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2 bedroom apartment for sale

Available

Riddy Walk, Kempston, MK42 7GL

£109,200 · Shared Ownership Resale

Share percentage 56%, full price £195,000, £10,920 Min Deposit.

Available
2 bedrooms
Floor plan
floor-plan
Floor plan
floor-plan
£109,200 Shared Ownership Resale · Eligibility Eligibility

Share percentage 56%, full price £195,000, £10,920 Min Deposit.

Monthly Cost: £816
Rent £177, Service charge £88, Mortgage £551*

Calculated using a representative rate of 4.59%

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Eligibility
You must be at least 18 years old. Your annual household income must be less than £80,000. You are unable to purchase a suitable home to meet your housing needs on the open market. You should generally be a first-time buyer. If you already own a property, you must be in the process of selling or have already sold it before you can apply. Please note that applicants will be expected to purchase the maximum share that is sustainable for them.
Summary

A fantastic 1-bedroom apartment with a private garden available now in Kempston.

Description
Property reference number: 1639537
 
This fantastic one-bedroom apartment is ideally located in the heart of Kempston, offering both convenience and comfort. With Kempton Hardwick Station just a 5-minute drive away and Bedford Station only 11 minutes by car, you’ll enjoy direct rail links to London in under an hour, perfect for commuters and those seeking easy access to the capital. 
 
Take advantage for local amenities including restaurants, cafes and bars. For everyday essentials, you’ll be well-catered for with a Lidl just a 5-minute walk away, a Sainsbury’s a 3-minute drive away, and both Morrisons and Aldi just a 9-minute drive from your doorstep.
 
If you enjoy spending time outdoors, there are plenty of green spaces to explore. The Spinney, a peaceful area just 0.2 miles away, offers a quiet retreat, while Ridgeway Woods, a beautiful natural space, is only a 17-minute walk from your front door, perfect for relaxing walks or enjoying nature.
 
Nearest stations: Kempston Hardwick Station (1.4 miles), Bedford Station (2.3 miles)
Bus routes nearby: 68, C1, 22A, A2
 
Key features:
- Private garden
- Secure bike storage
- Open plan living space
- Allocated parking 
 
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 [email protected] 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: 89 years 
Annual ground rent amount: £0
Ground rent review period: Applicable on final staircasing
Annual service charge amount: £1,053.72
Service charge review period: Annually 
Council tax band: A
*Financial information correct as of 06/11/2024  
Particulars

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

Property Downloads
Floor Plan Energy Certificate
Map
Kempston Hardwick (1.41 miles) Bedford Station (2.30 miles) Bedford St Johns (2.40 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.

£109,200
Shared Ownership Resale
Estimated Monthly Cost:£816
Rent £177
Service Charge £88
Mortgage £551

Share percentage 56%, full price £195,000, £10,920 Min Deposit. Calculated using a representative rate of 4.59%

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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.