2 bedroom apartment for sale

Available

98 Rowditch Furlong, Redhouse Park, MK14 5GD

£116,000 · Shared Ownership Resale

Share percentage 50%, full price £232,000, £11,600 Min Deposit.

Available
2 bedrooms
Floor plan
floor-plan
Floor plan
floor-plan
£116,000 Shared Ownership Resale · Eligibility Eligibility

Share percentage 50%, full price £232,000, £11,600 Min Deposit.

Monthly Cost: £1,029
Rent £218, Service charge £222, Mortgage £589*

Calculated using a representative rate of 4.64%

Calculate estimated monthly costs

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Eligibility
You may be eligible for this property if: -You must be at least 18 years old -Your annual household income must be less than £90,000 -You are unable to purchase a suitable home to meet your housing needs on the open market -You should generally be a first time buyer. If you already own a property, you must be in the process of selling or have already sold it before you can apply Please note that applicants will be expected to purchase the maximum share that is sustainable for them.
Summary

Two-bedroom, second floor apartment with parking, now available in Milton Keynes

Description
Property reference number: 1639171
 
Rowditch Furlong, a captivating 2-bedroom apartment conveniently nestled in Milton Keynes, seamlessly offering the best of both worlds: the serene tranquillity of idyllic countryside and the dynamic vibrancy of city living.

This delightful property, approximately 66.5 sq. metres, welcomes you with a thoughtfully designed interior for comfort and style. The well-appointed kitchen and spacious living areas create an inviting atmosphere for relaxation and entertainment. An allocated parking space, adds convenience, meeting your lifestyle needs effortlessly.

Nature enthusiasts will appreciate Rushmere Country Park, with 400 acres of woodland, heathland, and meadows, offering walking trails, cycling, and equestrian paths. Bletchley Leisure Centre caters to the community, providing fitness classes and excellent facilities.

Indulge in retail therapy at Centre:MK, one of the UK's premier shopping destinations, featuring over 190 shops, restaurants, and cafés—a perfect place to treat yourself and enjoy a unique shopping experience.
  • Nearest station: Milton Keynes Central Railway Station: 4.5 miles
  • Bus routes nearby: 601 bus service
  • MK1 Junction 14: 3.4 miles
  • Milton Keynes Shopping Centre: 3.5 miles
Key Features

Allocated parking space
Open plan kitchen
Integrated kitchen appliances 
 
What happens after I register my interest?
 
You will receive an email confirmation that will confirm next steps including how to book a viewing, completing a financial assessment with a mortgage advisor and completing a Shared Ownership Application Form.
 
If you don’t receive this email within an hour of your registration, please check your spam or junk folders and set your spam filter to allow incoming emails from Peabody. If you still haven’t received the email, please contact enquiries@peabodynewhomes.co.uk  and our team will be able to help you.
 
What is Resale Shared Ownership?
 
Through Shared Ownership you can buy up to 75% of the property, paying a low-cost rent on the remaining unpurchased 'share' of the home. What's more, your mortgage deposit is based on the value of the share you buy, not the full market value, making these homes even more affordable than buying through private sale. With resale properties, you must purchase your first share at the percentage the existing leaseholder owns or more. 
 
Financial information

Tenure: Leasehold
Remaining lease term: 89 years
Annual ground rent amount: £0
Ground rent review period: Not payable until final staircasing.
Annual service charge amount: £2,667.24
Service charge review period: Annually
Council tax band: B
 
*Financial information correct as of 26.04.2024
Particulars

Tenure: Leasehold
Lease Length: No lease length specified. Please contact provider.
Council Tax Band: B

Property Downloads
Floor Plan
Map
Wolverton (2.56 miles) Milton Keynes Central (3.44 miles) Fenny Stratford (5.85 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.

£116,000
Shared Ownership Resale
Estimated Monthly Cost:£1,029
Rent £218
Service Charge £222
Mortgage £589

Share percentage 50%, full price £232,000, £11,600 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.