Crummock Place, Preston

Full description

Solo Homes in partnership with Progress Housing are pleased to offer this 2-bedroom mid terrace property situated in a semi-rural location on the Anwyl Homes Mill Green development off Lytham Road in Warton.  The development benefits from easy access to the Fylde coastline, as well as to the characterful, traditional coastal village of Lytham with its variety of shops, pubs, restaurants and other amenities. There are also several well-regarded primary and secondary school in the local area.

Rail and road links are good with Lytham station only ten minutes away offering links to Preston which provides onward services nationwide including to Manchester, Liverpool, London and Glasgow. The A584 provides links to both Preston and Lytham, and the M55 and M6 make Manchester and Liverpool commutable in around one hour.

Say goodbye to renting with a 5% deposit from as little as £4,000 based on a 40% share of this 2 bed mid terrace house.

Plots 70 (reserved) and 73 (available) 

The Coxley - 2 bed mid terrace - current full market value £200,000, available from 40% (£80,000)

- 2 double bedrooms and a family bathroom

- Contemporary kitchen with integrated oven, hob and fridge freezer

- Spacious lounge/diner with French doors to rear garden

- Downstairs cloakroom

- Floor coverings to kitchen, bathroom and cloaks

- 2 car parking spaces

- Turfed and fenced rear garden

- 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 25% 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.

The current service charge is approx. £33pcm and 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 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 - 2 bed mid terrace house (plot 73) with an open market value of £200,000:

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

45% share price £90,000 and rent of £252.08pcm

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

60% share price £120,000 and rent of £183.33pcm

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



*Photographs are of a show home of this house type on another Anwyl Homes development and are for illustrative purposes only.

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