Marchioness Drive, Euxton

Full description

Solo Homes in conjunction with Progress Housing are delighted to bring to the market a selection of 3 bed terraced homes available on a shared ownership basis on the fantastic Jubilee Gardens development by Rowland Homes in Euxton.  Get on or stay on the housing ladder with a 5% deposit from as little as £4600 based on a 40% share of plot 130, a 3-bed mid terrace house.

Ideally located for town, country and a wide range of local amenities, Jubilee Gardens offers several plots available on a shared ownership basis, all benefiting from solar panels and offering the perfect layout for everyone in a beautiful surrounding.

The M6 and M61 are easily accessible and only a short drive away making commuting straight forward.  There is a modern station at Buckshaw Parkway which offers regular services to Manchester while mainline services to London and Birmingham are available from Preston.

The village benefits from three primary schools with an excellent choice of secondary schools in nearby Chorley and Leyland - whilst both Preston and Lancaster each have excellent Further Education colleges and universities.

Local area connection criteria apply for shared ownership eligibility on this development.

Please contact us for further information - salesenquiry@progressgroup.org.uk

Plot 130 - The Gladstone - 3 bed mid terrace, full market value £230,000, 913sqft approx. 40% minimum share £92,000

- 2 double bedrooms and a good sized single

- Stylish family bathroom

- Contemporary kitchen with integrated oven and hob

- Spacious lounge diner with French doors to the rear garden

- Private, turfed garden

- Downstairs cloakroom

- Floor coverings to kitchen, bathroom and cloaks

- Driveway parking for two cars

- Secure with a refundable deposit of £350

- Shares available from 40% to 75% dependent on affordability

- Full ownership available in the future

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 (*please note, buyers are required to purchase the maximum % share that is affordable for them).  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.

The current service charge is approx. £33.00pcm and 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.

Progress Housing will undertake an initial 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 - for plot 130, a 3 bed mid terrace house with an open market value of £230,000:

40% share price £92,000 and rent of £316.25pcm

50% share price £115,000 and rent of £263.54pcm

75% share price £172,500 and rent of £131.77pcm

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