Share Price £94,000 (from 40% Min. Share)

Full Value £235,000 | £9,400 Min. Deposit

Scheme: Shared Ownership Resales

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2 bedroom apartment in Milton Keynes - Milton Keynes

place Tyhurst, Middleton, MK10 9RP

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Available through a shared ownership resale scheme, a well-presented top floor, two-bedroom apartment situated in a popular residential area of Middleton, Milton Keynes


Eligibility

You may be eligible for this property if:

  • You have a gross household income of no more than £80,000 per annum.
  • You are unable to purchase a suitable home to meet your housing needs on the open market.
  • You do not already own a home or you will have sold your current home before you purchase or rent.
  • You have an income greater than £ 35000
  • Your deposit amount is greater than £ 9400

Description

The property comprises of; secure communal entry system, , entrance hall, kitchen with in-built oven and hob, light and airy lounge/dining room area, master bedroom, second double bedroom, and a family bathroom with shower over bath. This property also benefits from generous storage space.

Additional information: Allocated parking space and bike storage is available.

Length of Lease: Approx. 118 Years

Gross Internal Area: 69m2

Local Area Information:

• A quiet residential development close to Kingston Shopping Centre with local shops & amenities within walking distance including; supermarket, bank and a coffee shop.

• A 10-minute drive from Milton Keynes Town Centre which offers a wider variety of shops, restaurants, entertainment and other ameni­ties.

• An 8-minute drive to Milton Keynes Central Train Station which offers direct services to; London Euston, Manchester, Birmingham, Glasgow and Chester.

• The property is located within close proxim­ity of local primary/secondary schools.

Financial Information:

Full Market Value: £235,000

40% Share: £94,000

Deposit: £9,400

Monthly Rent: £297.19

Monthly service Charge: £224.44

Household Income: £35,000

Mortgage: £470.00**

** Based on a 90%, 25-year repayment mortgage with an interest rate at 4.5%Your home may be at risk if you do not keep up your mortgage and rent repayments. Particulars give a fair overall description of the property and are not intended to constitute an offer or form part of any contract. Areas, distances or measurements referred to are approximate. For confirmation of property details refer to the terms of the lease and plans from your solicitor. Hyde New Homes Resale properties are sold as seen, photographs and details (excluding financial information) are provided by the leaseholder. Please note that the Resales Team have not visited this property.

Contact us now to arrange a viewing: Call 0345 606 1221 or email info@hydenewhomes.co.uk. Please ensure you are registered and approved for shared ownership by completing our application at www.hydenewhomes.co.uk/apply


Download Documents

Energy Certificate

Accessibility

C – Lifetime Homes

Meets the space standards of the Lifetime Homes developed by the Joseph Rowntree Foundation. Designed to meet the space standards of Lifetime Homes. Main features include a level approach/entrance and wider doorways. This category will capture all new general needs housing built to Lifetime Homes standards. Properties achieving this category will not necessarily meet all Lifetime Homes design guidance as the LAHR framework does not assess features other than space and access. Properties may have an internal flight of stairs. If so, these will be wide enough to accommodate future provision of a stair lift subject to technical feasibility.


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Calculate Monthly Cost

Share price
£ 94,000
Min. £94,000
Share percentage
Min. 40%
Your deposit
Min. £9,400
Monthly cost*
£926
Cost breakdown
£297
Rent
£224
Service charge
£405
Mortgage*
Calculated using a representative rate of 3.09%
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Location

Disclaimer

The information displayed about this property comprises a property advertisement. Share to Buy ltd makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Share to Buy has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by the sponsoring housing association. Please contact the housing association or estate agent directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007.

The ‘Estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together:

  • Rent: this is charged on the share you do not own and is usually payable to a housing association (rent is not generally payable on shared equity schemes)
  • Service Charge: covers maintenance costs for the property as a whole and communal areas
  • Mortgage: Share to Buy ltd are specialist Shared Ownership mortgage brokers and we use a database of daily updated mortgage rates to work out the lowest rate available for the deposit amount shown, and then generate an estimated monthly payment on a 25 year capital repayment basis.


NB: this mortgage estimate is not confirmation that you can obtain a mortgage and you will also need to satisfy the requirements of the relevant mortgage lender. Nor is this a guarantee that in practice you would be able to apply for such a rate, and nor is this a recommendation that the rate used would be the best product for you.