Bainbridge Road, Longridge

Full description

Solo Homes in conjunction with Progress Housing are delighted to bring to the market four spacious 2-bed mid-terrace homes available on a shared ownership basis, on the Inglewhite Meadow development by Anwyl Homes in Longridge.

Get on or stay on the housing ladder with a 5% deposit from as little as £2375 based on a 25% share of one of these lovely 2 bed mid-mews properties.

Reserve before 31 March 2024 and receive £1,000 cash back following completion

Watch our video showcasing our shared ownership homes at Inglewhite Meadow !


-  2 double bedrooms and family bathroom

-  Contemporary kitchen with integrated oven, hob and fridge freezer

-  Large lounge/diner with French doors to turfed, fenced rear garden

-  Downstairs cloakroom

-  Floor coverings to kitchen, bathroom and cloaks

-  Secure with a refundable deposit of £350

-  Full ownership available in the future

Inglewhite Meadow is situated on the edge of the vibrant Ribble Valley town of Longridge which provides all amenities on your doorstep.  The area also benefits from excellent schools.  Access to the M6 and M55 are within easy reach with a 12 minute pleasant drive through the surrounding countryside.  Public transport links to Preston are excellent giving access to the West Coast rail service serving London and Glasgow.

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 25% 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. 

Please note, buyers are required to purchase the maximum % share that is affordable to them, 25% is the minimum.

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 initial service charge of approx. £27.00pcm is payable for maintenance of any common areas and to cover buildings insurance.

As a homeowner, 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.

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 un-purchased equity.

Price & Rent Calculator - plots 66, 68 and 93 - 2 bed mid-terrace house with an open market value of £190,000

25% share price £47,500 and rent of £326.56pcm

40% share price £76,000 and rent of £261.25pcm

50% share price £95,000 and rent of £217.71pcm

75% share price £142,500 and rent of £108.85pcm

Price & Rent Calculator - plot 67 - 2 bed plus box room mid-terrace house with an open market value of £200,000

25% share price £50,000 and rent of £343.75pcm

40% share price £80,000 and rent of £275.00pcm

50% share price £100,000 and rent of £229.17pcm

75% share price £150,000 and rent of £114.58pcm



 

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