Shared Ownership
This superb modern home is available to buy from as little as £69,000 with a 30% share!
Located within the popular Kidman Court development, this considerably larger than average, well-presented second-floor apartment offers bright and spacious accommodation in a convenient position close to the centre of Biggleswade.
The property features a generous reception room, providing a comfortable space for both living and dining. A separate kitchen sits just off the main hallway and is fitted with a range of units and work surfaces, offering a practical layout for everyday cooking.
There are two good-sized bedrooms, both offering ample space for furnishings and storage. The apartment is served by a family bathroom fitted with a bath, wash basin and WC.
The layout is arranged around a central hallway, creating a practical flow throughout the home with additional storage space. Outside, there is plenty of parking for residents and their visitors.
Kidman Court is well positioned for access to Biggleswade town centre, where a range of shops, cafés and local amenities can be found. Biggleswade railway station is also within easy reach, providing direct rail links to London, making the property ideal for commuters.
This apartment would make an excellent purchase a first time buyer or somebody downsizing and is offered to the market with no onward chain complications.
PRICING & AFFORDABILITY
Full Market Value: £230,000
30% Share Price: £69,000 (rent £314.12 pcm)
Minimum 5% Mortgage Deposit (% share): £3,450
Approximate Service Charges: £74.68 pcm*
Lease: 86 years
ELIGIBILITY
Shared Ownership gives first time buyers and those that do not currently own a home the opportunity to purchase a share in a new build or resales leasehold property. The purchaser pays a mortgage on the share they own and pays rent to a housing association on the remaining share. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright although this is not a guarantee.
To be eligible for shared ownership you would need to meet the following criteria:
• Your annual household income does not exceed £80,000
• You have a deposit of at least 5% of the share value
• You do not own another property or have your name on the deeds or a mortgage for a property worldwide.
• This will be your only residence.
• You are a permanent UK resident or have indefinite right to remain.
*Service charges are estimated and may subject to change. Rent and service charges will be reviewed annually by your housing provider, usually on 1st April each year.
** This home can also be purchased outright (100% of the value) which is £230,000 and a purchaser would not need to meet the eligibility criteria listed above.
