2 bedroom house for sale
Deep Spinney, MK40 4QN
Share percentage 50%, full price £228,000, £5,700 Min Deposit.
Share percentage 50%, full price £228,000, £5,700 Min Deposit.
Monthly Cost: £934
Rent £275,
Service charge £9,
Mortgage £650*
Calculated using a representative rate of 5.26%
Calculate estimated monthly costs
Summary
Available Now! 2-bedroom mid terrace house in Biddenham, Bedford is available to purchase through the Shared Ownership Scheme
Description
This 2-bedroom mid terrace house is situated in Biddenham, Bedford and is available to purchase through the Shared Ownership scheme.
Full Market Value: £228,000
Share Available: 50%
Monthly Rent: £274.82
Monthly Service Charge: £8.59
Remaining Lease Term: 161 years
Restricted staircasing: 80%
About the Property
As you enter the property you will be in the entrance area. This leads into the living room, with the stairs to the first floor on the left, a built in cupboard underneath the stairs, and a large window allowing great natural light into the living space. Through the living room is the kitchen, with space for a dining table to the left, and the kitchen units to the right. There is a good amount of cupboard and counter space, an integrated oven with gas hobs and an extractor hood, and housing for utility appliances.
Upstairs, the first bedroom is situated at the front of the property, and features carpeting, a fitted wardrobe and a built-in cupboard. The second bedroom is also carpeted, and is situated at the rear of the property, neighbouring the bathroom. The bathroom benefits from both bath and shower facilities. There is a built-in cupboard on the upstairs landing.
Outside, the garden is comprised of a patio area, with steps leading to the tiered end of the garden and rear gate.
About the Area
Biddenham is a village and a civil parish in Bedfordshire, England, located to the west of Bedford near the A428 road.
The village largely serves as a dormitory settlement for Bedford, and also for commuters to London, being on the same side of the town centre as Bedford railway station.
Bedford is the county town of Bedfordshire, England. The town has a population of around 80,000, and boasts an array of shops, pubs and leisure facilities; all in close proximity to this property! Also nearby is the beautiful River Ouse, popular for leisurely walks along it’s picture-postcard embankment. This property location is ideal if you work in the town centre or want to be within easy reach of everything Bedford has to offer.
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
2 Bedrooms
Allocated parking
Excellent Location
2 miles to Bedford centre and train station
Great Local Amenities
Gas Central Heating
Particulars
Tenure: Leasehold
Lease Length: 161 years
Council Tax Band: C
Property Downloads
Key Information Document Floor Plan Energy CertificateVirtual Tour
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 50%, full price £228,000, £5,700 Min Deposit. Calculated using a representative rate of 5.26%