by Auxesia Homes
3 bedroom houses
From £107,500 for a 50% share
(From £215,000 Full Market Value)
Preston, Lancashire, PR2
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In collaboration with Bellway Homes, Auxesia Homes is pleased to offer further properties for shared ownership sale at Cotton Woods development in Ingol Preston. We are expecting completion to be late summer 2024.
The extremally popular “Tanner” is a 1000+ sqft property and is angled on the corner giving a unique layout. The home features a separate living room with patio doors giving access to private rear garden, large kitchen with modern integrated appliances, WC, two double bedrooms, master with ensuite shower room, a single bedroom, and a family bathroom.
Cotton Woods is well situated to take advantage of the area’s excellent transport links with both local road links and extensive rail services nearby.
The A6 is just over two miles away via the B6241 and runs from Carlisle in the North to Luton in the South, passing Manchester city centre en route. The M55 joins the M6 in less than 10 minutes from the development, allowing northward travel past Lancaster and Carlisle, or southward towards Manchester, Liverpool and Birmingham. The M65 and M61 can both be reached in under 20 minutes via the M6, with the M61 allowing travel past Bolton and Chorley.
The advertised price of £107,500 represents a 50% share of the property. Rent would therefore be payable on the outstanding 50% share, set at 2.75% per annum. Based on a 50% share, rent would equate to an additional £246.35 per month on top of any required mortgage. The advertised price of £107,500 represents a 50% share of the property.
You may purchase up to 75% of the total property price upfront.
Local connection tests also apply meaning you must have a strong connection to the area, being your current residence, immediate family, or work.
**Computer generated images (CGI’s) and photography are intended for illustrative purposes only and should be treated as general guidance only**
The following table shows examples of the share price range of this development at various share points
| Share | Price from |
|---|---|
| 50% share | £107,500 |
| 55% share | £118,250 |
| 60% share | £129,000 |
| 65% share | £139,750 |
| 70% share | £150,500 |
| 75% share | £161,250 |
Are we missing any purchase information? Contact the developer
Please note: Computer generated images are for illustrative purposes only. Images may include optional upgrades at additional cost. Its purpose is to give a feel for the development, not an accurate description of each property. External materials, finishes, landscaping and the position of garages (where provided), may vary throughout the development. Properties may also be built handed (mirror image). Please ask for further details.
