2 bedroom apartment for sale
Highgate House, Chequers Avenue, HP11 1GQ
Share percentage 50%, full price £295,000, £7,375 Min Deposit.
Share percentage 50%, full price £295,000, £7,375 Min Deposit.
Monthly Cost: £1,367
Rent £363,
Service charge £163,
Mortgage £841*
Calculated using a representative rate of 5.26%
Calculate estimated monthly costs
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 £295,000 and a purchaser would not need to meet the eligibility criteria listed above.
Summary
This superb modern home is available to buy from as little as £147,500 with a 50% share!
Description
Shared Ownership
This superb modern home is available to buy from as little as £147,500 with a 50% share!
A spacious and well-presented ground floor apartment on the skirts of High Wycombe town centre. There are two double bedrooms and an impressive 22ft open plan kitchen/living space with double doors opening on to a patio and enclosed garden. There is an allocated parking space with visitors permit parking also available. The property will be sold with an extended lease.
PRICING & AFFORDABILITY
Full Market Value: £295,000
50% Share Price: £147,500 (rent £362.65pcm)
Minimum 5% Mortgage Deposit (% share): £7,375
Approximate Service Charges: £163.32pcm*
Shared Ownership Lease: approx. 233 years
Council Tax Band: C
Key Features
Modern shared ownership home
Ground floor apartment
Doors to patio & garden
Two double bedrooms
Allocated parking
Extended Lease
Particulars
Tenure: Leasehold
Lease Length: 233 years
Council Tax Band: C
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 £295,000, £7,375 Min Deposit. Calculated using a representative rate of 5.26%