Bungalow in Stunning Hurst Green Development from Just £65,000Published Tuesday, 14 July 2020
An ancient ash tree is at the heart of a stunning Hurst Green development featuring an affordable bungalow for a local person aged over 55.
And the two-bedroom shared ownership bungalow at The Warren could be yours from just £65,000.
Eight out of nine affordable properties at the picturesque development, which is clustered around a village green featuring a majestic 200-year-old ash tree, have already been snapped up.
And just one two-bedroom bungalow specifically for the over-55s is left on a shared ownership basis.
Shared ownership allows you to buy between 25 and 75 per cent of a property, with an affordable rent on the remainder.
This equates to £65,000 for a 25 per cent share of The Warren bungalow, with £447 monthly rent, or £130,000 for a 50 per cent share and £298 rent.
Ribble Valley Borough Council joined forces with top North West developer Hillcrest Homes and affordable housing specialist Heylo Housing to make some of The Warren properties available to local people.
Bridget Hilton, chairman of the council’s health and housing committee, said: “The provision of rural affordable housing is one of the biggest challenges we face and we work closely with our housing partners to address this problem.
“We are delighted that these properties were made available in Hurst Green, where affordable property is particularly scarce, especially at a development of this quality.
“I would encourage interested people aged over 55 with a local connection to shout up now if they are looking for an affordable bungalow at this stunning development.”
House prices in Ribble Valley are way above the national average and over 100 more houses for affordable rent, shared ownership, discount sale, rent-to-buy or specifically for the over-55s will be available throughout the borough over the coming months to people with a local connection.
To register for The Warren bungalow or any affordable property in Ribble Valley, phone the council’s housing team on 01200 425111.