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, 2 bed homes


Crompton Close, Preston, Wyre, PR3 1ZR

Shared ownership

Starting prices

40% share from
£55,000
Full price
£137,500
Minimum deposit
£2,750
Monthly rent
£189
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. 

Ground Floor 

Entrance Hall 
Storage cupboard. Central heating radiator.

Lounge Diner 
4.67m x 3.89m
Two central heating radiator. Two UPVC double glazed windows to rear aspect. UPVC double glazed patio doors leading out to rear garden.

Kitchen 
2.62m x 1.9m
Fitted with a range of wall, base and drawer units with complimentary work surfaces. Integrated oven, hob and extractor fan over. Space for various white goods. Stainless steel sink with mixer tap over. UPVC double glazed window to front aspect.

WC 
Low-level Wc. hand basin. Central heating radiator.
 

First Floor 

Landing 
Loft access.

Bedroom 1 
3.89m x 2.82m
Central heating radiator. Two UPVC double glazed windows to front aspect.

Bedroom 2 
3.89m x 2.54m
Storage cupboard. Central heating radiator. UPVC double glazed window to rear aspect.

Bathroom 
Low-level Wc. Hand basin. Panelled bath with shower over. Central heating radiator.

External 
Externally the property provides off street parking.


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 41
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: £34,375 for a 25% share
Full price from: £137,500
Minimum deposit from: £2,750
Monthly rent from: £236
Bedrooms: 2
Bathrooms: 1

There is only one available priced at £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

40% share from
£55,000
Full price
£137,500
Minimum deposit
£2,750
Monthly rent
£189
Monthly service charge
£51