Pendlebrook, Peel Park Avenue, Clitheroe, Lancashire. BB7 1ET

Pendlebrook, Peel Park Avenue, Clitheroe, Lancashire. BB7 1ET

£70,800
  • Ref: athresale_PRA10138
  • Type: Bungalow
  • Availability: For Sale
  • Bedrooms: 1
  • Bathrooms: 1
  • Reception Rooms: 1

Property Features

  • Over 55s Bungalows
  • Turf ed Garden and Off-Road Parking
  • You Can Purchase Outright in Future
  • Contemporary Fitted Kitchens
  • Excellent Transport Links
  • Available on Shared Ownership from 40%
  • Double Bedroom
  • Ideal For Downsizers

Property Summary

Welcome to Pendlebrook, a contemporary collection of one, two and three bedroom bungalows located in the vibrant town of Clitheroe. Five homes have been set aside on this site specifically to provide affordable homes to those living in or with a connection to the Ribble Valley.

Full Details

*For more information please contact Christine at our Whalley office on 01254 828810*



Plot 5



Welcome to Pendlebrook, a contemporary collection of one, two and three bedroom bungalows located in the vibrant town of Clitheroe. Five homes have been set aside on this site specifically to provide affordable homes to those living in or with a connection to the Ribble Valley. These homes will be made available through the popular Government backed Shared Ownership scheme; offering part buy, part rent. The product allows you to purchase a property suitable for your needs at a price you can afford.



Shared ownership prices start from £70,800 for a 40% share. Based on this share a rent of £243.38pcm would be payable on the unpurchased equity.







Shared Ownership

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. Progress Housing will own the remaining share, and you pay a reduced rent on that share.



This means that you will need a smaller mortgage/less equity to buy the property. 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.



A service charge of £39.90pcm is payable for maintenance of any common areas and to cover buildings insurance.







Shared Ownership

As a home-owner, 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 manufacturers guarantee giving you peace of mind.



You can apply to buy one of these homes by filling in an online application form on the Help to Buy North West website where the properties are listed. www.helptobuynw.org.uk

Progress Housing will undertake an affordability assessment with you and can provide details of Independent Financial Advisors who can assist with obtaining a mortgage.





Share Prices

Detailed below is an indication of the price of various shares and the rent payable on the unpurchased equity.



Share Price & Rent Calculator - 1 bed bungalow £177,000



50% share price £88,500 and rent of £202.81pcm



60% share price £106,200 and rent of £162.25pcm



75% share price £132,750 and rent of £101.41pcm



General Information

services

All mains services are connected.



tenure

We understand from the owners to be Freehold.



council tax

To be confirmed



other information

Gas central heating installed



viewings

Please contact Christine on 07762323402 to arrange an appointment