2 bed Flat For Sale £215,000
Shared Ownership
The scheme allows you to purchase the specified share of the property price and pay a reduced rent on the share you do not own. You will have the opportunity to buy further shares (subject to affordability) at a later date. As a shared owner you will be an assured tenant until you own 100% of the shares for the property, after which you will own the leasehold interest
Location
Within close proximity to Newport Pagnell a new development. Junction 14 and the Centre of Milton Keynes can be found I under 5 miles.
Schools nearby
Access to major routes
Fitness Centre nearby
gia – 62m²
Bedroom 1 – 13.06m²
• Double room
Bedroom 2 – 10.27m²
• Double room
Bathroom/WC – 3.9m²
Kitchen – 7.81m²
Lounge – 19.11m²
Outside
• Allocated parking
Further Info
Tenure: Leasehold
Rent Review Period: October
Lease Length: 117 years
Council Tax Band: B
Energy Efficiency Rating – B
Eligibility
• You must be at least 18 years old
• You should live or work in the Borough of Milton Keynes
• Outside of London your annual household income must be less than £80,000
• In London, your annual household income must be less than £90,000
• You cannot own another home. Shared Ownership purchasers are often first-time buyers but if you do already own another property (either in the UK or abroad), you must be in the process of selling it
• You should not be able to afford to buy a home suitable for your housing needs on the open market.
• You must show you are not in mortgage or rent arrears
• You must be able to demonstrate that you have a good credit history (no bad debts or County Court Judgements) and can afford the regular payments and costs involved in buying a home.
• You must be earning a household income of at least £32.686 per annum, with a minimum deposit of £10,750
Sale Price and Equity
Full market value: £215,000
Monthly net rent: £203.34
Share available: 50%
Monthly service charge: £147.86
Share price: £107,500
Council Tax rates payable: £1490.93
Ground Rent: N/A
The rent review is every April. Quoted rental figures are based on the 2022/23 financial year.
The scheme allows you to purchase the specified share of the property price and pay a reduced rent on the share you do not own. You will have the opportunity to buy further shares (subject to affordability) at a later date. As a shared owner you will be an assured tenant until you own 100% of the shares for the property, after which you will own the leasehold interest
Location
Within close proximity to Newport Pagnell a new development. Junction 14 and the Centre of Milton Keynes can be found I under 5 miles.
Schools nearby
Access to major routes
Fitness Centre nearby
gia – 62m²
Bedroom 1 – 13.06m²
• Double room
Bedroom 2 – 10.27m²
• Double room
Bathroom/WC – 3.9m²
Kitchen – 7.81m²
Lounge – 19.11m²
Outside
• Allocated parking
Further Info
Tenure: Leasehold
Rent Review Period: October
Lease Length: 117 years
Council Tax Band: B
Energy Efficiency Rating – B
Eligibility
• You must be at least 18 years old
• You should live or work in the Borough of Milton Keynes
• Outside of London your annual household income must be less than £80,000
• In London, your annual household income must be less than £90,000
• You cannot own another home. Shared Ownership purchasers are often first-time buyers but if you do already own another property (either in the UK or abroad), you must be in the process of selling it
• You should not be able to afford to buy a home suitable for your housing needs on the open market.
• You must show you are not in mortgage or rent arrears
• You must be able to demonstrate that you have a good credit history (no bad debts or County Court Judgements) and can afford the regular payments and costs involved in buying a home.
• You must be earning a household income of at least £32.686 per annum, with a minimum deposit of £10,750
Sale Price and Equity
Full market value: £215,000
Monthly net rent: £203.34
Share available: 50%
Monthly service charge: £147.86
Share price: £107,500
Council Tax rates payable: £1490.93
Ground Rent: N/A
The rent review is every April. Quoted rental figures are based on the 2022/23 financial year.
