Shared ownership is another way to buy your own home. You buy a percentage, and pay rent on the rest. The housing association owns part of it — but you’re living there, you decorate it, and you decide when to sell.

Buying a percentage means a smaller deposit and smaller mortgage. It’s a sooner first step on the ladder for lots of people. Usually, you can also carry on buying shares, to own it 100%.

Read more about Shared ownership (Opens in new window)

The Links, 1-2 bed homes


Crompton Close, Preston, Wyre, PR3 1ZR

Shared ownership

Starting prices

25% share from
£20,625
Full price
£82,500
Minimum deposit
£1,031
Monthly rent
£142
Monthly service charge
£51

Overview

Welcome to The Links in Garstang, a brand new development which offers 1 bedroom apartments and 2 bedroom houses. 

Set on the banks on the River Wyre with the Forest of Bowland on your doorstep, you couldn't ask for a better place to call home. You’ll also be near to local shops and a good choice of schools, making it ideal for both first time buyers and growing families.

Prices on this development start from 25% equity share. 

You will need a minimum 5% deposit (of the share value) for mortgage purposes, plus monies to pay for solicitor fees, moving costs & furnishings. 

SPECIAL OFFER:

Reserve today and Sage will pay £500 towards your legal fees*.

*Terms and conditions apply. Shared Ownership is subject to eligibility requirements.’


Local area information

Garstang is an old market town and civil parish within the Wyre borough of Lancashire. It is 10 miles north of the city of Preston and the same distance south of Lancaster. This small market town is a true mixture of old and new. Its historic buildings and medieval passageways are set amongst contemporary, independent shops, restaurants and cafes. The market town has plenty to offer with various shops and supermarkets including; Booths, Sainsbury's and Aldi.


Plot availability

Plot number 6 Parkinson Place
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 25%
Minimum share price £20,625
Full market price £82,500
Monthly rent £142
Monthly service charge £87
Ownership Leasehold

Full Market Value - £82,500:

25% share (£20,625) Rent £141.79 pcm
50% share (£41,250) Rent £94.53 pcm
75% share (£61,875) Rent £47.26 pcm

Communal Entrance 
External double glazed doors to the front and rear, meter cupboards, and staircase to the first floor apartments. 

Entrance Hall 
External double glazed doors to the front and rear, meter cupboards, and staircase to the first and second floor apartments. 

Lounge 
12'3" x 12'10" 
Juliet balcony with double glazed French Patio doors to the rear, double glazed window to the side aspect, radiator, TV, Telephone, Cable points, and open plan to the kitchen. 

Kitchen 
12'10" x 9'2" 
Fitted with a range of contemporary wall and base units, complimentary work surfaces incorporating a stainless steel sink and drainer with mixer tap and splash backs. Electric oven, gas hob with stainless steel splash back and extractor hood over, space for a washer, and fridge freezer, wall mounted boiler concealed behind unit, radiator, and Georgian bar style window to the front aspect. 

Bedroom 
11'11" x 8'9" 
Georgian bar style double glazed window to the rear aspect, and radiator. 

Bathroom 
Three piece bathroom suite comprising bath with mixer tap and mins shower over, glass screen splash back, pedestal wash hand basin with mixer tap, dual flush low level W.C., part elevated tiled walls, extractor, radiator, and double glazed window to the front aspect. 

Communal Gardens 
Landscaped communal gardens mainly laid to lawn with planted borders. 

Allocated Parking 
Off road allocated parking space, and additional visitor parking. 

Plot number 2 Crompton Place
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 25%
Minimum share price £34,375
Full market price £137,500
Monthly rent £236
Monthly service charge £51
Ownership Leasehold

Full Market Value - £137,500:

25% share (£34,375) Rent £236.33 pcm
50% share (£68,750) Rent £157.55 pcm
75% share (£103,125) Rent £78.77 pcm

Entrance Hall 
External double glazed composite door to the front aspect, radiator, and cupboard housing the boiler. 

Lounge/Dining Room 
12'11" x 15'3"
Double glazed windows, and French Patio doors to the rear garden, double glazed window to the side aspect, two radiators, TV/Telephone/Cable points, and staircase to the first floor. 

Kitchen 
6'3" x 8'8"
Fitted with a range of contemporary wall and base units, complimentary work surfaces incorporating a stainless steel sink and drainer with mixer tap, and splash backs. Electric oven, gas hob, stainless steel splash back and extractor hood over. Space for a washer, space for a fridge freezer, and double glazed window to the front aspect. 

W.C. 
Dual flush low level W.C., pedestal wash hand basin with mixer tap and tiled splash back, radiator, and extractor. 

First Floor Landing 
Spindle balustrade, and loft access. 

Bedroom One 
9'3" x 12'11"
Two double glazed windows to the front aspect, radiator, and thermostat control. 

Bedroom Two 
8'4" x 12'11"
Double glazed window to the rear aspect, radiator, and over stairs storage cupboard. 

Bathroom 
Three piece suite comprising bath with mixer tap, and mains shower over, glass screen splash back, pedestal wash hand basin with mixer tap, dual flush low level W.C., part elevated tiled walls, radiator, extractor and double glazed window to the side aspect. 

Rear Garden 
Fence enclosed garden, paved patio area, and gated access. 

Allocated Parking 
Allocated off road parking, and visitors space. 


FAQ's

Min share price from: £20,625 for a 25% share
Full price from: £82,500
Minimum deposit from: £1,031
Monthly rent from: £142
Bedrooms: 1
Bathrooms: 1

There are 2 available ranging from £20,625 for a 25% share to £34,375 for a 25% share.

It’s the same as buying on the open-market but you’re buying a share of a property, so therefore pay a mortgage on the part you own.

An independent mortgage advisor can help suggest which type of mortgage might be best for you, based on your situation.

Leasehold, which is essentially the contract for the share you've bought.

It means you've got the right to keep your home for a certain number of years (usually at least 125), but the land belongs to someone else. Your lease also sets out how much you need to pay each month, your responsibilities while living there and all the details of your agreement with the housing association. Make sure you go through it and ask lots of questions.

Your solicitor can help you with this.

It all depends on your lease (your contract with the housing association) so check it thoroughly and ask questions before you buy.

Housing Provider

Sage Housing
Shared ownership

Starting prices

25% share from
£20,625
Full price
£82,500
Minimum deposit
£1,031
Monthly rent
£142
Monthly service charge
£51