2 bedroom apartment for sale
Balmoral House, Sierra Road, HP11 1GX
Share percentage 50%, full price £285,000, £7,125 Min Deposit.
Share percentage 50%, full price £285,000, £7,125 Min Deposit.
Monthly Cost: £1,345
Rent £326,
Service charge £225,
Mortgage £794*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
Summary
A 2 bed shared ownership property available in High Wycombe, Buckinghamshire
Description
Modern, bright & spacious two-bedroom apartment now available in High Wycombe through Shared Ownership.
The property comprises of a wide living room with private balcony, an open-plan fitted kitchen, and two large bedrooms. This could be ideal for a small family or a couple.
The flat is on the second (top) floor and it has allocated parking space as well as a communal garden area.
Available for £142,500 for 50% share based on the marketing figure of £285,000.
Monthly rent - £325.87
Monthly Service Charge - £225.30
Total Monthly Charge - £551.17 plus mortgage required for 50% share.
An annual rent increase takes place every April
LocationThe flat is located 1.5 miles from High Wycombe town center, close to the main road links of the M40. There are 7 schools within 1.1 miles. Nearest train stations are High
Wycombe (1.1 miles) and Beaconsfield (3.6 miles).
Thanks to its strategic location, the property has all local amenities nearby and travel to Central London is of about an hour (to Marylebone Station).
There are also plenty of green areas nearby, such as the Penn Jubilee Wood park and some golf parks nearby.
There are also schools for all levels close by.
EPC ratingEnergy rating band - C
Environmental impact band - B
Layout and dimensionsGross internal floor area: 68 m²
Living room & kitchen: 6.65 x 4.34 m
Balcony: 3.07 x 1.42 m
Bedroom 1: 4.37 x 2.41 m
Bedroom 2: 3.51 x 3.20 m
Lease informationYears remaining on lease: 87
In certain cases, the remaining length of the lease on a property can impact the availability of mortgages to prospective purchasers and the future saleability of the home. We recommend that you speak to your solicitor and your financial advisor to ensure that the lease length is suitable for your needs.
Key Features
- Two-bedroom apartment
- Private balcony
- Great transport links
- Allocated parking
- Available for 50% share
- 5% minimum deposit only
Particulars
Tenure: Not specified
Council Tax Band: Not specified
Property Downloads
Floor PlanMap
The ‘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 and repairs for communal areas within your development.
- Mortgage: Share to Buy use a database of mortgage rates to work out the rate likely to be available for the deposit amount shown, and then generate an estimated monthly plan on a 25 year capital repayment basis.
NB: This mortgage estimate is not confirmation that you can obtain a mortgage and you will need to satisfy the requirements of the relevant mortgage lender. This is not a guarantee that in practice you would be able to apply for such a rate, nor is this a recommendation that the rate used would be the best product for you.
Share percentage 50%, full price £285,000, £7,125 Min Deposit. Calculated using a representative rate of 5.03%
