2 bedroom apartment for sale
22 Cornflower Drive, LU5 6RZ
Share percentage 40%, full price £230,000, £4,600 Min Deposit.
Share percentage 40%, full price £230,000, £4,600 Min Deposit
Monthly Cost: £968
Rent £322,
Service charge £134,
Mortgage £512*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
You may be eligible for this property if:
- You have a gross household income of no more than £80,000 per annum.
- You are unable to purchase a suitable home to meet your housing needs on the open market.
- You do not already own a home or you will have sold your current home before you purchase or rent.
Summary
Available Now! *2 bedroom ground floor apartment *40% share *Houghton Regis, Bedfordshire *Available to purchase through shared ownership
Description
This 2-bedroom ground floor apartment is situated in Houghton Regis, Bedfordshire and is available to purchase through the Shared Ownership scheme.
Full Market Value: £230,000
Share Available: £92,000
Monthly Rent: £321.91
Monthly Service Charge: £133.68
Remaining Lease Term: 121 years
About the Property
The home is comprised of:
An entrance hall
Kitchen
Lounge/Diner
Bedroom 1
Bedroom 2
Bathroom
About the Area
Houghton Regis is a market town and civil parish in Bedfordshire, East of England. The parish is located in Central Bedfordshire, and neighbours Dunstable. Houghton Regis has a great range of local amenities, including supermarkets such as Lidl and Morrisons, many pubs and restaurants, several primary and secondary schools, community centres and outdoor green spaces, and more.
Houghton Regis Town Council organises several regular free events every year. These include Pancake Race, Easter Egg Hunt, May Fayre, Carnival, Classic and Vintage Car Show, the latter replaced by Houghton Rocks from 2016 which included the Classic cars and a boot sale with fairground.
The Greenway and the route through Dunstable and Houghton Regis forms part of National Route 6 of the National Cycle Network. This provides walking and cycling routes between Milton Keynes, Luton and London. The Luton to Dunstable Busway guided bus system opened in 2013, proving bus rapid transit services from Houghton Regis to Luton Airport via Dunstable and Luton.
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. This property has a share available to purchase, and you will pay a subsidised rent on the remaining share, as displayed above. In the future you can purchase further shares in your home** or sell your share and move on.
*Properties are offered as leasehold.
**Some properties are restricted to the level of share you can purchase.
Disclaimer
The information provided by Domovo, the sales and marketing brand for bpha, is prepared as a general guide only and should not be relied upon as a basis to enter into a legal contract or to commit expenditure. All measurements are approximate. Floorplans are for illustration purposes only. Photographs/CGIs provided are for guidance only and may not reflect items included in the property sale. Any interested party is advised to check the measurements and to consult their own surveyor, solicitor and/or other professionals before committing themselves to any expenditure or other legal commitments.
Please note: Your home may be repossessed if you do not keep up repayments on your mortgage.
Key Features
- 40% Share Available
- 2 Bedrooms
- Allocated parking
- Excellent Location
- 5.5 to nearest train station with links to London
- 1 mile to Houghton Regis centre
- Great Local Amenities
- Gas Central Heating
Particulars
Tenure: Leasehold
Lease Length: 121 years
Council Tax Band: A
Property Downloads
Key Information Document Floor Plan Energy CertificateVirtual Tour
Map
Material Information
Total rooms:
Furnished: Enquire with provider
Washing Machine: Enquire with provider
Dishwasher: Enquire with provider
Fridge/Freezer: Enquire with provider
Parking: Yes - Allocated
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 40%, full price £230,000, £4,600 Min Deposit. Calculated using a representative rate of 5.03%
