3 bedroom house for sale
37 Hollin Hall Drive, Longridge, PR3 3UF
Share percentage 50%, full price £260,000, £6,500 Min Deposit.
Share percentage 50%, full price £260,000, £6,500 Min Deposit.
Monthly Cost: £1,056
Rent £319,
Service charge £13,
Mortgage £724*
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
3 Bedroom Detached House in Longridge, Preston now available under Shared Ownership
Description
We welcome to the market a well presented three bedroom property situated in the busy market town of Longridge being close to all local amenities such as shops, schools and main motorway connections. This lovely family home would be ideal for first time buyers.
The accommodation briefly comprises; an entrance hallway leading into the lounge, kitchen/dining room with under stairs storage and cloakroom. To the first floor there are three bedrooms, ensuite to the primary bedroom and a modern three piece bathroom suite.
Externally to the rear is a private, fence enclosed garden mainly laid to lawn with patio area. A driveway to the side provides off road parking for two vehicles. Early viewing is highly recommended.
*Information is correct to the best of our knowledge, please speak to the estate agent for more information*
Key Features
- Close to Public Transport
- Ensuite to the Primary Bedroom
- Fitted Kitchen
- Shops and Amenities Nearby
- Semi-Rural
- Semi-Detached House
- Three Bedrooms
- Front and Rear Gardens
- Highly Convenient Location
- Great Residential Area
- Tenure: Leasehold (999 years from 25/03/2022).
- Share Available: 50%(£130,000).
- Shared Ownership Rent: £318.98 per month (subject to annual review).
- Lease Management Fee: £24.36 per month (subject to annual review).
- Estate Charge: £13.48 per month (subject to annual review).
- Buildings Insurance: £108.36 per annum (subject to annual review).
- Council Tax: Band C, Ribble Valley Borough Council
Particulars
Tenure: Leasehold
Lease Length: 999 years
Council Tax Band: C
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 £260,000, £6,500 Min Deposit. Calculated using a representative rate of 5.03%
