Terraced house for sale in Norshaw Crescent, Broughton, Preston PR3

Solo Homes, in partnership with Progress Group are delighted to bring to the market this 3 bedroom home available on a shared ownership basis in the much sought after village of Broughton. Get on to the housing ladder with a 5% deposit from as little as £2,625 (based on a 25% share).

***limited time offer - reserve this beautiful 3 bedroomed home before 11 October and receive £500 cashback on completion***



***Please note - 25% is the minimum % share however buyers are required to purchase the maximum share that is affordable for them***

3 bed mid terrace - available from 25% - £52,500

Broughton Park is situated on Whittingham Lane in Broughton, around 4.5 miles north of Preston. The area benefits from great transports links with easy access to the A6, M6, M61, M65 and M55. Public transport links to Preston are excellent giving access to the West Coast rail service serving London and Glasgow.

2 double bedrooms and a good sized single

Light filled contemporary kitchen diner with integrated oven, hob and fridge freezer and French doors to the rear garden

Enclosed & lawned garden to rear and open aspect to front

Spacious lounge

Downstairs cloakroom

Floor coverings to kitchen, bathroom and cloaks

Driveway parking for two cars

Secure with a refundable deposit of £350

Shares available from 25% to 75% dependent on affordability

Full ownership available in the future

please note - images are of the show home, not of the actual property for sale and are provided for information only. The floor plan for the show home and the property for sale is the same.

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 25% to 75%, depending on what you can afford (please note, buyers are required to purchase the maximum % share that is affordable for them). 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 for is approx. £26pcm and is payable for maintenance of any common areas and to cover buildings insurance.

As a home owner, 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 un-purchased equity.

Price & Rent Calculator - example for a 3 bed mid terrace house:

25% share price £52,500 and rent of £360.94pcm

40% share price £84,000 and rent of £288.75pcm

50% share price £105,000 and rent of £240.63pcm

75% share price £157,500 and rent of £111.06pcm