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2 bedroom apartment for sale

Available

Johnson Drive, Leighton Buzzard, LU7 4AY

£107,500 · Shared Ownership Resale

Share percentage 50%, full price £215,000, £10,750 Min Deposit.

Available
2 bedrooms
£107,500 Shared Ownership Resale · Eligibility Eligibility

Share percentage 50%, full price £215,000, £10,750 Min Deposit.

Monthly Cost: £885
Rent £213, Service charge £127, Mortgage £545*

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 Leighton Buzzard

Description
Property reference number: 1639314
 
Johnson Drive is a two-bedroom property in Leighton Buzzard, located on the second floor in a three-storey block, built in 2012 and has an approximate size of 62 sq. meters.
 
Leighton Buzzard train station offers direct links to London, Milton Keynes and beyond. Local amenities such as the Leighton Buzzard Market foster a close-knit community feel, while the Sainsbury's Local on your doorstep provides quick easy access to everyday needs. Nearby open green spaces like Parsons Close Recreation Ground and Tiddenfoot Waterside Park offer a scenic break from the buzzing local town.

Nearest station: Leighton Buzzard
Nearest bus route: 43, 162

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: 87 years
Annual ground rent amount: £0
Ground rent review period: No ground rent to pay until final staircasing.
Annual service charge amount: £1,520.40
Service charge review period: Annually
Council tax band: B
 
*Financial information correct as of 31.05.2024
Particulars

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

Map
Leighton Buzzard (1.62 miles) Cheddington (3.41 miles) Bow Brickhill (7.12 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.

£107,500
Shared Ownership Resale
Estimated Monthly Cost:£885
Rent £213
Service Charge £127
Mortgage £545

Share percentage 50%, full price £215,000, £10,750 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.