TENURE: To be advised
Viewings Now Available
Flat 5 is an attractive brand new, 2 bedroom, 2nd floor flat available now with Sage Housing through Shared Ownership. The property is located on Paul Newman's new build development, Milton Meadows in New Bradwell, Milton Keynes.
Comes with parking
Spacious living across 745sqft.
Large modern windows.
Flooring included throughout.
Howdens Greenwich Gloss range kitchen units.
Washer/ Dryer included.
Purchase today using a deposit of 5,625. This is based on a 5% deposit and purchasing the minimum 45% equity share available on this development (112,500) of the full market value which is 250,000. You will need a minimum 5% deposit (of the share value) for mortgage purposes, plus monies to pay solicitor fees, moving costs & furnishings.
Milton Meadows is a small vibrant mix of new homes in a welcoming yet tranquil cul de sac located within the village of New Bradwell. This charming setting is complemented further with superb views of The River Great Ouse and green meadows.
New Bradwell is a charming village on the North West part of Milton Keynes admired for its character with The Grand Union Canal passing through, its stories of "The Bradwell Blitz" and echoes of its Edwardian era beginnings still present with some local buildings built roughly 150 years ago. Locally there are a good selection of schools, shops and family friendly pubs. Whilst close by Milton Keynes provides everything your heart could desire in choice of bars, restaurants, shops and entertainment venues.
The village further boasts excellent transport links with its proximity to Wolverton Station at only 12 minutes walk away or 2 minutes by car. Travel times to the M1 Junction 14 are under 10 minutes and Luton Airport is a 40 min journey.
Architecturally designed the exterior of this attractive home makes a real statement of individuality. Built with large modern windows, the superior design utilises the space and light provided to create an abundance of comfort and style. The two bedrooms are spacious and of near equal size whilst the open plan kitchen/diner/living room creates an enjoyable living space to call home. The flat is further complemented by storage space and a family bathroom that incudes a bath. Externally there is 1 car parking space.
Pricing & Affordability:
The share options below are based on the full market value of 250,000
45% share 112,500 Rent 315.10
60% share 150,000 Rent 229.17
75% share 187,500 Rent 143.23
Estimated monthly service charge : 153.35
What is Shared Ownership?
The Shared Ownership scheme is a Part Buy, Part Rent way of owning your own home for a smaller up front payment. With Shared Ownership, you buy a share of your home using a mortgage from a bank or building society and pay a subsidised rent on the share you did not purchase. The combined mortgage and rent is usually less than you'd expect to pay if you bought a similar property outright.
At Milton Meadow, you can buy a minimum 45% share of your home (the maximum you can buy initially is 75%). When you're ready, you can buy more shares until you staircase to owning 100% of your home.
Taylors Estate Agents are selling the homes on Milton Meadow on behalf of Sage Housing. Sage Housing is a Registered Provider committed to providing high quality affordable homes across England. For more information on Sage Housing visit www.sagehousing.co.uk.
To be eligible for shared ownership you would need to meet the following criteria:
o Your household income does not exceed 80,000 (outside of London) and 90,000 (inside of London)
o You have a deposit of at least 5% of the share value
o You do not own another property or have your name on the deeds or a mortgage for a property worldwide.
o This will be your only residence.
o You are a permanent UK resident or have indefinite right to remain.
Please note the minimum share you can purchase can vary depending on your financial situation and you may be asked to purchase a larger share, should your personal circumstances permit.
Service charges are estimated and may subject to change.
These photos are for information purposes only and may not represent a true likeness for the units being sold. They may have been taken from earlier phases or similar developments/house types and digitally furnished to represent how the home could be laid out; the final colours/appearance/specification may differ from the images and are not plot specific.