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2 bedroom apartment for sale

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Stephenson House, Wetherburn Court, Bletchley, MK2 2AF

£41,250 · Shared Ownership Resale

Share percentage 25%, full price £165,000, £4,125 Min Deposit.

Available
2 bedrooms
2 Bathrooms
Floor plan
floor-plan
Floor plan
floor-plan
£41,250 Shared Ownership Resale

Share percentage 25%, full price £165,000, £4,125 Min Deposit

Monthly Cost: £791
Rent £370, Service charge £213, Mortgage £208*

Calculated using a representative rate of 4.59%

Calculate estimated monthly costs

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Summary

A Fantastic Opportunity to Purchase a Two Bedroom Flat on a Shared Ownership (Part Buy/Part Rent) Basis

Description

A generously-proportioned and smartly-presented flat on the first floor of a converted office building. The property has a twenty-six-foot reception room with attractive flooring and open-plan kitchen area. There is a main bedroom with en-suite shower room plus a second, very similar-sized, double bedroom. Both bedrooms include a fitted wardrobe. Built-in storage/utility cupboards have been provided in the entrance hallway and the energy-efficiency rating is good, thanks to well insulated walls, double glazed windows and gas central heating. Stephenson House is very close to the Brunel Shopping Centre and there is a wide range of other shops in the local area. Bletchley Station is just minutes away and offers rail services to London Euston, Birmingham New Street, Bedford and Milton Keynes Central.

SHARED OWNERSHIP (Advertised price represents 25% share. Full market value £165,000).

INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [ https://tinyurl.com/5c3jakw4]

(Please note the minimum income and deposit requirements for eligibility. You do not need to request a viewing separately once you have completed the application form.)

Housing Association: A2Dominion.
Tenure: Leasehold (125 years from 01/01/2006).
Minimum Share: 25% (£41,250). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £370.02 per month (subject to annual review).
Service Charge: £212.70 per month (subject to annual review).
Guideline Minimum Income: Dual - £24,100 | Single - £26,600 (based on minimum share and 10% deposit).
Council Tax: Band B, Milton Keynes City Council. Priority is given to applicants living and/or working in this local authority.

This property is offered for sale in the condition seen. The housing association does not warrant to carry out any remedial or redecoration work of a cosmetic nature unless specifically advised in writing. As a general rule, fitted domestic appliances are included in the sale; non-fitted appliances are not. If you require confirmation, you must request this in writing from Urban Moves. The information in this document supersedes any information given verbally either in person or by telephone. Pets not permitted (except assistance animals). There is no parking space offered with this property.

Key Features
  • Guideline Minimum Deposit £4,125
  • Guide Min Income Dual £24.1k | Single £26.6k
  • First Floor (building has a lift)
  • Approx. 829 Sqft Gross Internal Area
  • Bathroom and En-Suite Shower Room
  • Double Glazing and Gas Central Heating
  • Minutes from Bletchley Station
  • Shopping Centre and High Street Nearby
Particulars

Tenure: Leasehold
Lease Length: 105 years
Council Tax Band: B

Property Downloads
Floor Plan Brochure
Map
Bletchley (0.11 miles) Fenny Stratford (0.81 miles) Bow Brickhill (1.71 miles)
Material Information

Total rooms:

Furnished: Enquire with provider

Washing Machine: Enquire with provider

Dishwasher: Enquire with provider

Fridge/Freezer: Enquire with provider

Parking: No

Outside Space/Garden: No

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

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.

£41,250
Shared Ownership Resale
Estimated Monthly Cost:£791
Rent £370
Service Charge £213
Mortgage £208

Share percentage 25%, full price £165,000, £4,125 Min Deposit. Calculated using a representative rate of 4.59%


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.