4 bedroom house for sale
Elder Way, MK45 2HN
Share percentage 40%, full price £510,000, £20,400 Min Deposit.
Share percentage 40%, full price £510,000, £20,400 Min Deposit.
Monthly Cost: £1,889
Rent £816,
Service charge £38,
Mortgage £1,035*
Calculated using a representative rate of 4.64%
Calculate estimated monthly costs
Summary
Available Now! 4-bedroom detached house in Ampthill, Bedfordshire is available to purchase through the Shared Ownership Scheme
Description
This 4-bedroom detached house is situated in Ampthill, Bedfordshire and is available to purchase through the Shared Ownership scheme.
Full Market Value: £510,000
Share Available: 40%
Monthly Rent: £815.85
Monthly Service Charge: £38.16
Remaining Lease Term: 120 years
About the Property
As you enter the property you will be in the hallway, with a spacious living room to your left. Adjacent is the downstairs WC. At the back of the property sits the modern kitchen/dining room, which comes with ample cupboard and worktop space. There is also a utility room, which sits alongside the kitchen.
Upstairs comprises of four well sized bedrooms, with bedroom 1 having an en-suite bathroom. The family bathroom sits in between the two master bedrooms.
Outside there is a large back garden with plenty of space for furniture. The property includes a driveway for cars and a garage.
About the Area
Ampthill is an attractive Georgian market town located 8 miles south of Bedford with a population of approximately 8,000. A market has become a regular feature on Thursdays for centuries now and the town offers a wide range of restaurants, coffee shops, public houses, a Waitrose supermarket and a good selection of small independent specialist shops. Small businesses in the town include solicitors, estate agents, financial services, hairdressers, as well as antique shops.
Ampthill also benefits from the highly regarded pre-schools, two lower schools, a middle school and the ‘outstanding’ Ofsted rated Redborne Upper School. Ampthill Park provides beautiful countryside with some 70 acres of historic parkland featuring football pitches, tennis courts, a cricket ground, children’s play areas and a café. Ampthill also boasts a fine local rugby club.
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 40% 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
40% Share Available
4 Bedrooms
Allocated parking
Excellent Location
2 miles from Flitwick train station
Great Local Amenities
Gas Central Heating
Particulars
Tenure: Leasehold
Lease Length: 120 years
Council Tax Band: E
Video 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 40%, full price £510,000, £20,400 Min Deposit. Calculated using a representative rate of 4.64%
