New homes launched for sale at canalside development in RishtonSeptember 30, 2021 | Dan Todd
Award-winning affordable homes provider Onward Living has launched sales at its much-anticipated Spring Gardens development in the former mill town of Rishton, Lancashire.
Sitting on the banks of the Leeds and Liverpool canal, Spring Gardens features 12 new three-bedroom homes for Shared Ownership – perfect for first-time buyers in the area looking to get a foot on the property ladder.
The new development is within walking distance of local shops on Blackburn Road, has a great choice of schools nearby, and is close to Rishton train station. There’s also easy access to public footpaths and green open spaces running alongside the canal.
Simon Pickering, sales manager at Onward Living, said: “We are delighted to be bringing these much-needed affordable homes to Rishton, which are now available to reserve off-plan.
“With its fantastic canalside location, excellent transport links, and access to local amenities and excellent schools, we expect interest in this development to be very high.
“We are also looking forward to opening our show home later this year, when homebuyers will be able to see for themselves the superb specification on offer in these homes.”
Prices for the homes at Spring Gardens start at £70,000 for a 40% share.
Properties released for sale are the three-bedroom, semi-detached Bridgefield house type, which comes in two styles: Type A and Type B.
The Bridgefield (Type A) features a contemporary kitchen at the front and a spacious lounge/diner at the rear, while The Bridgefield (Type B) has a lounge at the front and a kitchen/diner at the rear. Both house types have two double bedrooms and one single bedroom on the first floor, which all share a modern family bathroom.
The homes at Spring Gardens are available for Shared Ownership, which allows you to buy a percentage (between 40% and 75%) of your new home and pay rent on the rest. Onward Living owns part of it – but you’re living there, you decorate it, and you decide when to sell.
Buying a percentage means a smaller deposit and a smaller mortgage. A 5% deposit on a 40% share on this development could be as low as £3,500. It’s a sooner first step on the ladder for lots of people. At this development you can also carry on buying shares, to own it 100%.
The first homes at Spring Gardens are due to be completed early in the new year, while a show home will be available to view later this autumn.