£57,500
Hawthorn Close, Elswick, Preston, PR4
- 3 beds
£57,500
- 3 beds
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Buy with a mortgage
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Minimum deposit amount:To get a mortgage for a property you will typically need a minimum of 5% of the property value as a deposit. Our broker will be happy to talk through your options and everything else you need to secure a mortgage
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Mid Terraced House
Shared Ownership
Ready to move in now!!
This highly desirable three-bedroom mid terraced home takes its design inspiration from traditional farmsteads, perfectly in keeping with this idyllic, semi-rural location.
**DISCLAIMER photos are for illustrative purposes. Hob and Oven INCLUDED with space for tall fridge freezer and space for washing machine with plumbing.**
To the ground floor you will find a kitchen diner at the front of the property and a separate family lounge to the rear, with doors providing access to private rear garden.
Head up to the first floor to find the master bedroom, a second double bedroom, a third single bedroom and a family bathroom.
Combining contemporary living spaces perfect for modern family life with the charm and character you would expect in a countryside setting, The Hawthorns truly provides the best of both worlds.
The advertised price of £57,500 represents a 25% share of the property. Rent would therefore be payable on the outstanding 75% share, set at 2.75% per annum. Based on a 25% share, rent would equate to an additional £395.32 per month on top of any required mortgage. You may purchase up to 75% of the total property price upfront.
What is Shared Ownership?
Shared ownership is a government-backed scheme, designed to make stepping onto the property ladder more affordable. Buy between 25% - 75% of a home normally with a mortgage and a reduced deposit, and pay a low-cost rent on the remaining un-purchased share.
Am I eligible to buy a home with shared ownership?
The eligibility criteria for shared ownership is simple; 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. Your annual household income must not exceed £80,000 and you'll need to have savings to cover typical purchasing costs such as solicitors fees and your mortgage deposit.
To find out more please contact Auxesia Homes in-house sales team.
Tenure: Leasehold (125 years)
Service Charge: £250 per year
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