2 bedroom apartment for sale
George Avenue, MK17 8WH
Share percentage 55%, full price £250,000, £13,750 Min Deposit.
Share percentage 55%, full price £250,000, £13,750 Min Deposit
Monthly Cost: £930
Rent £31,
Service charge £217,
Mortgage £682*
Calculated using a representative rate of 4.42%
Calculate estimated monthly costs
Summary
Two bedroom, two bathroom apartment at Glebe Farm, which would suit sharers. Make this home your own, enjoy a £500 B&Q Voucher on completion*.
Description
SHARED OWNERSHIP
Full market value - £250,000
You pay (55%) - £137,500
Monthly rent - £324.30
Monthly service charge - £216.86
Annual ground rent - N/A
Council Tax Band: B
250 year lease commenced September 2021 - 246 years remaining
Enter this apartment via a spacious hallway with two large storage cupboards and find the two double bedrooms to your right, the master with fitted wardrobe and en-suite. Follow the hallway into the large open plan living area with door to a private balcony. A contemporary family bathroom completes the accommodation , which comes with allocated parking.
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 £46,734. If you are offered the property, 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 lqhomes.com and 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 at March 2025.
*The £500 B&Q Voucher is currently being offered on this resale property for a limited time and is applicable to any Shared Ownership purchase that completes a reservation on or before 31st August 2025 and then completes on the sale before 31st December 2025. The voucher will be supplied within 75 days of completion of the purchase and will be an E-Voucher, issued by email to the Sole or Primary Purchaser. Further terms and conditions may be in place from the voucher provider, and it is the purchaser's responsibility to satisfy themselves of any terms applicable. The voucher cannot be offset against any fees or monies due from the purchase. L&Q will not be responsible for direct payments to any lenders, or third parties. L&Q reserve the right to remove an incentive at any time.
Key Features
- Long lease
- Ample storage
- En suite to master bedroom
- Integrated appliances
Particulars
Tenure: Leasehold
Lease Length: 246 years
Council Tax Band: B
Property Downloads
Key Information Document Floor Plan Energy CertificateVirtual Tour
Map
Material Information
Total rooms:
Furnished: Enquire with provider
Washing Machine: Enquire with provider
Dishwasher: Enquire with provider
Fridge/Freezer: Enquire with provider
Parking: Yes - Allocated
Outside Space/Garden: Yes - Communal Garden
Year property was built: Enquire with provider
Unit size: Enquire with provider
Accessible measures: Enquire with provider
Heating: Enquire with provider
Sewerage: Enquire with provider
Water: Enquire with provider
Electricity: Enquire with provider
Broadband: Enquire with provider
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 55%, full price £250,000, £13,750 Min Deposit. Calculated using a representative rate of 4.42%