Share Price £38,125 (from 25% Min. Share)

Full Value £152,500 | £1,906 Min. Deposit

Scheme: Shared Ownership

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Bartle Meadows - 2 bed house in Preston - Lancashire

place Cottam, Preston, PR4 0PY

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Brand new 2 bedroom end terrace house located in Preston. Reserve today and have 3 months rent holiday! T&C's apply*


Eligibility

To be eligible for shared ownership you would need to meet the following criteria:

• Your household income does not exceed £80,000 (outside of London) and £90,000 (inside of London)
• You have a deposit of at least 5% of the share value
• You do not own another property or have your name on the deeds or a mortgage for a property worldwide.
• This will be your only residence.
• You are a permanent UK resident or have indefinite right to remain.

Please note the minimum share you can purchase can vary depending on your financial situation and you may be asked to purchase a larger share, should your personal circumstances permit.


Description

Everything you want, we’ve got a home for it!

Whether you’re looking to be close to the countryside for that outdoor space you’ve been dreaming of or to be near a town for the hustle and bustle of city life, we have apartments and houses available to suit your needs.

Reserve today and receive all of these unmissable incentives

  • 3 months Rent Holiday*
  • Receive a £1000 Love2shop voucher on completion**.
  • Reserve for £99†
  • Receive £500 towards your legal fees‡.

Click the 'Brochure' button below to see the full T&C’s.

Brand new two bedroom terraced home set on the Morris Homes new build development in the sought after location of Cottam.

These properties comprises a lounge, modern fitted kitchen/diner with Neff integrated appliances, downstairs W.C., first floor landing, two bedrooms and a three piece family bathroom. Externally there are gardens to the front and rear, and off road allocated parking.

Prices on this development start from 25% equity share.

You will need a minimum 5% deposit (of the share value) for mortgage purposes, plus monies to pay for solicitor fees, moving costs & furnishings.

Pricing & Affordability:

The share options below are based on the full market value of £152,500:

25% share £38,125: Rent £192.21 per month
45% share £68,625: Rent £139.79 per month
60% share £91,000: Rent £139.79 per month
75% share £114,375: Rent £87.37 per month

Service Charge Information:
There is a service charge of approximately £46.77 per month.

Shared Ownership
The Shared Ownership scheme is a Part Buy, Part Rent way of owning your own home for a smaller up front payment. With Shared Ownership, you buy a share of your home using a mortgage from a bank or building society and pay a subsidised rent on the share you did not purchase. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright.

At Bartle Meadows, you can buy a minimum 25% share of your home (the maximum you can buy initially is 75%). When you’re ready, you can buy more shares until you staircase to owning 100% of your home.

To be eligible for shared ownership you would need to meet the following criteria:

• Your household income does not exceed £80,000 (outside of London) and £90,000 (inside of London)
• You have a deposit of at least 5% of the share value
• You do not own another property or have your name on the deeds or a mortgage for a property worldwide.
• This will be your only residence.
• You are a permanent UK resident or have indefinite right to remain.

Please note the minimum share you can purchase can vary depending on your financial situation and you may be asked to purchase a larger share, should your personal circumstances permit.

Information About Sage Housing
LSL are selling the homes on Bartle Meadows development on behalf of Sage Housing. Sage Housing is a Registered Provider committed to providing high quality affordable homes across England.

Disclaimer
Service charges are estimated and may subject to change.

These photos are for information purposes only and may not represent a true likeness for the units being sold. They may have been taken from earlier phases or similar developments/house types and digitally furnished to represent how the home could be laid out; the final colours/appearance/specification may differ from the images and are not plot specific.


Key Features

  • Integrated Neff appliances including oven, gas, hob, stainless steel extractor hood and fridge freezer
  • Double glazed windows throughout the property
  • Front and rear garden
  • Allocated parking

Download Documents

Link to the floor plan Property brochure 1

Accessibility

C – Lifetime Homes

Meets the space standards of the Lifetime Homes developed by the Joseph Rowntree Foundation. Designed to meet the space standards of Lifetime Homes. Main features include a level approach/entrance and wider doorways. This category will capture all new general needs housing built to Lifetime Homes standards. Properties achieving this category will not necessarily meet all Lifetime Homes design guidance as the LAHR framework does not assess features other than space and access. Properties may have an internal flight of stairs. If so, these will be wide enough to accommodate future provision of a stair lift subject to technical feasibility.


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Calculate Monthly Cost

Share price
£ 38,125
Min. £38,125
Share percentage
Min. 25%
Your deposit
Min. £1,906
Monthly cost*
£499
Cost breakdown
£262
Rent
£47
Service charge
£190
Mortgage*
Calculated using a representative rate of 3.94%
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Location

Disclaimer

The information displayed about this property comprises a property advertisement. Share to Buy ltd makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Share to Buy has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by the sponsoring housing association. Please contact the housing association or estate agent directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007.

The ‘Estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together:

  • 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 costs for the property as a whole and communal areas
  • Mortgage: Share to Buy ltd are specialist Shared Ownership mortgage brokers and we use a database of daily updated mortgage rates to work out the lowest rate available for the deposit amount shown, and then generate an estimated monthly payment on a 25 year capital repayment basis.


NB: this mortgage estimate is not confirmation that you can obtain a mortgage and you will also need to satisfy the requirements of the relevant mortgage lender. Nor is this a guarantee that in practice you would be able to apply for such a rate, and nor is this a recommendation that the rate used would be the best product for you.