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2 bedroom apartment for sale

Available

Stephenson House, Wetherburn Court, Bletchley, MK2 2AF

£75,000 Shared Ownership Resale

Share percentage 50%, full price £150,000, £7,500 Min Deposit.

Available
2 bedrooms
2 Bathrooms
Floor plan
floor-plan
Floor plan
floor-plan
£75,000 Shared Ownership Resale

Share percentage 50%, full price £150,000

Monthly Cost: £890

Rent £298, Service charge £213, Mortgage £379*

Calculated using a representative rate of 4.59%

Calculate estimated monthly costs

£
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Summary

A Fantastic Opportunity to Purchase a Two Bedroom Flat on a Shared Ownership (Part Buy/Part Rent) Basis

Description

This well-presented, second-floor flat has a spacious reception room with stylish, open-plan kitchen area. The main bedroom features a fitted, mirror-fronted wardrobe and has an en-suite shower room. There is a generously-sized second bedroom, also with fitted wardrobe, and an attractive bathroom. Well insulated walls, double glazed windows and gas central heating make for a very good energy-efficiency rating. Stephenson House is very close to the Brunel Shopping Centre and there is a wide range of other shops in the local area. Bletchley Station is just minutes away and offers rail services to London Euston, Birmingham New Street, Bedford and Milton Keynes Central.

SHARED OWNERSHIP (Advertised price represents 50% share. Full market value £150,000).

INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [https://tinyurl.com/2ahx7sne]

(Please note the minimum income and deposit requirements for eligibility. You do not need to request a viewing separately once you have completed the application form.)

Housing Association: A2Dominion.
Tenure: Leasehold (125 years from 10/12/2008).
Minimum Share: 50% (£75,000). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £298.31 per month (subject to annual review).
Service Charge: £212.70 per month (subject to annual review).
Guideline Minimum Income: Dual - £27,400 | Single - £31,500 (based on minimum share and 10% deposit).
Council Tax: Band B, Milton Keynes City Council. Priority is given to applicants living and/or working in this local authority.

This property is offered for sale in the condition seen. The housing association does not warrant to carry out any remedial or redecoration work of a cosmetic nature unless specifically advised in writing. As a general rule, fitted domestic appliances are included in the sale; non-fitted appliances are not. If you require confirmation, you must request this in writing from Urban Moves. The information in this document supersedes any information given verbally either in person or by telephone. Pets not permitted (except assistance animals). There is no parking space offered with this property.

Key Features
  • Guideline Minimum Deposit £7,500
  • Guide Min Income Dual £27.4k | Single £31.5k
  • Second Floor (building has a lift)
  • Approx. 796 Sqft Gross Internal Area
  • Bathroom plus En-Suite Shower Room
  • Very Good Energy Efficiency Rating
  • Minutes from Bletchley Station
  • Shopping Centre and High Street Nearby
Particulars

Tenure: Leasehold
Council Tax Band: B

Property Downloads
Floor Plan Brochure
Bletchley (0.11 miles) Fenny Stratford (0.81 miles) Bow Brickhill (1.71 miles)
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Monthly Cost Calculator

The ‘Estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together, rent, service charge and mortgage.

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  • 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 costs for the property as a whole and communal areas
  • Mortgage: Share to Buy ltd are specialist Shared Ownership mortgage brokers and we use a database of daily updated mortgage rates to work out the lowest rate available for the deposit amount shown, and then generate an estimated monthly payment on a 25 year capital repayment basis.

NB: this mortgage estimate is not confirmation that you can obtain a mortgage and you will also need to satisfy the requirements of the relevant mortgage lender. Nor is this a guarantee that in practice you would be able to apply for such a rate, and nor is this a recommendation that the rate used would be the best product for you.

£75,000
Shared Ownership Resale
Estimated Monthly Cost:£890
Rent £298
Service £213
Mortgage £379

Share percentage 50%, full price £150,000, £7,500 Min Deposit. Calculated using a representative rate of 4.59%

Calculate estimated monthly costs

£
Disclaimer
This property is offered for sale in the condition seen. The housing association does not warrant to carry out any remedial or redecoration work of a cosmetic nature unless specifically advised in writing. As a general rule, fitted domestic appliances are included in the sale; non-fitted appliances are not. If you require confirmation, you must request this in writing from Urban Moves. The information in this document supersedes any information given verbally either in person or by telephone.