House For Sale £92,000
Solo Homes in conjunction with Progress Housing are delighted to bring to the market this 3bed semi-detached house available on a shared ownership basis on the Pendleton Meadows development by Concert Living in the historic market town of Clitheroe. Get on or stay on the housing ladder with a 5% deposit from as little as £4,600 based on a 40% share of a 3 bed semi-detached house.
Local connection to ribble valley is A requirement.
- 2 double bedrooms and a good sized single
- Contemporary kitchen/diner to the rear with integrated oven and hob, extractor, fridge freezer and dishwasher and patio doors onto the garden
- Spacious lounge
- Downstairs cloakroom
- £1000 contribution to floor coverings on completion
- 2 car parking spaces
- Secure with a refundable deposit of £350
- Shares available from 40% to 75% dependent on affordability
- Full ownership available in the future
Clitheroe has an excellent range of schools and local amenities with great transport links allowing easy access to other towns and villages within the Ribble Valley and surrounding areas.
Shared Ownership Explanation 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 40% 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.
A initial service charge of approximately £46pcm 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.
You can apply to buy one of these homes by filling in an online application form on the Help to Buy North West website.
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 - 3 bed semi-detached house prices from £230,000
40% share price £92,000 and rent of £316.25pcm
50% share price £115,000 and rent of £263.54pcm
75% share price £172,500 and rent of £131.77pcm
Local connection to ribble valley is A requirement.
- 2 double bedrooms and a good sized single
- Contemporary kitchen/diner to the rear with integrated oven and hob, extractor, fridge freezer and dishwasher and patio doors onto the garden
- Spacious lounge
- Downstairs cloakroom
- £1000 contribution to floor coverings on completion
- 2 car parking spaces
- Secure with a refundable deposit of £350
- Shares available from 40% to 75% dependent on affordability
- Full ownership available in the future
Clitheroe has an excellent range of schools and local amenities with great transport links allowing easy access to other towns and villages within the Ribble Valley and surrounding areas.
Shared Ownership Explanation 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 40% 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.
A initial service charge of approximately £46pcm 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.
You can apply to buy one of these homes by filling in an online application form on the Help to Buy North West website.
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 - 3 bed semi-detached house prices from £230,000
40% share price £92,000 and rent of £316.25pcm
50% share price £115,000 and rent of £263.54pcm
75% share price £172,500 and rent of £131.77pcm
