Palmerston Road, Preston

3 bedrooms Semi detached property for sale

£84,000 Shared ownership

  • 3 bedrooms
  • 1 bathroom

Key features

  • 2 double bedrooms and a good sized single
  • Contemporary Kitchen with integrated oven, hob and fridge freezer.
  • Good Sized Lounge/Diner
  • Downstairs cloakroom
  • 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

Full description

Tenure
Leasehold

VIEW HOUSE AVAILABLE AT OUR NEARBY LONGRIDGE SITE FROM THE 9TH OF OCTOBER. BY APPOINTMENT ONLY. Solo Homes in conjunction with Progress Housing are delighted to bring to the market 2 x 3 bed semi-detached houses available on a shared ownership basis on the Lawrence Gardens development by Anwyl Homes. Located in Barton the properties have good connections to the motorways and also to country and coast. Get on or stay on the housing ladder with a 5% deposit from as little as £4,200 based on a 40% share. LOCAL CONNECTION TO WYRE BC IS A REQUIREMENT.

Lawrence Gardens offers easy access to the A6, the main road that connects Preston (just over 15 minutes’ drive to the south) to Lancaster (around 30 minutes’ drive to the north). The M55, M6 and wider motorway network can be accessed in minutes via the new Broughton bypass, making the location ideal for commuters and leisure travelers alike. Preston railway station is just six miles from Lawrence Gardens. Barton offers a range of amenities that attract village residents as well as visitors from the wider area. These include the popular Barton Grange Garden Centre. With easy access to open countryside and some of the UK’s most celebrated beauty spots, Barton is also ideal for those who love to stretch their legs or jump in the car and explore. The local villages of Broughton and Bilsborrow are both just a couple of miles away, with a choice of general stores, cafes, pubs and restaurants.


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% 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 £30.65pcm 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 manufacturer’s 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. 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 semi-detached  house prices from £210,000

40% share price £84,000 and rent of £288.75pcm
50% share price £105,000 and rent of £240.63pcm
60% share price £126,000 and rent of £192.50pcm

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