Share percentage 40%, full price £168,000, £3,360 Min Deposit
Monthly Cost: £679
Rent £231,
Service charge £83,
Mortgage £365*
Calculated using a representative rate of 4.78%
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 1st floor apartment *Broughton, Milton Keynes *Available to purchase through the shared ownership scheme
Description
This 1-bedroom 1st floor apartment is situated in Broughton, Milton Keynes, and is available to purchase through the shared ownership scheme.
Full market value: £168,000
Monthly service charge: £82.59
Monthly rent: £231 based on a 40% share
About the property
This property is comprised of:
An entrance hall
Living room/diner
Kitchen
One bedroom
Bathroom
It features an allocated car parking space.
All main services are connected and there is gas-fired radiator central hearing.
About the area
Broughton is a historic village, modern district and civil parish in Milton Keynes, Buckinghamshire, England. Today, it is a large district of (greater) Milton Keynes that has been developed around the original village. The name is Old English and meant 'brook farm’.
The facilities in the area include a "Hungry Horse" pub chain, and a range of small shops, hairdressers, and convenience stores. It also has a Pavilion, which hosts a variety of groups.
Broughton is within easy walking distance of the Milton Keynes Coach way, and is under 4 miles from Milton Keynes City Centre, which is home to hundreds of brands and multiple places to eat and drink.
Broughton is also within commuting distance of London via Milton Keynes Central Station.
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. Initial shares of between 25% and 75%** of our properties are available, you will pay a subsidised rent on the remaining share.
*Properties are offered as leasehold.
**Shares offered are maximised based on an affordability basis.
Disclaimer
The information provided by Domovo, the sales and marketing brand for bpha, is prepared as a general guide only and should not be relied upon as a basis to enter into a legal contract or to commit expenditure. All measurements are approximate. Floorplans are for illustration purposes only. Photographs/CGIs provided are for guidance only and may not reflect items included in the property sale. Any interested party is advised to check the measurements and to consult their own surveyor, solicitor and/or other professionals before committing themselves to any expenditure or other legal commitments.
Please note: Your home may be repossessed if you do not keep up repayments on your mortgage. Rent/Service Charge are an estimate.
Key Features
- 25-75% Share available
- 1 bedroom
- Allocated parking
- Excellent location
- 4 miles to Milton Keynes centre
- 4.8 miles to Milton Keynes train station with links to London
- Great local amenities
- Gas central heating
Particulars
Tenure: Leasehold
Lease Length: 99 years
Council Tax Band: A
Property Downloads
Key Information Document Floor Plan Energy CertificateMap
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: n/a
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 40%, full price £168,000, £3,360 Min Deposit. Calculated using a representative rate of 4.78%
