1 bedroom apartment for sale
George Avenue, MK17 8WH
Share percentage 30%, full price £310,000, £9,300 Min Deposit.
Share percentage 30%, full price £310,000, £9,300 Min Deposit
Monthly Cost: £1,068
Rent £406,
Service charge £192,
Mortgage £470*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
Summary
Ground floor apartment at Glebe Farm
Description
SHARED OWNERSHIP
Full market value - £210,000
You pay (30%) - £63,000
Monthly rent - £406.44
Monthly service charge - £192.33
Annual ground rent - £100
Council Tax Band: A
250 year lease commenced February 2022 - 246 years remaining
Enter this dual aspect east/west facing apartment via a spacious hallway with large storage cupboard and find the double bedroom to your right, which includes built in morrored wardrobe. The hallway takes you into into the spacious open plan living area with door to a front patio. A contemporary family bathroom completes the accommodation , which comes with allocated parking.
The village of Glebe Farm, close to the large bustling town of Milton Keynes, is the perfect location for those looking to live in a quieter area, yet still desire an abundance of activities at their fingertips. There are a variety of shops, pubs and restaurants nearby. Milton Keynes provides Midsummer Boulevard which has some of the best shopping in town, as well as a theatre and Xscape leisure centre.
Woburn Sands mainline station is a 5 minute drive away, offering services to Bedford, and for drivers the M1 offers links to the North and South. Milton Keynes Central station also serves destinations across the country including London Euston, with journeys taking just over 30 minutes plus trains to Manchester, Leeds and Birmingham.
The buyer will require a deposit to obtain a mortgage for this property.
To meet the requirements for this property we require as a guideline, a minimum household income of £30,030. If you are offered the property, your ability to afford this property will be assessed at your financial interview. Please note that applicants should purchase the maximum share that they can afford and sustain.
Only applicants who are registered with London and Quadrant will be eligible to be offered a property in one of our schemes. If you are not registered, please visit our website lqhomes.com and register to obtain your unique reference number.
Your home is at risk if you fail to keep up repayments on a mortgage, rent or other loan secured on it. Please make sure you can afford the repayments before you take out a mortgage.
These particulars are of opinion only, are intended to give a fair description and do not form the basis of a contract. The descriptions and all other information are believed to be correct as at April 2025.
Key Features
- Good location
- Ample storage
- Integrated appliances
- Long lease
Particulars
Tenure: Leasehold
Lease Length: 246 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: 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 30%, full price £310,000, £9,300 Min Deposit. Calculated using a representative rate of 4.59%
