3 bedroom house for sale
Durton Lane, Preston, PR3 5EY
Share percentage 25%, full price £250,000, £6,250 Min Deposit.
Share percentage 25%, full price £250,000, £6,250 Min Deposit.
Monthly Cost: £771
Rent £430,
Service charge £19,
Mortgage £322*
Calculated using a representative rate of 4.80%
Calculate estimated monthly costs
You may be eligible for this property if:
- You have a gross household income of no more than £80,000 per annum.
- You are unable to purchase a suitable home to meet your housing needs on the open market.
- You do not already own a home or you will have sold your current home before you purchase or rent.
Summary
The three-bedroom Merewood Plot 87 is designed with modern family living in mind. Shared Ownership, Quiet Location with Large South-Facing Garden.
Description
Plot 87, the three-bedroom Merewood is designed with modern family living in mind. At the front of the home is a sizeable entry with a storage cupboard leading to the hallway. The open plan contemporary Signature kitchen/dining area is off the hallway with integrated appliances and a generous living area with French doors to the rear landscaped garden, perfect for entertaining. Upstairs is a master bedroom with Porcelanosa tiled en-suite, two further well-proportioned bedrooms, a family bathroom and an additional storage cupboard.
*£75,000 represents a 25% share of the full market value of £250,000.
GROUND FLOOR
Kitchen/Dining 4.85m X 2.86m
Cloakroom/WC 1.96m X 1.00m
Living Room 3.83m X 5.08m
FIRST FLOOR
Master Bedroom 3.83m X 2.72m
En-Suite 1.22m X 2.72m
Bedroom 2 3.55m X 2.72m
Bedroom 3 2.68m X 2.28m
Bathroom 1.91m X 2.28m
Council Tax Bands will be confirmed upon completion of the property. To view the council tax bands in Preston refer to Preston City Council's website or ask your sales advisor for more information.
Images used solely for illustrative purposes only and may differ from the actual house type or plot. Please speak to our Sales Advisor for more information.
Key Features
- Open plan kitchen/diner complete with integrated appliances such as dishwasher and fridge freezer
- Wide entrance hall complete with downstairs WC
- Large south-facing rear garden
- EV charging point included
- Family bathroom with contemporary white sanitaryware
- Ideal home for first time buyers wanting to get on the property ladder
- Fantastic commuter links right on your doorstep
- Quiet location
Particulars
Tenure: Leasehold
Lease Length: 999 years
Council Tax Band: New build - Council tax band to be determined
Property Downloads
Floor Plan BrochureMap
The ‘estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together: rent, service charge and mortgage.
- Rent: This is charged on the share you do not own and is usually payable to a housing association (rent is not generally payable on shared equity schemes).
- Service Charge: Covers maintenance and repairs for communal areas within your development.
- Mortgage: Share to Buy use a database of mortgage rates to work out the rate likely to be available for the deposit amount shown, and then generate an estimated monthly plan on a 25 year capital repayment basis.
NB: This mortgage estimate is not confirmation that you can obtain a mortgage and you will need to satisfy the requirements of the relevant mortgage lender. This is not a guarantee that in practice you would be able to apply for such a rate, nor is this a recommendation that the rate used would be the best product for you.
Share percentage 25%, full price £250,000, £6,250 Min Deposit. Calculated using a representative rate of 4.80%
