Edward Street Quarter by Legal & General Affordable Homes in Preston

Say Hello to Seaside Living.

A vibrant, new community of contemporary 1 bedroom apartments for Shared Ownership located just two minutes from the beach and only a little further from the world famous Brighton Palace Pier.  

With a blend of apartments and creative businesses side by side, the stunning development has an address that very few developments in Britain could match. Edward Street Quarter is the perfect place to call home as it is set amongst beautiful open spaces and attractive boulevards lined with trendy restaurants and cafes. 

The new, modern apartments allow plenty of natural light, offer neutral décor ready for you to add your own personal touch and are perfectly placed to give you access to the best of Brighton. 

Legal & General Affordable Homes is offering a unique opportunity to purchase a new home here through Shared Ownership. Thanks to this scheme, you can own your own home with a lower deposit than is required to buy outright or with other buying schemes. 

Homes at Edward Street Quarter are ready to move into now.

For more information and to stay informed of updates please register your interest.

• Financial Breakdown:
• Full Market Value: £355,000 - £388,000
• 25% Share Value: £88,750 - £97,00
• 10% deposit of 25%: £8.875 - £9.700
• Rent on unowned share: £610 - £667 per month
• Service Charge: £256 - £288 per month
• Council Tax: TBC*

• Key Features:
• Integrated multi-function oven, induction 4 zone hub with glass splashback & cooker hood
• Integrated Indesit fridge/freezer & dishwasher
• Washer dryer in utility cupboard
• Underfloor heating throughout with individual room control
• Some apartments with private balcony
• Sky Q connection to living room
• Cycle store
• Communal roof terrace & ground level communal gardens

WHAT IS SHARED OWNERSHIP?
Shared Ownership is a more affordable way to have the security and stability of owning your own home. Shared Ownership is a government backed part buy/part rent scheme designed to help you take that first step on the property ladder. The scheme enables buyers to purchase a share of the value of the home - this is usually between 25 to 75 percent of the value of the property - and pay a subsidised rent on the remaining portion. You have the option to buy a bigger share in the property at a later date (known as Staircasing).

ELIGIBILITY CRITERIA

To be eligible for a home at Edward Street Quarter, you'll need to:

• Have a combined household income under £80,000 per annum
• Not already own a property, or part of a property, at the time of completing on your purchase
• Be unable to purchase a suitable home to meet your housing needs on the open market
• Have a minimum of £5,000 to cover the costs of buying a home
• Eligible buyers must also be registered with Help to Buy

If you don't meet the eligibility criteria for this development, you may still qualify for a shared ownership purchase at one of our others, so take a look at our website for more information.

NB: Interior images are CGI representations taken in an actual 2 bedroom apartment at Edward Street Quarter

*Council Tax: TBC
Council tax bands are often not released until the property is complete. If you need any guidance, please get in touch with our Sales Consultants otherwise the local authority or the developer may be able to help.