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£62,500
This superb modern home is available to buy from as little as £62,500 with a 50% share!
ELIGIBILITY
Shared Ownership gives first time buyers and those that do not currently own a home the opportunity to purchase a share in a new build or resales leasehold property. The purchaser pays a mortgage on the share they own and pays rent to a housing association on the remaining share. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright although this is not a guarantee.
To be eligible for shared ownership you would need to meet the following criteria:
• Your annual household income does not exceed £80,000
• You have a deposit of at least 5% of the share value
• You do not own another property or have your name on the deeds or a mortgage for a property worldwide.
• This will be your only residence.
• You are a permanent UK resident or have indefinite right to remain.
*Service charges are estimated and may subject to change. Rent and service charges will be reviewed annually by your housing provider, usually on 1st April each year.
Shared Ownership
This superb modern home is available to buy from as little as £62,500 with a 50% share!
A well-presented first-floor studio apartment offering bright and versatile living, ideal for first-time buyers.
The thoughtfully designed accommodation features a spacious open-plan living and sleeping area with direct access to a private balcony, creating a light and airy feel throughout.
The property also benefits from a separate fitted kitchen, a bathroom, and useful built-in storage in the entrance hall. Externally, there is one allocated parking space along with visitor parking, adding further convenience for residents and guests.
Situated in a popular Milton Keynes location, the apartment is well placed for local amenities, transport links, and nearby green spaces.
PRICING & AFFORDABILITY
Full Market Value: £125,000
50% Share Price: £62,500 (rent £122.85 pcm)
Minimum 5% Mortgage Deposit: (50% share): £3,125
Approximate Service Charges: £68.81 pcm*
Lease: Will be extended to 153 years on completion of the sale
- Bow Brickhill Rail Station (2.3km)
- Woburn Sands Rail Station (2.7km)
- Fenny Stratford Rail Station (3.2km)
- Aspley Guise Rail Station (4.1km)
- Bletchley Rail Station (4.5km)
- Milton Keynes Central Rail Station (5.8km)
- Ridgmont Rail Station (6.6km)
- Wolverton Rail Station (9.0km)
- Lidlington Rail Station (9.3km)
- Millbrook (Beds) Rail Station (11.3km)
Sown Shared Ownership
