Bartle Meadows in Preston by Sage Housing
Preston, Lancashire, PR4 0LD
2 & 3 bedroom houses
From £57,800 for a 40% share
About the area
At Bartle Meadows there is a variety of new homes to suit all types of buyer. Locally there's a choice of great bars and restaurants and you'll also be just a few miles from Preston city centre. With lots of green open space on the development and running alongside Lancaster Canal, it is the ideal place to buy your new home.
About the homes
The stunning homes comprises of open-plan kitchen, living/dining area, with integrated Neff appliances including oven, hob, stainless steel extractor hood, fridge and freezer, as well as under unit lighting. Also has Double glazed windows throughout the property.
Pricing and Affordability Example
2 Bedroom House example
Full Market Value - £144,500
• 25% Share £36,125 – Rent £248.36 pcm
• 40% Share £57,800 – Rent £198.69 pcm
• 50% Share £72,250 – Rent £165.57 pcm
• 75% Share £108,375 – Rent £82.79 pcm
3 Bedroom House example
Full Market Value - £ 189,950
• 25% Share £47,488 – Rent £326.48 pcm
• 40% Share £75,980 – Rent £261.18 pcm
• 50% Share £94,975 – Rent £217.65 pcm
• 75% Share £142,463 – Rent £108.83 pcm
Service charges estimated - £40.03 per month
The Shared Ownership scheme is a Part Buy, Part Rent way of owning your own home for a smaller up front payment. With Shared Ownership, you buy a share of your home using a mortgage from a bank or building society and pay a subsidised rent on the share you did not purchase. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright.
At Bartle Meadows, you can buy a minimum 40% share of your home (the maximum you can buy initially is 75%). When you’re ready, you can buy more shares until you staircase to owning 100% of your home.
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Images may not necessarily depict the actual development and in some cases may be a typical example.