This property is available to buy from as little as £50,000 for a 25% share!
If you’re dreaming of trading in the rat race for rolling green hills and meadows filled with wildflowers, buying a Hollins Green property could be the rural retreat you’ve been searching for.
In the village of Forton, there are beautiful scenic walks right outside your front door, you can reach Scorton Lake on foot and follow one of the many walking trails or find an idyllic picnic stop for lunch.
A short 10 minutes away, neighbouring Garstang sits on the Lancaster Canal giving walkers, not only a chance to connect with nature, but it’s a popular spot for fishing and canoeing.
Lancaster, around a 15-minute drive away, is a vibrant and captivating city offering a range of sporting activities from tennis and hockey to an abundance of top-rated restaurants and high street shops.
Pricing & affordability
Full Market Value: £200,000
25% Share Price: £50,000 (rent £343.75pcm)
40% Share Price: £80,000 (rent £275pcm)
50% Share Price: £100,000 (rent £229.17pcm)
75% Share Price: £150,000 (rent £114.58pcm)
Minimum 5% Mortgage Deposit (25% share): £2,500
Approximate Service Charges: £tbc
The Shared Ownership scheme is a Part Buy, Part Rent way of owning your own home for a smaller up front payment. With Shared Ownership, you buy a share of your home using a mortgage from a bank or building society and pay a subsidised rent on the share you did not purchase. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright.
To be eligible for shared ownership you would need to meet the following criteria:
• Your household income does not exceed £80,000 (outside of London) and £90,000 (inside of London)
• You have a deposit of at least 5% of the share value
• You do not own another property or have your name on the deeds or a mortgage for a property worldwide.
• This will be your only residence.
• You are a permanent UK resident or have indefinite right to remain
*Service charges are approximate. Please speak to a sales advisor for confirmation.
**These photos are for information purposes only and may not represent a true likeness for the units being sold. They are from similar house types and have been digitally furnished to represent how the home could be laid out and the final colours/appearance/specification may differ from the images. We advise applicants to make their own investigations on future development in the area. We would suggest contacting the local authority for more information.