* Leasehold
* 3 bedroom terrace
* Available on Shared Ownership
* Brand New Development
* Driveway For 2 Vehicles
**Solo Homes** in conjunction with **Progress Housing** are delighted to
bring to the market a selection of 3 bed homes available on a shared ownership
basis on the Broughton Park development by Stewart Milne Homes in Broughton.
Get on or stay on the housing ladder with a 5% deposit from as little as £2625
based on a 25% share of a 3 - bed mid terrace house.
*****October offer - reserve one of these beautiful 3bed terraced homes
before 31 October and receive £1000 cashback on completion***
You can check your eligibility for shared ownership here:
**Where do you want to buy a home () **Plots available to reserve now from
25%:
***Please note - 25% is the minimum % share however buyers are required to
purchase the maximum % share that is affordable for them***
**Plot 29 - 3bed mid terrace, full market value £210, 000 (available from 25% -
£52, 500) - reserve this plot by 31 October and receive £1000 cashback upon
completion
Plot 80 - 3bed end terrace, full market value £215, 000 (available from 25% -
£53, 750) - reserve this plot by 31 October and receive £1000 cashback upon
completion
Plots 81 & 82 - 3bed mid terrace, full market value £210, 000 (available from
25% - £52, 500) - reserve one of these plots by 31 October and receive £1000
upon completion
**Broughton Park** is situated on Whittingham Lane in Broughton, around 4. 5
miles north of Preston. The area benefits from great transports links with
easy access to the A6, M6 and M55. Public transport links to Preston are
excellent giving access to the West Coast rail service serving London and
Glasgow.
2 double bedrooms and a good sized single
Contemporary kitchen diner with integrated oven, hob and fridge freezer and
French doors to the rear garden
Private, turfed garden
Spacious lounge
Downstairs cloakroom
Floor coverings to kitchen, bathroom and cloaks
Driveway parking for two cars
Secure with a refundable deposit of £350
Shares available from 25% 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% 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 for 2023 - 24 is approx. £26. 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 Calculato**r - example for a 3 bed mid terrace house with an
open market value of £210, 000:
25% share price £52, 500 and rent of £360. 94pcm
40% share price £84, 000 and rent of £288. 75pcm
50% share price £105, 000 and rent of £240. 63pcm
75% share price £157, 500 and rent of £111. 06pcm
***Interested parties must have a local connection to Preston as an
eligibility requirement for this development. **

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