2 bedroom apartment for sale
Union Court, Canal Street, MK9 4BG
Share percentage 50%, full price £330,000, £8,250 Min Deposit.
Share percentage 50%, full price £330,000, £8,250 Min Deposit.
Monthly Cost: £1,651
Rent £410,
Service charge £301,
Mortgage £940*
Calculated using a representative rate of 5.26%
Calculate estimated monthly costs
Summary
This two bedroom apartment is located in Milton Keynes, Buckinghamshire and is available to purchase through the Shared Ownership scheme
Description
This two bedroom fourth floor apartment in Milton Keynes, Buckinghamshire is available to purchase through the Shared Ownership scheme.
Full Market Value: £330,000
Share Available: 50%
Monthly Rent: £409.98
Monthly Service Charge: £300.92
Remaining Lease Term: 121 years
About the Property
As you enter into the property, the main bathroom is straight ahead which includes a bath with shower capabilities, WC and wash basin. To the left of the hallway you will find the spacious master bedroom featuring a modern en-suite and full length window providing excellent natural lighting. To the right is the second bedroom. At the back of the property is the open plan lounge/kitchen/diner. The kitchen is designed to a high specification, and is modern looking with white gloss cupboards and a wood effect worktop. From the lounge area, there is access to the balcony.
This property has one allocated parking space.
About the Area
This development can be found on the edge of the Grand Union canal, with Campbell Wharf Marina being a walking distance away.
Milton Keynes is a city in Buckinghamshire, located only 50 miles from London. It can be found near the M1, the A421 and A5. With over 500 acres of outdoor space and named a ‘city in the forest’ – Milton Keynes has everything you need all in one place. You can catch at train from Milton Keynes Central Station and be in the country's capital in under 30 minutes.
Milton Keynes has a wide variety of shops, supermarkets and activities to enjoy. Centre:MK is the cities shopping centre with hundreds of brands under one roof including TK Maxx, H&M, Boots, John Lewis and more. As well as multiple places to eat and drink. Milton Keynes is also the home of Willen Lake, Gulliver’s Land theme park, Milton Keynes University Hospital and Stadium MK. The city also has many activities to offer including bowling, crazy golf, cinemas, ice skating and much more!
Shared Ownership, how does it work?
If buying a home seems out of reach, Shared Ownership* could be the answer and offers a great alternative to renting. This property has a 50% share available to purchase, and you will pay a subsidised rent on the remaining share, as displayed above. In the future you can purchase further shares in your home** or sell your share and move on.
*Properties are offered as leasehold.
**Some properties are restricted to the level of share you can purchase.
Please note: Your home may be repossessed if you do not keep up repayments on your mortgage.
Key Features
- 50% Share Available
- Open Plan Lounge/Kitchen/Diner
- Two Bedrooms
- Balcony with Excellent View
- One Allocated Parking Space
- Great Local Amenities
- Close to Centre:MK
Particulars
Tenure: Leasehold
Lease Length: 121 years
Council Tax Band: C
Property Downloads
Key Information Document Floor Plan Energy CertificateMap
The ‘estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together: rent, service charge and mortgage.
- 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 and repairs for communal areas within your development.
- Mortgage: Share to Buy use a database of mortgage rates to work out the rate likely to be available for the deposit amount shown, and then generate an estimated monthly plan on a 25 year capital repayment basis.
NB: This mortgage estimate is not confirmation that you can obtain a mortgage and you will need to satisfy the requirements of the relevant mortgage lender. This is not a guarantee that in practice you would be able to apply for such a rate, nor is this a recommendation that the rate used would be the best product for you.
Share percentage 50%, full price £330,000, £8,250 Min Deposit. Calculated using a representative rate of 5.26%
