Bainbridge Road, Longridge

Full description

Plots available:

!!One plot remaining!!  Plot 65 - 2 bed end terrace - full market value £195,000

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



Solo Homes in conjunction with Progress Housing are delighted to bring to the market four spacious 2-bed end-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 £2437.50 based on a 25% share of one of these lovely 2 bed end-mews properties.

-  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

-  2 car parking spaces

-  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 for 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 unpurchased equity.

Price & Rent Calculator - 2 bed end-terrace house with an open market value of £195,000:

25% share price £48,750 and rent of £335.16pcm

40% share price £78,000 and rent of £268.13pcm

50% share price £97,500 and rent of £223.44pcm

75% share price £146,250 and rent of £111.72pcm

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