Bartle Meadows, Cottam - Yew House, Sidgreaves Lane, Preston

Downy Close , Sidgreaves Lane, Cottam , Preston , PR4 0PZ

Bartle Meadows, Cottam - Yew House, Sidgreaves Lane, Preston

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Available Now

Shared Ownership Scheme

This home is sold through the Shared Ownership Scheme*. The advertised price of £36,250 represents a 25% equity share.

Buyer decides share amount based on affordability, can be any amount from 25% to 75%.

Break down of examples of some of the share amounts available, rent and other costs in addition to your mortgage payment based on full market value of £145,000:

  • 25% share (£36,250) Rent £249.22 pm
  • 50% share (£72,500) Rent £166.15pm
  • 75% share (£108,750) Rent £83.07 pm

A service charge of £40pm

You will need a minimum 5% deposit for mortgage purposes and funds to pay for solicitor fees, moving costs & furnishings.

*Shared ownership provides an affordable way for you to become a home owner, by buying a share in a new home and paying a subsidised rent on the remaining share. You will then have opportunity to purchase further shares in your home in the future up to 100%, which we call "staircasing", as further shares are purchased the rent reduces accordingly.

Specification

This 2 bedroom house on the Bartle Meadows development in Cottam includes the following key features:

  • Solar Panels
  • Lounge
  • Kitchen / Diner
  • Two Bedrooms
  • Bathroom
  • Off Road Allocated Parking
  • Enclosed Garden

Shared Ownership

Buy a share in the home, such as 50%, or 75%, & pay a reduced rent on the remaining share. Buy more shares as and when you can afford them. Visit the Shared Ownership section for more information.

25% Ownership Pricing

Full Property Price Price For Percentage Share Monthly Rent For Share
£145,000.00 £36,250.00 £249.22

40% Ownership Pricing

Full Property Price Price For Percentage Share Monthly Rent For Share
£145,000.00 £58,000.00 £199.38

50% Ownership Pricing

Full Property Price Price For Percentage Share Monthly Rent For Share
£145,000.00 £72,500.00 £166.15

75% Ownership Pricing

Full Property Price Price For Percentage Share Monthly Rent For Share
£145,000.00 £108,750.00 £83.07