Hoyles Lane

2 - 3 bedroom homes in Downy Close, Preston, Wyre, PR4 0NB

Tenure Shared ownership
What is Shared Ownership?
Availability Available
Min share price from £58,000 for 40% share
Full price from £145,000
Min deposit from £2,900
Monthly rent from £199
Bedrooms 2-3
Bathrooms 1 - 2
Parking 1

Shared Ownership is a type of affordable home ownership when a purchaser takes out a mortgage on a share of a property and pays rent to a landlord on the remaining share.

For example, someone might buy a 50 per cent share in a property and pay rent to the landlord on the remaining 50 per cent. Purchasers then have the opportunity to ‘staircase’ up their share of the property, gradually increasing the proportion of their home that they own outright and therefore paying less rent on the remaining portion, until they own 100 per cent of their home.

Overview

  • New Development
  • Shared Ownership Scheme
  • Solar Panels
  • Terraced House
  • 2-3 Bedrooms
  • Family Bathroom / Downstairs W.C.
  • Lounge
  • Modern Kitchen/Diner With Integrated Appliances
  • Front And Rear Gardens
  • Off Road Allocated Parking For Two Vehicles

An early viewing is essential not to miss out on this stunning two & three bedroom new homes set on the Bartle Meadows development in the sought after location of Cottam. The properties briefly comprises lounge, modern fitted kitchen/diner with Neff integrated appliances, downstairs W.C., first floor landing, two and three bedrooms and a three piece family bathroom. Externally there are gardens to the front and rear, and off road allocated parking. 

Local area information

The village of Cottam is located on the outskirts of the city of Preston in Lancashire, and is within reach of the resorts of the Fylde coast, including Lytham and Blackpool

Status Plot No. Floor Beds Min share price Eligibility
Available Beech House Sidgraves N/A 2 £58,000 View details
Available Willow House Sidgraves N/A 2 £58,000 View details
Available Yew House Sidgraves N/A 2 £58,000 View details
Available 5 Downy Close N/A 3 £64,000 View details
Available 7 Downy Close N/A 3 £64,000 View details
Available 9 Downy Close N/A 3 £64,000 View details
View More

FAQ's

Min share price from: £58,000 for a 40% share
Full price from: £145,000
Minimum deposit from: £2,900
Monthly rent from: £199
Bedrooms: 2
Bathrooms: 2

There are 6 available ranging from £58,000 for a 40% share to £64,000 for a 40% 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.
Illustration by: James Halsall

Register Interest

Register your interest to be contacted by a housing provider. You will need to provide basic eligibility criteria during the register interest process.

Hoyles Lane

2 - 3 bedroom homes in Downy Close, Preston, Wyre, PR4 0NB

Tenure Shared ownership
What is Shared Ownership?
Availability Available
Min share price from £58,000 for 40% share
Full price from £145,000
Min deposit from £2,900
Monthly rent from £199
Bedrooms 2-3
Bathrooms 1 - 2
Parking 1

Shared Ownership is a type of affordable home ownership when a purchaser takes out a mortgage on a share of a property and pays rent to a landlord on the remaining share.

For example, someone might buy a 50 per cent share in a property and pay rent to the landlord on the remaining 50 per cent. Purchasers then have the opportunity to ‘staircase’ up their share of the property, gradually increasing the proportion of their home that they own outright and therefore paying less rent on the remaining portion, until they own 100 per cent of their home.

Location

Housing Provider

Trusted by

Southern Complete Moves Mayor or London National Housing Federation Moat Homes