2 bedroom apartment for sale
Hanwell Place, MK41 7FR
Share percentage 40%, full price £203,700, £4,074 Min Deposit.
Share percentage 40%, full price £203,700, £4,074 Min Deposit
Monthly Cost: £902
Rent £323,
Service charge £125,
Mortgage £454*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
Summary
Available Now! *2-bedroom first floor apartment *40% share *Bedford, Bedfordshire *Available to purchase through shared ownership
Description
This 2-bedroom first floor apartment is situated in Bedford, Bedfordshire and is available to purchase through the Shared Ownership scheme.
Full Market Value: £203,700
Share Available: 40%
Monthly Rent: £323.25
Monthly Service Charge: £124.58
Remaining Lease Term: 82 years
About the Property
The home is comprised of:
- An entrance hall
- Living room/Kitchen/Diner
- Bedroom 1
- Bedroom 2
- Bathroom
About the Area
Bedford is the county town of Bedfordshire, England. The town has a population of around 80,000, and boasts an array of shops, pubs and leisure facilities; all in close proximity to this property! Also nearby is the beautiful River Ouse, popular for leisurely walks along it’s picture-postcard embankment. This property location is ideal if you work in the town centre or want to be within easy reach of everything Bedford has to offer.
Bedford is on the Midland Main Line, with stopping services to London and Brighton operated by Thameslink, and express services to London and the East Midlands operated by East Midlands Trains. Trains are available from Bedford Train Station to London St Pancras in approximately 38 minutes.
Beyond the town boundaries, the re-aligned A6 and the A421 Bedford southern bypass provide quick links from Wixams to the region’s major commuter routes, including the M1 and A1, while those travelling further afield will appreciate that Luton Airport is just a 30-minute drive away.
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
- 3.5 miles to Bedford train station with links to London
- 3 miles to Bedford
- Great Local Amenities
- Gas Central Heating
Particulars
Tenure: Leasehold
Lease Length: 82 years
Council Tax Band: B
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: 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 40%, full price £203,700, £4,074 Min Deposit. Calculated using a representative rate of 5.03%
