2 bedroom apartment for sale

Available

Payne Road, Glebe Farm, MK17 8EX

£152,750 · Shared Ownership Resale

Share percentage 65%, full price £235,000, £15,275 Min Deposit.

Available
2 bedrooms
1 Bathroom
Private Balcony/Terrace
Parking
Floor plan
floor-plan
Floor plan
floor-plan
£152,750 Shared Ownership Resale

Share percentage 65%, full price £235,000, £15,275 Min Deposit.

Monthly Cost: £1,215
Rent £213, Service charge £227, Mortgage £775*

Calculated using a representative rate of 4.64%

Calculate estimated monthly costs

£
Summary

Allocated parking / Private balcony / within building warranty

Description

Shared Ownership

Full Market Value: £235000

Share Value (65%): £152750

Monthly Rent: £213.37

Service Charge: £226.76

Council Tax Band: A

990 year lease commenced Month/Year - 987 years remaining

New guidance, from the Royal Institute of Chartered Surveyors (RICS), means that lenders should no longer require an EWS1 form for this property. However, we cannot guarantee that all Mortgage lenders, brokers and valuers are utilising the same criteria.

L&Q welcomes you to view this two bedroom, first floor apartment

Thisbright andspacioustwo bedroom apartment consistsof astylishopen-plan kitchen and living area, flooded with natural light from wide floor-length windows. The kitchen is fitted with matt grey wall and base units, with under-cupboard lighting, and a white stone effect worktop. The kitchen also benefits from integrated appliances including a fridge freezer, oven, hob, extractor fan and dishwasher. Spacious main double bedroom benefitting from built-in storage cupboards. Bright and airy second double bedroom with floor-length windows. The bathroom comes complete with a white three-piece suite with a shower over bath and a stone tile surround. Additional double storage cupboard in hallway and one allocated parking space

The village of Glebe Farm, close to the large bustling town of Milton Keynes, is the perfect location for those
looking to live in a quieter area, yet still desire an abundance of activities at their fingertips. There are a
variety of shops, pubs and restaurants nearby. Milton Keynes provides Midsummer Boulevard which has
some of the best shopping in town, as well as a theatre and Xscape leisure centre.

Woburn Sands mainline station is a 5 minute drive away, offering services to Bedford, and for drivers the
M1 offers links to the North and South. Milton Keynes Central station also serves destinations across the
country including London Euston, with journeys taking just over 30 minutes plus trains to
Manchester, Leeds and Birmingham.

The buyer will require a deposit to obtain a mortgage for this property.

To meet the requirements for this property we require as a guideline, a minimum household income of £45,936. If you are offered the home, your ability to afford this property will be assessed at your financial interview. Please note that applicants should purchase the maximum share that they can afford and sustain.

Only applicants who are registered with London and Quadrant will be eligible to be offered a property in one of our schemes. If you are not registered please visit our website www.lqhomes.comand register to obtain your unique reference number.

Your home is at risk if you fail to keep up repayments on a mortgage, rent or other loan secured on it. Please make sure you can afford the repayments before you take out a mortgage.

These particulars are of opinion only, are intended to give a fair description and do not form the basis of a contract. The descriptions and all other information are believed to be correct as of April 2024

Key Features
  • Allocated parking space
  • Within building warranty
  • Good EPC rating
  • Private east facing balcony
  • Additional storage cupboard to hallway
Particulars

Tenure: Leasehold
Lease Length: 987 years
Council Tax Band: A

Property Downloads
Key Information Document Floor Plan Energy Certificate
Virtual Tour
https://nichecom.s3.eu-west-1.amazonaws.com/cat1000/2024/03/22/65fd55f7522af-1100615.mp4
Map
Aspley Guise (0.68 miles) Woburn Sands (1.07 miles) Ridgmont (1.91 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.

£152,750
Shared Ownership Resale
Estimated Monthly Cost:£1,215
Rent £213
Service Charge £227
Mortgage £775

Share percentage 65%, full price £235,000, £15,275 Min Deposit. Calculated using a representative rate of 4.64%


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.