Share percentage 40%, full price £265,000, £5,300 Min Deposit.
Monthly Cost: £1,000
Rent £364,
Service charge £32,
Mortgage £604*
Calculated using a representative rate of 5.26%
Calculate estimated monthly costs
Summary
AVAILABLE NOW - A selection of two bedroom semi detached houses at the Coppice Hill development in Houghton Regis, Bedfordshire
Description
Built by Countryside and offered for Shared Ownership sale through Domovo, we have a selection of two bedroom semi-detached houses at the popular Coppice Hill development in Houghton Regis, Bedfordshire.
Handily placed between Milton Keynes and London, with Luton on the doorstep, Coppice Hill consists of superbly designed family homes in a beautiful countryside setting.
Life at Coppice Hill offers an incredible opportunity to live in a village setting with an abundance of facilities on your doorstep. Situated minutes from the M1, Houghton Regis offers easy access to some of the country's beautiful towns, cities and countryside.
About the property
A two bedroom semi-detached house includes the following features:
- A high specification kitchen with built in oven, hob & extractor hood
- Flooring provided throughout
- Gas central heating
- Private garden
- Parking for 2 cars
Initial shares available to purchase between 25%-75%* (*Your application will be affordability assessed to determine what share you can afford to buy).
**Shares offered are based on business need.
Price shown is for a 40% share (Based on a full market value of £265,000)
*CGI - Guide Only (House type only - not plot specific)
*Service charge - £31.74 per month (Estimate only)
Shared Ownership, how does it work?
If buying a home seems out of reach, Shared Ownership* could be the answer and offers a great alternative to renting. Initial shares of between 25% and 75%** of our properties are available, you will pay a subsidised rent on the remaining share.
In the future you can purchase further shares in your home*** or sell your share and move on.
*Properties are offered as leasehold, with a lease term of up to 125 years.
** Shares offered are based on business need.
***Some properties are restricted to the level of share you can purchase.
Please note: Your home may be repossessed if you do not keep up repayments on your mortgage.
Key Features
High specification kitchen with built in oven, hob & extractor hood
Flooring provided throughout
Gas central heating
Private garden
Parking for 2 cars
Particulars
Tenure: Leasehold
Lease Length: 123 years
Council Tax Band: New build - Council tax band to be determined
Property Downloads
Key Information Document Floor Plan Brochure Energy CertificateMap
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 40%, full price £265,000, £5,300 Min Deposit. Calculated using a representative rate of 5.26%
