Available through a shared ownership resale, a modern ground floor, one-bedroom apartment situated in the sought-after area of Oakgrove.

  

Property description:

The property comprises of a bright secure communal entrance with phone entry system, small entry hallway with storage cupboard, bright open plan living/dining room area leading out to a balcony space, open plan modern fitted kitchen with stand-alone appliances, large double master bedroom and family bathroom with shower over bath.

 

The property also benefits from access to a communal garden along with off-street allocated parking within a gated car park.

 

Length of Lease: Approx. 119 Years

Council Tax Band: Milton Keynes Council – B

Gross Internal Area: 59m2

 

LOCAL AREA INFORMATION

• A quiet residential development with local shops within a short walking distance including; Waitrose, Metro Bank and a Coffee Shop.

• Less than a 10-minute drive to Milton Keynes Town centre which offers a wider variety of shops, restaurants, entertainment and other amenities.

• Nearby are lovely walks in the Ouzel Valley Park and neighbouring Willen Lake.

• An 8-minute drive to Milton Keynes Central Train Station which offers direct services to; London Euston, Manchester, Birmingham, Glasgow and Chester.

• The M1 is easily accessible providing quick links. 

 

FINANCIAL INFORMATION

Property Value = £205,000

Percentage Share = 50%

Share Price = £102,500

*Monthly Rent = £176.11

*Monthly Service Charge = £146.15

**Monthly Mortgage Payment = £513

***Annual Household Income = £28,000

 

*Please note the rent and service charge is reviewed annually 01 April.

** Based on a 90%, 25-year repayment mortgage with an interest rate at 4.5%.

***Is based on a 10% mortgage deposit.  If you have a higher deposit Hyde New Homes can discuss how the salary required is reduced (approximately every 5% extra deposit reduces the salary required by £1,200).

 

Your home may be at risk if you do not keep up your mortgage and rent repayments.  Particulars give a fair overall description of the property and are not intended to constitute an offer or form part of any contract.  Areas, distances or measurements referred to are approximate.  For confirmation of property details refer to the terms of the lease and plans from your solicitor.  Hyde New Homes Resale properties are sold as seen, photographs and details (excluding financial information) are provided by the leaseholder.  Please note that the Resales Team have not visited this property.

Contact us now to arrange a viewing:

Please call the Sales Team on 0345 606 1221 and provide the following information:

Your Contact Number/Email              

Your Hyde New Homes or Help to Buy reference number**

Your Deposit for the mortgage

If it is a Single/Joint application (if married it must be joint)

Your Current salary (single/Joint where applicable)

Do you have any children? If so, how many?

Do you own any pets? If so, what?

Are you a current homeowner?

**To obtain a Hyde New Homes Reference number, visit https://so.hydeform.co.uk/ to register and complete the online application.  A reference number will be emailed to you once the application is completed. 

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