able to buy a bigger property than you may otherwise be able to afford

You can buy more shares as and when you can afford them -this is called Staircasing - and as you buy more shares, you will pay less rent. You can eventually own 100% of the property if you want to, at which point you will pay no rent at all Your monthly payments could be less than renting privately.   

A service charge of £16pcm (to be confirmed) is payable for maintenance of any common areas and to cover buildings insurance.   

As a home owner, you will be responsible for the maintenance and repairs on your home. However as it is a new build your property comes with a 10 year NHBC
guarantee and many of the appliances will have a 2 year manufacturers guarantee giving you peace of mind.

You can apply to buy one of these homes by filling in an online application form on the Help to Buy North West website where the properties are listed.  www.helptobuyagent1.org.uk/

Progress Housing will undertake an affordability assessment with you and can provide details of Independent Financial Advisors who can assist with obtaining
a mortgage.

Detailed below is an indication of the price of various shares and the rent payable on the unpurchased equity.

Price & Rent Calculator – 3 bed house pricesfrom £195,000

40% share price £78,000 and rent of £268.13pcm
50% share price £97,500 and rent of £223.44pcm
60% share price £117,000 and rent of £178.75pcm

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