Bartle Meadows, Cottam - 34 Buckthorn Drive, Preston

Downy Close , Cottam , Preston , PR4 0PZ

Bartle Meadows, Cottam - 34 Buckthorn Drive, Preston

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Available Now

Shared Ownership Scheme

This home is sold through the Shared Ownership Scheme*. The advertised price of £52,500 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 £210,000: 

  • 25% share (£52,500)   Rent £360.94 pm
  • 50% share (105,000)   Rent £240.63 pm 
  • 75% share (£157,500) Rent £120.31 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 3 bedroom house on the Bartle Meadows development in Cottam includes the following key features:

  • Modern Kitchen / Diner With Integrated Appliances
  • Three Bedrooms
  • Down Stairs W.C.
  • Detached Garage & Driveway
  • Private Rear Garden
  • Solar Panels
  • Off Road Parking

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
£210,000.00 £52,500.00 £360.94

40% Ownership Pricing

Full Property Price Price For Percentage Share Monthly Rent For Share
£210,000.00 £84,000.00 £288.75

50% Ownership Pricing

Full Property Price Price For Percentage Share Monthly Rent For Share
£210,000.00 £105,000.00 £240.63

75% Ownership Pricing

Full Property Price Price For Percentage Share Monthly Rent For Share
£210,000.00 £157,500.00 £120.31