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
Arlesey railway station within 2 miles
Close to Schools, supermarket, gym, spa and restaurants
gia – 93 m²
Bedroom 1 – 6.02 x 2.44m²
• Double room
• Velux window
Bedroom 2 – 3.58 x 3m
• Double room
Bedroom 3 – 3.58 x 2.57m
• Double room
Bathroom/WC
• Bath
• Shower
• Area for washing machine
Kitchen/ Living room – 6.38m x 5.82m²
• Overlooking the park
• Open plan to living room
• Breakfast bar
Outside
• Allocated parking
Further Info
Tenure: Leasehold
Ground Rent review Period: N/A
Lease Length: 86 years
Council Tax Band: C
Energy Efficiency Rating – B
Full market value: £287,500
Share available: 40%
Share price: £115,000
Monthly net rent: £305.65
Monthly service charge: £84.38
Council Tax rates payable £1859.46
Open day
Saturday 28th January 2023 10 am – 2 pm
Viewings strictly by appointment only.
For further information or to book an appointment, please contact our Resales team on
Tel: Or email:
Eligibility
• You must be at least 18 years old
• You should live or work in the borough of Central Bedfordshire
• Outside of London your annual household income must be less than £80,000
• 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 £38,336 per annum, with a minimum deposit of £11,500