Shared Ownership
This superb modern home is available to buy from as little as £155,000 with a 50% share!
This well proportioned semi detached home features a kitchen, useful downstairs W.C. and a spacious lounge o n the ground floor. Upstairs are two good sized bedrooms together with the family bathroom.
Situated in Lower Coxs Close, Cranfield, the property enjoys a convenient position within this popular Bedfordshire village. Cranfield offers a good selection of everyday amenities including local shops, schools, pubs and recreational facilities, while the well regarded Cranfield University is also nearby. For a wider range of shopping, leisure and entertainment facilities, both Bedford and Milton Keynes are within easy reach.
The location is well placed for commuters, with convenient road connections via the A421, providing access towards Bedford, Milton Keynes and the M1. M1 Junction 13 is readily accessible for journeys further afield, while rail services from nearby stations including Bedford and Milton Keynes provide connections towards London and other major destinations.
PRICING & AFFORDABILITY
Full Market Value: £310,000
50% Share Price: £155,000 (rent £403.48pcm)
Minimum 5% Mortgage Deposit (50% share): £7,750
Approximate Service Charges: £30.68 pcm*
Shared Ownership Lease: 119 years remaining
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.
conveniently located for commuting to nearby towns.
Council Tax Band C
