Meadowfield Drive, Warton

Full description

Solo Homes, in partnership with Progress Housing, are delighted to bring to the market a 3 bed semi-detached house available on a resale shared ownership basis on the fabulous Blackfield Green estate just outside Warton Village.  Get on the housing ladder with a 5% deposit from as little as £4,170 based on a 40% share (*higher % shares are available up to a maximum of 75%.


-  2 double bedrooms with en-suite to master

-  Single bedroom

-  Open plan lounge diner with French doors to rear garden

-  Turfed and fenced rear garden

-  Downstairs cloakroom

-  Double driveway with parking for two cars

-  Open aspect to the front


Within 9 miles of Blackpool and Preston Centres and 10 minutes drive from the M55, Blackfield Green is an excellent base for travel throughout the North West. Wesham Station 3.5 miles away offers frequent services to Preston for onward journeys to Manchester. Preston also provides high speed trains to London and Glasgow on the West Coast line. Warton Village is a ten minute stroll away providing all essential amenities whilst nearby Lytham provides a good range of independent shops and great pubs and restaurants. 


Kitchen

A stylish range of fitted units and extensive work surfaces, spotlight bar, integrated stainless steel oven and hob, chimney hood and splash back to hob.


Bathrooms, cloakroom and en-suite


Contemporary white sanitary ware and chrome fittings with stylish Porcelanosa tiles and vinyl flooring


Exterior

Close boarded fencing, driveway for 2 cars, turfed front and rear gardens

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 of £32.75pcm 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. There is approximately six years remaining on the 10 year NHBC warranty.

Progress Housing will undertake an 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. 


Full current market value - £208,500

40% share = £83,400 with rent at £286.69pcm 

45% share = £93,825 with rent at £262.80pcm

50% share = £104,250 with rent at £238.91pcm

55% share = £114,675 with rent at £215.02pcm

60% share = £125,100 with rent at £191.13pcm

65% share = £135,525 with rent at £167.23pcm

70% share = £145,950 with rent at £143.34pcm

75% share = £156,375 with rent at £119.45pcm

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