3 bed semi-detached house for sale

Jubilee Gardens PR7

Progress Housing are delighted to bring to the market two 3 bed semi-detached homes available on a shared ownership basis, on the fantastic and ever popular Jubilee Gardens development by Rowland Homes in Euxton.

Get on or stay on the housing ladder with a 5% deposit based on a 40% share.

** Please note - a lower % share may be available and will be discussed during the affordability assessment.

Ideally located for town, country and a wide range of local amenities, Jubilee Gardens offers two 3 bedroom semi-detached plots on a shared ownership basis, presenting the perfect layout in a beautiful surrounding.

The M6 and M61 are easily accessible and only a short drive away, making commuting straight forward. There is a rail station only 5 minutes away which offers regular services to Manchester while mainline services to London and Birmingham are available from Preston.

** A local connection to Chorley Borough Council is an eligibility requirement for this development - please contact us for further information**

Shared Ownership - How It Works And How You Start The Application Process

Shared Ownership allows you to buy a share in a new home, ranging from 40%* to 75%, depending on what you can afford (*please note, buyers are required to purchase the optimum % share that is affordable for them). Progress Housing will own the remaining share, and you pay a reduced rent on that share. This means that you will need a smaller deposit and mortgage than if you bought a property outright. Generally, you are able to buy a bigger property than you may otherwise be able to afford.

You can buy more shares as and when you can afford them - this is called staircasing - and as you buy more shares, you will pay less rent. You can eventually own 100% of the property if you want to, at which point you will pay no rent at all. Your monthly payments could be less than renting privately.

The current service charge is approx. £33.00pcm and is payable for maintenance of any common areas and to cover buildings insurance.

As a home owner, and in accordance with the terms of your lease, you will be responsible for the maintenance and repairs on your home. However, as it is a new build your property comes with a 10 year NHBC guarantee and many of the appliances will have a 2 year manufacturer's guarantee giving you peace of mind.

Progress Housing will refer your for an initial affordability assessment and can provide details of Independent Financial Advisors who can assist with obtaining a mortgage. Detailed below is an indication of the price of various shares and the rent payable on the unpurchased equity.

Price & Rent Calculator - 3 bed semi-detached with an open market value of £240,000:

40% share price £96,000 and rent of £330pcm

50% share price £120,000, and rent of £275pcm

60% share price of £144,000, and rent of £220pcm

75% share price of £180,000, and rent of £137.50pcm