RS: 76 Fallow Avenue

76 Fallow Avenue, Cottam , Preston, Lancashire, PR4 0DU

RS: 76 Fallow Avenue

2

1

Available Now

This well-presented, semi-detached property has a front reception room and an attractive kitchen that provides access to an under-stairs cloakroom as well as to the south-facing rear garden. On the first floor of the house is a spacious main bedroom plus a second bedroom/home office and a simple, white-tiled bathroom.

The energy-efficiency rating is very good, thanks to modern insulation standards, gas central heating, high performance glazing and roof-mounted solar panels. The house comes with parking for two cars and the nearby roads allow easy access to the M55/M6 motorways. Preston city centre and railway station can also be reached via bicycle or local bus.

Features:

  • Guideline Minimum Deposit £8,750
  • Guideline Income Dual £17.5k | Single £18.8k
  • Two Storey, Semi Detached House
  • Approx. 600 Sqft Gross Internal Area
  • High Performance Glazing
  • Gas Central Heating + Solar Panels
  • South Facing Rear Garden
  • Parking for Two Cars

Tenure: Leasehold (125 years from 2018).
Minimum Share: 50% (£87,500).
Shared Ownership Rent: £159.12 per month (subject to annual review).
Combined Insurance and Admin Fee: £27.51 per month (subject to annual review).
Service Charge: £45.00 for the year (subject to annual review).
Guideline Minimum Income: Dual £17,500 | Single £18,750 (based on minimum share and 10% deposit).
Council Tax: Band B, Preston City Council. Priority is given to applicants living and/or working in this local authority.

*Information is correct to the best of our knowledge, please speak to the estate agent for more information*

Shared Ownership Resales

When the owner of a Shared Ownership property decides to sell the share they own, this becomes a re-sale. You will only be able to purchase the same or larger share in the home as the existing owner, which can vary between 25% and 75% of the property's market value. Then, just like Shared Ownership, you pay a reduced rent on the remaining share. 

50% Ownership Pricing

Full Property Price Price For Percentage Share Monthly Rent For Share
£175,000.00 £87,500.00 £200.52

Find out more