3 bedroom house for sale

Available

2 Saw Mill Close, Britannia Mews, BB6 7NP

£78,000 · Shared Ownership New Build

Share percentage 40%, full price £195,000, £7,800 Min Deposit.

Available
3 bedrooms
Floor plan
floor-plan
Floor plan
floor-plan
£78,000 Shared Ownership New Build

Share percentage 40%, full price £195,000, £7,800 Min Deposit.

Monthly Cost: £700
Rent £268, Service charge £30, Mortgage £402*

Calculated using a representative rate of 4.80%

Calculate estimated monthly costs

£
Summary

!Show home now open! Please contact us on salesenquiry@progressgroup.org.uk to arrange a viewing! Solo Homes in partnership with Progress Housing are delighted to offer a selection of three...

Description

Solo Homes in partnership with Progress Housing are delighted to offer a selection of three bedroom semi-detached and terraced homes on the Britannia Mews development by Keepmoat Homes. Nestled in historic Great Harwood, this development is only a 5 to 10 minute walk away from schools, supermarkets and town centre amenities. It's also only a short drive to Blackburn, Preston, Accrington and Manchester. This development features a range of three bedroom family homes available to purchase from 40% on a shared ownership basis.

- 3 bedrooms with en-suite to master and family bathroom

- Contemporary kitchen diner with French doors to the rear garden with some integrated appliances

- Spacious lounge

- Downstairs cloakroom

- Floor coverings to kitchen, bathroom and cloaks

- 2 car parking spaces

- Turfed and fenced rear garden

- Secure with a refundable deposit of £350

- Shares available from 40% to 75% dependent on affordability

- Full ownership available in the future

Get on or stay on the housing ladder with a 5% deposit from as little as £3900 based on a 40% share of one of our beautiful 3 bed semi-detached homes.

Multiple plots available to reserve now:

The Knightsbridge - 3 bed semi-detached - current full market value £195,000 available from 40% (£78,000)

Plot 1 - available (ready now)

Plot 2 - reserved

Plot 12 - reserved

Plot 13 - reserved

Plot 49 - reserved

Plot 50 - available (ready now) there will be an extra charge of £2,250 for carpets and blinds (nearly new)

The Kendal (- 3 bed semi-detached - current full market value £180,000 available from 40% (£72,000)

Plot 6 - reserved

Plot 9 - reserved

Plot 28 - available (ready September - TBC but you can secure this plot now)

Plot 29 -available (ready September - TBC but you can secure this plot now)

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% to 75%, 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.

The current service charge is approx. £30pcm and is payable for maintenance of any common areas and to cover buildings insurance.

As a homeowner, 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 Calculator - 3 bed semi-detached house (plots 1, 2 & 50) with an open market value of £195,000:

40% share price £78,000 and rent of £268.13pcm

45% share price £87,750 and rent of £245.78pcm

50% share price £97,500 and rent of £223.44pcm

60% share price £117,000 and rent of £178.75pcm

75% share price £146,250 and rent of £111.72pcm

Key Features
  • 3 bedrooms with en-suite to master and family bathroom
  • Contemporary kitchen diner with French doors to the rear garden with some integrated appliances
  • Spacious lounge
  • Downstairs cloakroom
  • Floor coverings to kitchen, bathroom and cloaks
  • 2 car parking spaces
  • Turfed and fenced rear garden
  • Secure with a refundable deposit of £350
  • Shares available from 40% to 75% dependent on affordability
  • Full ownership available in the future
Particulars

Tenure: Leasehold
Lease Length: No lease length specified. Please contact provider.
Council Tax Band: Not specified

Property Downloads
Floor Plan
Map
Rishton (1.69 miles) Langho (2.03 miles) Whalley (2.56 miles)
Monthly Cost Calculator

The ‘estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together: rent, service charge and mortgage.

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  • Rent: This is charged on the share you do not own and is usually payable to a housing association (rent is not generally payable on shared equity schemes).
  • Service Charge: Covers maintenance and repairs for communal areas within your development.
  • Mortgage: Share to Buy use a database of mortgage rates to work out the rate likely to be available for the deposit amount shown, and then generate an estimated monthly plan on a 25 year capital repayment basis.

NB: This mortgage estimate is not confirmation that you can obtain a mortgage and you will need to satisfy the requirements of the relevant mortgage lender. This is not a guarantee that in practice you would be able to apply for such a rate, nor is this a recommendation that the rate used would be the best product for you.

£78,000
Shared Ownership New Build
Estimated Monthly Cost:£700
Rent £268
Service Charge £30
Mortgage £402

Share percentage 40%, full price £195,000, £7,800 Min Deposit. Calculated using a representative rate of 4.80%


Disclaimer
The information displayed about this property comprises a property advertisement. Share to Buy ltd makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Share to Buy has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by the sponsoring housing association. Please contact the housing association or estate agent directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007.