5 bedroom house for sale
1 Mosses Farm Road, PR3 2BG
Share percentage 50%, full price £450,000, £11,250 Min Deposit.
Share percentage 50%, full price £450,000, £11,250 Min Deposit.
Monthly Cost: £1,834
Rent £581,
Mortgage £1,253*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
The GLA and Homes England set the eligibility criteria for Shared Ownership, but broadly speaking you must:
- Not own another property in the UK or any other country.
- Have a household income that falls below £90,000 (£80,000 threshold outside the M25). Every property will have a minimum income level too, determined by its’ value, rent and service charge costs. In most cases you will need to meet or exceed the given minimum income.
- Have access to a minimum deposit of 10% of the share being purchased (a minimum deposit of 5% of the share being purchased may be acceptable depending on individual financial status).
- Be in full time permanent employment.
- Be a British, EU or EEA Citizen or have indefinite leave to remain in the UK.
- Have a good credit history.
Summary
5 Bedroom Detached House in Preston now available under Shared Ownership
Description
This David Wilson Homes, 'The Maddoc' is an exceptionally spacious home designed over three floors, this home is in immaculate, show home condition and is a credit to it's current owners. The large dual-aspect lounge provides comfort for everyone offering lots of space for a growing family. This room is flooded with natural light and its lovely bay window is a real feature of this spacious room.
The bright and airy open-plan kitchen really is something special, incorporating another family living space as well as a dining area and a fantastic walk-in glazed bay opening out onto the garden. The kitchen itself has been upgraded with fully integrated appliances and an abundance of cabinets providing ample storage. Thebreakfast bar is another great feature offering more informal dining. Overall this is a great family room as well as being a lovely space for entertaining as it opens out onto the beautiful garden. There is also a practical utility room, which has more cabinet storage and space for your washing machine and tumble dryer. Also on the ground floor is a handy w/c and storage cupboard for coats and shoes.
On the first floor of this wonderful property are three double bedrooms, all of which are light and airy. The generous main bedroom has a good size en suite with shower, pedestal basin and w/c. The stylish part tiled family bathroom is also on the first floor with shower over the bath, pedestal basin and w/c. The second floor accomodates another spacious double bedroom, a shower room and a single bedroom/study. All the rooms are light and airy, and with three showers available in this wonderful property there really would be no arguing in a morning!
The property is set on a generous corner plot, with side and rear gardens that are established and have obviously had a lot of time and effort spent on them, ultimately adding to the great kerb appeal this property has. With driveway parking for 2 cars, and a double garage there's lots of parking available or storage space if needed.This really is a stunning property, perfect for a growing family, situated in a great location for local amenities.
*Information is correct to the best of our knowledge, please speak to the estate agent for more information*
Key Features
- Fabulous Corner Plot with Side & Rear Gardens
- 5 Bedrooms
- 3 Bathrooms
- Stunning Kitchen/Dining Room
- Double Garage
- Immaculate Condition
- Tenure: Leasehold (125 years from 14/12/2018).
- Share Available: 50%(£225,000).
- Shared Ownership Rent: £581.01 per month (subject to annual review).
- Lease Management Fee: £24.76 per month (subject to annual review).
- Buildings Insurance: £198.96 per annum (subject to annual review).
- Council Tax: Band F, Preston City Council.
Particulars
Tenure: Leasehold
Lease Length: 125 years
Council Tax Band: F
Property Downloads
Key Information Document Floor PlanMap
The ‘estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together: rent, service charge and mortgage.
- 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.
Share percentage 50%, full price £450,000, £11,250 Min Deposit. Calculated using a representative rate of 5.03%
