3 bedroom house for sale
47 Franklin Fields, , LU7 3SN
Share percentage 50%, full price £400,000, £10,000 Min Deposit.
Share percentage 50%, full price £400,000, £10,000 Min Deposit
Monthly Cost: £1,616
Rent £458,
Service charge £44,
Mortgage £1,114*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
- Your household income does not exceed £80,000 (outside of London) and £90,000 (inside of London)
- 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.
Summary
New build 3 bedroom house at the Hadley Grange, Clipstone Park development. The price advertised represents purchasing a 50% share of the home.
Description
New build 3 bedroom house at the Hadley Grange, Clipstone Park development. The price advertised represents purchasing a 50% share of the home.
About the Development
These Shared Ownership homes are situated in the ever-popular development of Clipstone Park, situated on the outskirts of Leighton Buzzard.
Each property is finished to a high standard throughout and boasts a modern stylish kitchen, contemporary bathroom suites and flooring.
About the Home
This new 3 bedroom house opens into the spacious Hallway. To one side you have the separate kitchen and to the other the stairs to the first floor, with storage cupboard and WC also leading off. The rear of the ground floor presents the lounge / dining area and door to garden.
Upstairs there are three bedrooms as well as the three piece bathroom with shower over bath, and a storage cupboard.
About the Area
With unrivalled access to the A5 and just a short distance to Junction 12 and 11a of the M1, you are only 10 miles away from Milton Keynes and a stone throw away from central Leighton Buzzard where you can find all of your usual town amenities including a number of shops, cafe’s, bars and restaurants.
Shared Ownership
The Shared Ownership scheme is a Part Buy, Part Rent way of owning your own home for a smaller upfront payment. With Shared Ownership, you buy a share of your home using a mortgage from a bank or building society and pay a subsidised rent on the share you did not purchase. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright. You can buy a minimum 50% share of your home (the maximum you can buy initially is 75%). When you’re ready, you can buy more shares until you staircase to owning 100% of your home.
T&Cs
*Service Charges will apply, speak to our Sales Agent for more information. Costs are subject to change.
Key Features
- NHBC Warranty
- Allocated parking
- Downstairs WC
- Good storage
- Separate kitchen
- Service charge applicable
Particulars
Tenure: Not specified
Council Tax Band: Not specified
Property Downloads
Floor Plan Energy CertificateMap
Material Information
Total rooms:
Furnished: Enquire with provider
Washing Machine: Enquire with provider
Dishwasher: Enquire with provider
Fridge/Freezer: Enquire with provider
Parking: n/a
Outside Space/Garden: n/a
Year property was built: Enquire with provider
Unit size: Enquire with provider
Accessible measures: Enquire with provider
Heating: Enquire with provider
Sewerage: Enquire with provider
Water: Enquire with provider
Electricity: Enquire with provider
Broadband: Enquire with provider
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 £400,000, £10,000 Min Deposit. Calculated using a representative rate of 5.03%
