Shared Ownership

This superb modern home is available to buy from as little as £69,000 with a 30% share!

A beautiful three-bedroom end of terrace home with driveway parking and a good size private garden located in the Ribble Valley. The well presented accommodation comprises spacious reception room, kitchen/dining room, downstairs WC, three bedrooms and a modern bathroom.

Clitheroe has a variety of independent shops, boutiques, and larger retail outlets. The town hosts a regular market, which offers local produce, crafts, and other goods. There are also a various cafes, pubs and eateries. Clitheroe Railway Station connects the town to major cities, including Manchester and Blackpool, via the Clitheroe Line. There are also several bus services connecting Clitheroe to surrounding towns and villages.


PRICING & AFFORDABILITY

Full Market Value: £230,000

30% Share Price: £69,000 (rent £472.69 pcm)
Minimum 5% Mortgage Deposit (30% share): £3,450
Approximate Service Charges: £38.76 pcm*
Shared Ownership Lease: approx. 118 years
Council Tax Band: C

ELIGIBILITY

Shared Ownership gives first time buyers and those that do not currently own a home the opportunity to purchase a share in a new build or resales leasehold property. The purchaser pays a mortgage on the share they own and pays rent to a housing association on the remaining share. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright although this is not a guarantee.

To be eligible for shared ownership you would need to meet the following criteria:

• Your annual household income does not exceed £80,000
• You have a deposit of at least 5% of the share value
• You do not own another property or have your name on the deeds or a mortgage for a property worldwide.
• This will be your only residence.
• You are a permanent UK resident or have indefinite right to remain.

*Service charges are estimated and may subject to change. Rent and service charges will be reviewed annually by your housing provider, usually on 1st April each year.

** This home can also be purchased outright (100% of the value) which is £230,000 and a purchaser would not need to meet the eligibility criteria listed above.
Service Charge: 465.12.