3 bedroom house for sale

Under Offer

Longwick Road, HP27 9RR

£112,500 · Shared Ownership New Build

Share percentage 25%, full price £450,000, £5,625 Min Deposit.

Under Offer
3 bedrooms
1 Bathroom
Private Garden
Parking
New phase selling fast!
Floor plan
floor-plan
Floor plan
floor-plan
£112,500 Shared Ownership New Build · Eligibility Eligibility

Share percentage 25%, full price £450,000, £5,625 Min Deposit.

Monthly Cost: £1,381
Rent £773, Service charge £30, Mortgage £578*

Calculated using a representative rate of 4.24%

Calculate estimated monthly costs

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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.
Summary

JUST LAUNCHED! Available through SHARED OWNERSHIP, The Kingston is a stunning 3 bed contemporary family home with private PARKING, carpets, flooring throughout and integrated kitchen appliances.

Description

The Kingston is a stunning 3 bedroom home available on Shared Ownership


An entrance lobby leads to a good sized living/dining and an open plan kitchen. Perfect layout for a growing family. On the first floor you can find a large double bedroom, fitted wardrobes, along with extra storage space and Juliet balcony. There are two further bedrooms and a contemporary family bathroom to the first floor.


Shared Ownership Cost Breakdown - 25% Share
* Full market value = £450,000
* Example 25% share price = £112,500
* Rent = £773.44pcm (charged at 2.75% of the unsold equity)
* Estimated service charge = £30.07pcm


Shared Ownership Cost Breakdown - 40% Share
* Full market value = £450,000
* Example 40% share price = £180,000
* Rent = £618.75cm (charged at 2.75% of the unsold equity)
* Estimated service charge = £30.07pcm


Shared Ownership Cost Breakdown - 75% Share
* Full market value = £450,000
* 75% share price = £337,500
* Rent = £257.81pcm (charged at 2.75% of the unsold equity)
* Estimated service charge = £30.07pcm


How does Shared Ownership work?

Shared Ownership is a Government-backed scheme for first-time buyers who are unable to afford a suitable home at the full market price. You initially purchase between 25-75% of the home's market value. You then pay subsidised rent on the remainder calculated at 2.75% per annum.


Am I eligible?


To be considered eligible for the Shared Ownership scheme your yearly income must be below £80,000. For London the limit is £90,000. Those who already own a home are not eligible for the scheme. You would need to sell your current home to be considered


Will I need to pay a deposit?


In terms of a deposit you will need 5% of the percentage of the home you're purchasing.


FURTHER AFIELD


For a wider selection of shops and attractions, nearby Aylesbury, just 9 miles from Princes Risborough, offers many of the major high street favourites including a House of Fraser department store, along with traditional open-air and farmers markets. Aylesbury's popular Waterside Theatre provides a fantastic programme of live performances and the award-winning Roald Dahl Childrens Gallery at Bucks County Museum in Church Street attracts visitors from miles around.


AN EASY COMMUTE


With direct links to London via rail and road, Princes Risborough is ideal for commuting. The local train station offers a fast and frequent rail service into London Marylebone in as little as 31 minutes. By car, the M40 at High Wycombe is less than 10 miles from the development, offering direct access to the M25 and into London to the south, or north to the Midlands. For travelling further afield, Heathrow and Luton airports are both well within an hours drive.


PERFECT FOR FAMILIES


The town is ideal for family living, with a good selection of primary and secondary schools to choose from, along with a great range of pre-school facilities. The Princes Risborough Secondary School is also home to the towns Community Sports Centre, hosting a wide range of sporting activities and classes for the local community.


THE GREAT OUTDOORS


With the beautiful Chilterns right on the doorstep, there are acres of rolling hills and woodland close by, just waiting to be explored. Here you will find over 300 square miles of stunning scenery, delightful walkways and well maintained cycle tracks interspersed with pretty villages and characterful country pubs to discover and enjoy.


Financials
Length of lease: 125 years
Annual service charge: £360
Service charge review period: Yearly
Council tax band: (D £2,068)


As a shared owner, you’ll pay rent for the percentage of the property that you don’t yet own. Every year, we calculate your new rent and will write to you to confirm what your new rent will be. Depending on your new home, you’ll also pay a service charge. This covers a proportion of the cost for the services, management and maintenance of the your building and development where you live. Your lease will detail what’s down to you in terms of repairing and maintaining your home. To find out more visit https://www.chg.org.uk/your-home/shared-ownership/living-in-your-shared-home/ and speak to our sales team.


*Terms and conditions apply. Speak to one of our sales advisors for more information.

Key Features
  • Carpets and flooring fitted as standard
  • Open Plan Kitchen, living/dining room
  • Contemporary Symphony kitchen units with under cupboard lighting
  • Integrated Smeg appliances to include gas hob, double oven, extractor hood & fridge/freezer
  • Turf to front and rear gardens
  • Private parking
  • Close proximity to local amenities and good schools
  • Trains in to London taking just 39 mins - perfect for commuting
Particulars

Tenure: Leasehold
Council Tax Band: D

Property Downloads
Floor Plan Brochure Price List
Map
Monks Risborough (0.56 miles) Princes Risborough (0.79 miles) Little Kimble (2.02 miles)
Monthly Cost Calculator

The ‘estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together: rent, service charge and mortgage.

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  • 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.

£112,500
Shared Ownership New Build
Estimated Monthly Cost:£1,381
Rent £773
Service Charge £30
Mortgage £578

Share percentage 25%, full price £450,000, £5,625 Min Deposit. Calculated using a representative rate of 4.24%


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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.