Just a few yards from the A6, is Westfield Road Claughton on Brock Catterall, a development by Breck Homes in partnership with Progress Housing. This development will feature 23 two and three bedroom family homes available to purchase on a shared ownership basis. The development set in the rural village of Catterall, just north of Preston enjoys rural surroundings just two miles from the historic market town of Garstang yet less than fifteen minutes from Preston city centre. Catterall nestles between the A6, Preston to Lancaster New Road, and the B6430, Garstang Road and offers a real a sense of community with its own post office and shops. Local residents enjoy the quality of life that this village offers. It strikes a perfect balance of nestling in the countryside with relatively easy access to the M55 and the M6 motorways and the West Coast mainline rail network at Preston. The market town of Garstang just 2 miles from the development presents a wide range of shops and amenities. Sainsbury and Aldi supermarkets contrast with a traditional high street where local butchers, bakers, newsagents, stationers, and specialist shops, many of them in the delightful Market House, are interspersed with high street names. Garstang’s amenities also include a small swimming pool, library, post office and two GP practices which share the Medical Centre with a convenient pharmacy. The area benefits from good primary and secondary schools within a mile of the site.
The Aspect – 3 Bed Semi-Detached home
The Aspect is a beautifully designed, 3 bedroom family home. The downstairs offers a dining kitchen with good sized lounge and useful downstairs cloaks. The kitchen has a range of contemporary fitted cabinets with some integrated appliances. The lounge has a set of French windows which overlook and open onto the garden, creating a light and spacious environment. The upstairs of the property, features a large master bedroom and two generous singles perfect for children and teenagers and a family bathroom. this property offers the perfect space for young couples and families alike.
Shared Ownership - How It Works And How You Start The Application Process.
Shared Ownership allows you to buy a share in a new home, ranging from 40% to75%, 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 £20pcm (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 anew 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. 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 – The Aspect semi £190,000
40% share price £76,000 and rent of £261.25pcm
50% share price £95,000 and rent of £217.71pcm
60% share price £114,000 and rent of £174.17pcm
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