1 bedroom apartment for sale
Pilgrims House, Horne Lane, MK40 1AT
Share percentage 30%, full price £155,000, £2,325 Min Deposit.
Share percentage 30%, full price £155,000, £2,325 Min Deposit.
Monthly Cost: £790
Rent £345,
Service charge £180,
Mortgage £265*
Calculated using a representative rate of 5.26%
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
Available Now! 1-bedroom second floor apartment in Bedford is available to purchase through the Shared Ownership Scheme
Description
This 1-bedroom second floor apartment in Bedford and is available to purchase through the Shared Ownership scheme.
Full Market Value: £155,000
Share Available: 30%
Monthly Rent: £344.77
Monthly Service Charge: £180.27
Remaining Lease Term: 122 years
About the Property
As you enter the property, you will be in the entrance hallway, with a built-in cupboard. The bedroom is ahead to the left, and is a great size. There are three tall windows, allowing excellent natural light into the room. To the right is the spacious open plan kitchen/living room. The kitchen area benefits from a great amount of cupboard and counter space, an integrated waist height oven, and separate counter top electric hobs and over head extractor fan. There is under counter housing for two larger freestanding appliances. The living space is a good size, with room for a dining table and sofa, and there are another three windows allowing good natural light in. The bathroom is to the left of the bedroom, and benefits from both bath and shower facilities.
Outside, there is allocated parking.
About the Area
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 walking distance of 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.
Bedford is on the Midland Main Line, with stopping services to London and Brighton operated by Thameslink, and express services to London and the East Midlands operated by East Midlands Trains. Trains are available from Bedford Train Station to London St Pancras in approximately 38 minutes.
Beyond the town boundaries, the re-aligned A6 and the A421 Bedford southern bypass provide quick links from Wixams to the region’s major commuter routes, including the M1 and A1, while those travelling further afield will appreciate that Luton Airport is just a 30-minute drive away.
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 30% 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
- 30% Share Available
- 1 Bedrooms
- Allocated parking
- Excellent Location
- 2 minute walk from Bedford train station
- Great Local Amenities
- Gas Central Heating
Particulars
Tenure: Leasehold
Lease Length: 122 years
Council Tax Band: B
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 30%, full price £155,000, £2,325 Min Deposit. Calculated using a representative rate of 5.26%
