House For Sale £135,000
A great shared ownership opportunity at this beautiful three bedroom semi-detached house on a sought after new south Lancaster development!
Location
Long been popular with families and The Paddocks is a sought after new development. The location is perfect for families and professionals as it enjoys great travel links with the M6 Jct 33 being a convenient drive away. The university is also very accessible by both the 'back roads' and the nearby cycle path, plus there is easy access to the city centre from the south side. You don’t have to travel far though as all life’s essentials are close by with the local shops and post office at Bowerham and a nearby Booths supermarket. There are fantastic local schools both primary and secondary and both grammar schools are easily reached. The Paddocks is a self contained development so that means quiet surroundings and no passing traffic.
The Location
Bowerham is a well established residential area of south Lancaster which has long been popular with families and The Paddocks is a sought after new development. The location is perfect for families and professionals as it enjoys great travel links with the M6 Jct 33 being a convenient drive away. The university is also very accessible by both the 'back roads' and the nearby cycle path, plus there is easy access to the city centre from the south side. You don’t have to travel far though as all life’s essentials are close by with the local shops and post office at Bowerham and a nearby Booths supermarket. There are fantastic local schools both primary and secondary and both grammar schools are easily reached. The Paddocks is a self contained development so that means quiet surroundings and no passing traffic.
The Lowther
What a great Shared Ownership opportunity! A beautiful three bedroom semi detached house offering modern and stylish living areas with private parking. The ground floor offers a generous sized lounge leading to a modern fitted open plan kitchen/diner with French doors providing access to the enclosed rear garden and private patio. The first floor enjoys three good sized bedrooms and a luxurious family bathroom.
Estimated Service Charge £320 per annum
Estimated Build Completion: Dec 2022
Images Disclaimer
The images shown are for illustration purposes only and may be of other house types. Whilst every care is taken to ensure accuracy of information contained in this brochure, we cannot take responsibility for any error or misdescription. The information contained herein is for guidance only and does not form part of any contract or warranty. External finishes may vary from those shown and any dimensions given are approximate and sizes may vary from those indicated. Properties may be built handed (mirror image).
Shared Ownership How To Apply
Home Reach, part buy – part rent
Apply now for an affordable new home being sold on a part buy – part rent basis through Home Reach. 75% is the maximum initial share but can be purchased for between 25% to 75% share. Rent payable on the remaining share.
- Plot 25 – Lowther, Three Bed Semi-Detached House - £270,000 (£135,000 50% share of open market)
how to apply:
- You must complete a ‘Shared Ownership’ application form.
- You must complete a ‘Help to Buy (North West) - shared ownership/’affordable Home Ownership’ application form. This can be found on the Help to Buy website: -
- Should there be more eligible applicants than properties available priority will be given to those who have previously registered an interest via our website and who are in a position to proceed.
Eligibility
Eligibility:
- A local connection restriction applies.
- All applicants to apply to Oakmere Homes who will assess your eligibility for a part buy – part rent
- Your income and capital will be subject to a means test.
- Applicants who can afford open market prices need not apply.
How Does Home Reach, part buy – part rent work?
Home Reach allows you to buy an initial share in a new home, ranging from 25% to 75%, depending on what you can afford. Heylo will own the share you do not purchase, this remaining share is subject to rent which is payable monthly to heylo via direct debit.
Ownership Example
Ownership Example*
Buy 50% share of the open market value
>Property Price £200,000 >50% Share Value £100,000 (Mortgage: £95,000 / 5% Deposit £5,000) >50% Rent on remaining share £230.00 per month >Household income required: £26,000
* figures above are based on 2.75% rent and will be subject to a Building Insurance payment, amount to be confirmed. All part buy – part rent properties are sold leasehold, if you staircase to 100% the part buy – part rent lease will fall away and the property will revert back to freehold**.
Management charges of £398.00 pa apply. You must satisfy the eligibility criteria outlined above to qualify. For more details please speak to a Sales Advisor.
Heylo admin fee £250.56/£20.88 pm - Building Insurance between £80-140 pa
Option To Buy More
This scheme allows you to buy a share in a home today with the option to buy more of it in the future so you can eventually ‘staircase’ to 100% ownership.
**Tenure: Freehold will be handed across where possible. Council Tax Band: Rothay Estimated Band B / Lowther Estimated Band
Garden
Enclosed rear garden and patio
Garden
Enclosed rear garden and private patio.
Location
Long been popular with families and The Paddocks is a sought after new development. The location is perfect for families and professionals as it enjoys great travel links with the M6 Jct 33 being a convenient drive away. The university is also very accessible by both the 'back roads' and the nearby cycle path, plus there is easy access to the city centre from the south side. You don’t have to travel far though as all life’s essentials are close by with the local shops and post office at Bowerham and a nearby Booths supermarket. There are fantastic local schools both primary and secondary and both grammar schools are easily reached. The Paddocks is a self contained development so that means quiet surroundings and no passing traffic.
The Location
Bowerham is a well established residential area of south Lancaster which has long been popular with families and The Paddocks is a sought after new development. The location is perfect for families and professionals as it enjoys great travel links with the M6 Jct 33 being a convenient drive away. The university is also very accessible by both the 'back roads' and the nearby cycle path, plus there is easy access to the city centre from the south side. You don’t have to travel far though as all life’s essentials are close by with the local shops and post office at Bowerham and a nearby Booths supermarket. There are fantastic local schools both primary and secondary and both grammar schools are easily reached. The Paddocks is a self contained development so that means quiet surroundings and no passing traffic.
The Lowther
What a great Shared Ownership opportunity! A beautiful three bedroom semi detached house offering modern and stylish living areas with private parking. The ground floor offers a generous sized lounge leading to a modern fitted open plan kitchen/diner with French doors providing access to the enclosed rear garden and private patio. The first floor enjoys three good sized bedrooms and a luxurious family bathroom.
Estimated Service Charge £320 per annum
Estimated Build Completion: Dec 2022
Images Disclaimer
The images shown are for illustration purposes only and may be of other house types. Whilst every care is taken to ensure accuracy of information contained in this brochure, we cannot take responsibility for any error or misdescription. The information contained herein is for guidance only and does not form part of any contract or warranty. External finishes may vary from those shown and any dimensions given are approximate and sizes may vary from those indicated. Properties may be built handed (mirror image).
Shared Ownership How To Apply
Home Reach, part buy – part rent
Apply now for an affordable new home being sold on a part buy – part rent basis through Home Reach. 75% is the maximum initial share but can be purchased for between 25% to 75% share. Rent payable on the remaining share.
- Plot 25 – Lowther, Three Bed Semi-Detached House - £270,000 (£135,000 50% share of open market)
how to apply:
- You must complete a ‘Shared Ownership’ application form.
- You must complete a ‘Help to Buy (North West) - shared ownership/’affordable Home Ownership’ application form. This can be found on the Help to Buy website: -
- Should there be more eligible applicants than properties available priority will be given to those who have previously registered an interest via our website and who are in a position to proceed.
Eligibility
Eligibility:
- A local connection restriction applies.
- All applicants to apply to Oakmere Homes who will assess your eligibility for a part buy – part rent
- Your income and capital will be subject to a means test.
- Applicants who can afford open market prices need not apply.
How Does Home Reach, part buy – part rent work?
Home Reach allows you to buy an initial share in a new home, ranging from 25% to 75%, depending on what you can afford. Heylo will own the share you do not purchase, this remaining share is subject to rent which is payable monthly to heylo via direct debit.
Ownership Example
Ownership Example*
Buy 50% share of the open market value
>Property Price £200,000 >50% Share Value £100,000 (Mortgage: £95,000 / 5% Deposit £5,000) >50% Rent on remaining share £230.00 per month >Household income required: £26,000
* figures above are based on 2.75% rent and will be subject to a Building Insurance payment, amount to be confirmed. All part buy – part rent properties are sold leasehold, if you staircase to 100% the part buy – part rent lease will fall away and the property will revert back to freehold**.
Management charges of £398.00 pa apply. You must satisfy the eligibility criteria outlined above to qualify. For more details please speak to a Sales Advisor.
Heylo admin fee £250.56/£20.88 pm - Building Insurance between £80-140 pa
Option To Buy More
This scheme allows you to buy a share in a home today with the option to buy more of it in the future so you can eventually ‘staircase’ to 100% ownership.
**Tenure: Freehold will be handed across where possible. Council Tax Band: Rothay Estimated Band B / Lowther Estimated Band
Garden
Enclosed rear garden and patio
Garden
Enclosed rear garden and private patio.
