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Solway Drive, Walney Island | South Lakes Housing

Solway Drive, Walney Island

South Lakes Housing is offering 22 properties on this development by Leck Construction. 6 will be available through Affordable Rent, 2 through Rent to Buy and 14 will be available for purchase via Shared Ownership. This development is expected to be completed by July 2021. South Lakes Housing has received funding from Homes England for this development.

Shared ownership:

  • 2 x 2 bedroom houses
  • 12 x 3 bedroom houses

    All 14 properties are either semi-detached or link-detached houses, 6 of which will come with an attached garage. This development has been popular and over half have now been reserved.

    Prices start from £175,000 and purchasers will be given the opportunity to specify the amount they wish to purchase under the Shared Ownership scheme, from 25% up to 75%. Rent is then paid at an initial 2% on the remainder.

    Example purchase:

    Full market value: £175,000

    25%: £43,750

    Remaining 75%: £131,250

    Monthly rent paid: £218.75

    LAST SHARED OWNERSHIP TWO PLOTS REMAINING

    If you are interested in the shared ownership opportunities for this development, please contact Poole Townsend or visit the links below:

    https://www.pooletownsend.co.uk/properties/100127026412/plot-56-4-greta-close-walney.aspx

    Rent to Buy

    • 2 x 3 bedroom houses

    Rent to Buy is a government designed scheme that allows working households to rent a home at 20% below the open market rent (Intermediate rent). This can provide you with the opportunity to save for a deposit to go on and purchase your home in the future.

    With Rent to Buy, you can live in a high-quality, new build home at Intermediate Rent (approximately 80% of the open market rent) for a minimum of five years. During that time, you will save towards a deposit and have the option to buy your home.

    Applicant Eligibility

    – you are in a working household and intending to buy your own home in the future at the time of letting;

    – you are a first-time buyer having not previously owned your own home.

    If you are interested in the rent to buy opportunities for this development, please contact development@southlakeshousing.co.uk

    House Types

    Site Layout

    Images

     

    This new development is located on Walney Island, an 11 mile long island linked to the main land by Jubilee bridge, with easy access to Barrow-In-Furness and all the facilities you would expect in a busy town.

    Walney boasts a diverse range of beaches and nature reserves to enjoy and explore. At low tide, the beach to the  North offers wide expanses of sand and joins North Walney Nature Reserve via a series of dunes.

    Earnse Bay on the Western coast, offers views across the Irish Sea to the Isle of Man and the Lake District. This area is a hive of activity, popular for water sports, walking and cycling on the coastal paths, and golf at the nearby Furness Gold Club.

    South Walney Nature Reserve offers views out to the Irish Sea and across Morecambe Bay. This reserve is best known for its Grey Seal colony, the only one on the Cumbrian coast.