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2 bedroom apartment for sale

Available

Sidings Way, Dunstable, LU6 1GQ

£110,000 · Shared Ownership Resale

Share percentage 50%, full price £220,000, £11,000 Min Deposit.

Available
2 bedrooms
Floor plan
floor-plan
Floor plan
floor-plan
£110,000 Shared Ownership Resale · Eligibility Eligibility

Share percentage 50%, full price £220,000, £11,000 Min Deposit.

Monthly Cost: £977
Rent £276, Service charge £143, Mortgage £558*

Calculated using a representative rate of 4.64%

Calculate estimated monthly costs

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Eligibility
You may be eligible for this property if: You are at least 18 years old, Your annual household income is less than £90,000, You are unable to purchase a suitable home to meet your housing needs on the open market, You do not already own a property or you are in the process of selling your property.
Summary

A fantastic 2-bedroom apartment with parking in Dunstable

Description
Property reference number: 1639311
 
Sidings Way is a two-bedroom property in Dunstable, located on the first floor in a three-storey block, built in 2019 and has an approximate size of 73 sq. meters.

The property is a short ride from the scenic Dunstable Downs and Whipsnade Zoo and outdoor enthusiasts will find plenty to explore. The nearby Quadrant Shopping Centre offers a variety of shops and dining options.
 
Families will appreciate the proximity to top-rated schools and healthcare facilities. Excellent transport links to London via the M1 motorway and Luton Airport Parkway train station make commuting easy and convenient. 
 
Key features
 
Open plan kitchen
Integrated kitchen appliances
Parking space
 
What happens after I register my interest?
 
You will receive an email confirmation that will confirm next steps including how to book a viewing, completing a financial assessment with a mortgage advisor and completing a Shared Ownership Application Form.
 
If you don’t receive this email within an hour of your registration, please check your spam or junk folders and set your spam filter to allow incoming emails from Peabody. If you still haven’t received the email, please contact enquiries@peabodynewhomes.co.uk  and our team will be able to help you.
 
What is Resale Shared Ownership?
 
Through Shared Ownership you can buy up to 75% of the property, paying a low-cost rent on the remaining unpurchased 'share' of the home. What's more, your mortgage deposit is based on the value of the share you buy, not the full market value, making these homes even more affordable than buying through private sale. With resale properties, you must purchase your first share at the percentage the existing leaseholder owns or more. 
 
Financial information

Tenure: Leasehold
Remaining lease term: 120 years
Annual ground rent amount: £100
Ground rent review period: 12 years
Annual service charge amount: £1,718.16
Service charge review period: Annually
Council tax band: C
 
*Financial information correct as of 22.05.2024
Particulars

Tenure: Leasehold
Lease Length: No lease length specified. Please contact provider.
Council Tax Band: C

Property Downloads
Floor Plan
Map
Leagrave (3.10 miles) Luton (4.93 miles) Harlington (4.97 miles)
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Monthly Cost Calculator

The ‘estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together: rent, service charge and mortgage.

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  • 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.

£110,000
Shared Ownership Resale
Estimated Monthly Cost:£977
Rent £276
Service Charge £143
Mortgage £558

Share percentage 50%, full price £220,000, £11,000 Min Deposit. Calculated using a representative rate of 4.64%

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Disclaimer
The information displayed about this property comprises a property advertisement. Share to Buy ltd makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Share to Buy has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by the sponsoring housing association. Please contact the housing association or estate agent directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007.