£75,000
2 bed flat for saleThe Sidings, Preston PR3
2 beds
1 bath
1 reception
EPC Rating: B
About this property
50% Share £75,000
Full Ownership £150,000
Low Deposit from Just £3,750 (5%) subject to lending criteria
Affordable Monthly Costs – Approx. £225 per month rent and service charges (before mortgage payments).
Allocated Parking
Two Well-Proportioned Bedrooms
Bright Open-Plan Living Area
Private Outside Space
Available on a 50% shared ownership basis, the full market value is £150,000, meaning you can secure your share for just £75,000 - with a deposit as low as £3,750, subject to status. Even better, the monthly cost is approximately £225 per month before mortgage payments, making this a genuinely affordable and accessible starter home.
Inside, the apartment offers bright and well-balanced accommodation. The open-plan living and dining area provides a comfortable space to relax or entertain, complemented by a modern fitted kitchen with ample storage and preparation space.
There are two well-proportioned bedrooms, offering flexibility for guests, working from home, or a growing family. A contemporary bathroom completes the accommodation, finished in a clean, neutral style ready to make your own.
What truly enhances this home is the private outside space - perfect for a small garden set, potted plants or simply enjoying some fresh air - along with the invaluable benefit of allocated parking.
Shared Ownership – A Simple Guide to Eligibility
This home is available on a 50% shared ownership basis, a fantastic scheme designed to help buyers take their first step onto the property ladder.
To qualify, you’ll need to meet some standard criteria set by the housing association. In general, shared ownership is aimed at people who:
Are aged 18 or over
Do not currently own a home (or have agreed a sale on their existing property)
Have a household income within the scheme limits
Are unable to purchase a suitable property on the open market outright
Before arranging a viewing, we kindly ask all interested buyers to complete a short affordability assessment. This isn’t anything to worry about - it’s simply there to make sure the home is financially comfortable and sustainable for you, taking into account income, deposit, mortgage borrowing and monthly commitments.
The process is straightforward, and we’re very happy to guide you through each step. Our aim is to ensure that if you fall in love with the property, you’re in a strong position to move forward with confidence.
If you’d like to check your eligibility or discuss how it works, just get in touch - we’re here to help.
Situated in a convenient location within Preston, The Sidings offers access to local amenities, schools and transport links, while still enjoying a quieter residential setting.
This is an ideal purchase for first-time buyers looking for an affordable, low-maintenance home with outdoor space and parking.
Early viewing is highly recommended
Mortgage calculator
£375 per month
70+ lenders and 10,000+ products
The monthly repayments provided are estimates and should be used as a guide only. The actual amount you can borrow will depend on your personal financial situation and subject to a full application. For a more precise estimate, please use the Mojo mortgage calculator. Your home or property may be repossessed if you do not keep up repayments on your mortgage.
More information
Tenure
Leasehold (121 years)
Service charge
Council tax band
B
Ground rent
Ground rent date of next review
Shared ownership percentage owned
50%
Shared ownership rent
£193 per month



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