1 bedroom apartment for sale
Flat 11/Moonstone House, 304 South Row, MK9 2FR
Share percentage 75%, full price £195,000, £14,625 Min Deposit.
Share percentage 75%, full price £195,000, £14,625 Min Deposit.
Monthly Cost: £1,123
Service charge £381,
Mortgage £742*
Calculated using a representative rate of 4.64%
Calculate estimated monthly costs
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
Ground Floor Apartment With Private Balcony
Description
*AVAILABLE TO PURCHASE AT 75% SHARED OWNERSHIP OR OUTRIGHT! ** Well presented One-Bedroom, ground floor apartment boasting open plan kitchen/living space with private balcony. The bedroom is fitted with large built in wardrobes and just when you think you have it all, you also have built in storage in the hallway - perfect for hiding your household electric appliances and Christmas tree! There’s a spacious bathroom with a double length shower cubicle. This home also benefits from its own allocated parking space. This property is offered at 75% Shared Ownership. More information below. This home can also be purchased outright from Notting Hill Genesis Housing Association for £195,000. All interested applicants must be pre-qualified financially and for Shared Ownership which Purplebricks Team will assist with. A great Starter Home!
Shared Ownership is a great way for you to get a foot on the property ladder, if you can’t afford to buy a home outright on the open market. It can ease the pressure of needing to save for a large deposit, or having to make high mortgage repayments. Essentially, it means you’ll be buying a share of your home and paying an affordable rent on the remainder. When you are in a position to do so, it’s also possible to buy further shares in your home; this is known as Staircasing. Notting Hill Genesis Housing Association are the Housing Association offering this home via Shared Ownership.
*Advertised Price Marketed Is Based On 75% Shared Ownership* BREAK DOWN OF EXAMPLES OF OTHER SHARE AMOUNTS AVAILABLE, RENT AND OTHER COSTS IN ADDITION TO YOUR MORTGAGE PAYMENT BASED ON FULL MARKET VALUE OF £195,000 :- 75% Share (£146,250) - Rent and Service Charges: £381.05 PCM The rental includes Service Charges and Ground Rent. This home can also be purchased outright for £195,000.
Key Features
Shared Ownership OR Outright Purchase
1 Bedroom Ground Floor Apartment
Great Location With Transport Links
Allocated Parking Space
Modern Design Throughout
Private Balcony
Particulars
Tenure: Leasehold
Lease Length: 133 years
Council Tax Band: B
Map
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 75%, full price £195,000, £14,625 Min Deposit. Calculated using a representative rate of 4.64%
