2 bedroom apartment for sale
Cornwall Grove, Bletchley, Milton Keynes, MK3 7HU
Share percentage 60%, full price £200,000, £12,000 Min Deposit.
Share percentage 60%, full price £200,000
Monthly Cost: £933
Rent £218, Service charge £120, Mortgage £595*
Calculated using a representative rate of 4.42%
Calculate estimated monthly costs
Summary
A Fantastic Opportunity to Purchase a Two Bedroom Flat on a Shared Ownership (Part Buy/Part Rent) Basis
Description
This ground-floor flat is predominantly south facing and has a reception room with glazed door that opens onto a small area of lawn bounded by shrubs and hedgerow. The semi-open-plan kitchen is naturally lit and quite spacious. There is a good-sized main bedroom plus a smaller second bedroom, an attractive bathroom and a hallway storage/utility cupboard. Well insulated walls, double glazing and gas central heating make for a good energy-efficiency rating. The development has an additional area of communal lawn/garden to the rear and a car park which includes a space allocated to this flat. Alternatively, Bletchley Railway Station can be reached on foot, via bus or by brief cycle ride. Ofsted list two primaries and a secondary within a quarter-mile radius of Cornwall Grove, all three rated 'Good', plus there are several other well-thought-of schools in the surrounding area.
SHARED OWNERSHIP (Advertised price represents 60% share. Full market value £200,000).
INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [ https://tinyurl.com/4xdy8av6]
(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: Clarion.
Tenure: Leasehold (125 years from 23/03/2008).
Minimum Share: 60% (£120,000). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £217.65 per month (subject to annual review).
Service Charge: £120.04 per month (subject to annual review).
Guideline Minimum Income: Dual - £29,700 | Single - £35,000 (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.
Key Features
- Guideline Minimum Deposit £12,000
- Guide Min Income Dual £29.7k | Single £35k
- Ground Floor
- Approx. 563 Sqft Gross Internal Area
- Predominantly South Facing
- Semi-Open-Plan Kitchen/Reception Room
- Double Glazing and Gas Central Heating
- Parking Space
Particulars
Tenure: Leasehold
Council Tax Band: B
Property Downloads
Key Information Document Floor Plan BrochureThe ‘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 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.
Share percentage 60%, full price £200,000, £12,000 Min Deposit. Calculated using a representative rate of 4.42%
Calculate estimated monthly costs
