Share Price £97,998 (from 40% Min. Share)

Full Value £244,995 | £4,900 Min. Deposit

Scheme: Shared Ownership

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Saxon Reach - 2 bed apartment in Milton Keynes - Milton Keynes

place The Chester I at Saxon Reach, Chevry Close, MK17 8LZ

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Just released - next phase of 1 & 2 bedroom Shared Ownership apartments!


Description

We are open! Our Sales and Marketing Suite is available to visit on an appointment-only basis, with extra measures in place for your safety. We are here for you throughout your home buying journey, whether you’d like to visit us in person, or would prefer to speak to us from home.

Just released - next phase of 1 & 2 bedroom Shared Ownership apartments. Register your interest for more information!

Prices start from £85,998 for a 40% share of a 1 bedroom apartment. Full purchase price of £214,995
Prices start from £97,998 for a 40% share of a 2 bedroom apartment. Full purchase price of £244,995

The Chester I

The Chester features a large open-plan living/ kitchen/ dining area with integrated appliances including dishwasher, fridge-freezer, hob and oven. The master bedroom is served by an en suite and there is also a main bathroom off of the hall. There is plenty of storage space in this apartment and also private outdoor space in the form of a patio or balcony dependant on the floor.

What's more, all homes at Saxon Reach are compliant with national space standards meaning our houses are larger than an average new build home and there is more living space for you and your family to enjoy.

L&Q are proud to offer an exemplary specification as standard on all our homes and offer no optional extras; we have included everything you need to ensure you can move straight into your new home. Dependant on the stage of your build, the only choice you will have to make is between two contemporary colour palettes.

About the development

Saxon Reach forms part of the wider Glebe Farm development by L&Q Estates which in the future will include local amenities such as a primary school, secondary school and a health centre. Perfectly located on the edge of Milton Keynes, Saxon Reach is close to the M1 and ideal for commuters or those who want to experience the best of both worlds; the countryside and the cosmopolitan city of Milton Keynes.

Unfamiliar with Shared Ownership?

With Shared Ownership you purchase a share of between 40%-75% of a home and pay subsidised monthly rent on the remaining share*. It’s a great opportunity for anyone who is unable to afford to purchase a home outright on the open market but still wants to step foot onto the property ladder.

Coronavirus – An update from us

We’re following the latest government advice on the coronavirus situation and are taking extra precautions to ensure the health and wellbeing of our customers, colleagues and members of the public. For information on the measures we are taking, please visit our website.

*We are taking extra precautions to ensure the health and wellbeing of our customers, staff and members of the public. More information can be found on our website. Images represent local area images and show home photography of other L&Q developments. Computer generated images are for illustrative purposes only.


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Link to the floor plan
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Calculate Monthly Cost

Share price
£ 97,998
Min. £97,998
Share percentage
Min. 40%
Your deposit
Min. £4,900
Monthly cost*
£958
Cost breakdown
£337
Rent
£133
Service charge
£488
Mortgage*
Calculated using a representative rate of 3.94%
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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.