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Bay Willow Court

Shared ownership

Bay Willow Road, Preston, PR4 0PY

For sale
Shared ownership
Photo of Bay Willow Court
Live from space album cover

from

£51,250

with min. deposit

£5,125

25% Share from
£51,250
Full market price
£205,000
Minimum deposit
£5,125
Monthly rent
£365
Monthly service charge
£55.03

3 bedroom semi-detached house

This stunning 3 bedroom semi-attached house in Cottam, Preston, Lancashire is sure to impress. From the moment you step inside, you'll be greeted by a warm and inviting atmosphere that's perfect for both entertaining and relaxing.

The property features a spacious kitchen and dining area, which is perfect for hosting dinner parties or enjoying meals with your family. Whether you're entertaining guests or simply enjoying a quiet night in, you'll love the open and airy feel of this space.

In addition to the kitchen and dining area, this beautiful house features three bedrooms, providing plenty of space for your family. The bedrooms are all …

Features

Back Garden

Front Garden

Off street parking

Bedrooms3
Bathrooms1
Reception rooms1
Furniture statusunfurnished
Floor area85
Number of floors2
Entrance floorGround floor
Tenureleasehold
Lease years122
EER Current84
EER Potential84
EIR Current86
EIR Potential86

from

£51,250

with min. deposit

£5,125

25% Share from
£51,250
Full market price
£205,000
Minimum deposit
£5,125
Monthly rent
£365
Monthly service charge
£55.03
Complete Moves

Complete Moves

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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