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166E Half Penny Meadows

Shared ownership

29 Pendleton Avenue, Clitheroe, BB7 9DD

For salenew home
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3 bedroom end of terrace house

Brand new 3-bedroom end terraced house in the Half Penny Meadows Development, available through shared ownership in Clitheroe. The price represents purchasing a 45% share of the property

 

About the Development

 

Offering a range of 2 and 3 bedroom homes on the Half Penny Meadows development in Clitheroe, we are delighted to offer a variety of house types to suit all buyer.

The development is located close to the many amenities that Clitheroe has to offer including boutique shops, a weekly market, health centre, many supermarkets and the locally renown Holmes Mill with a recently opened cinema, along with a number of primary and secondary …

Features

Bedrooms3
Bathrooms1
Reception rooms1
Furniture statusunfurnished
Number of floors1
Tenureleasehold

from

£90,000

with min. deposit

£4,500

45% Share from
£90,000
Full market price
£200,000
Minimum deposit
£4,500
Monthly rent
£252
Monthly service charge
£44.41
Sage Housing

Sage Housing

Brochures

FAQs

Shared ownership is a government-backed scheme, designed to make stepping onto the property ladder more affordable. You buy a portion of a home normally with a mortgage and a deposit, and pay a low-cost rent on the rest.

Read more on the Shared Ownership FAQ

Help to Buy is an equity loan scheme to help you buy a new home. If you have a 5% deposit and can cover 75% of the value of the home with a mortgage (or 55% in London), the Government will lend you up to the remaining 20% (40% in London) in the form of an equity loan that carries 0% interest in the first 5 years. This is available on a variety of new-build properties for first time buyers and is subject to the property price, the subsequent price cap in that region and the developer offering the option.

You can read more on the Help to Buy FAQ

The rules for shared ownership are different to a private purchase. In short, as long as you don’t currently own, or won’t own another property when you move in to a new home, you’re likely to qualify. Help to Buy is available to first time buyers only and the property value itself must fall below a price threshold for that specific area which varies in terms of the average house price in the region.

Read more about eligibility in the FAQ

Some properties require you to live or work in the local area in order to be eligible to buy them. By knowing the areas in which you live and work, we can make sure you see everything available to you.

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