Shared Ownership
This superb modern home is available to buy from as little as £107,000 with a 50% share!
Situated on Frenchs Avenue in Dunstable, this spacious two-bedroom third-floor apartment offers well-proportioned accommodation extending to approximately 751 sq ft, making it an ideal choice for first-time buyers and those looking to downsize.
The property features a generous open-plan kitchen/reception room, providing a comfortable space for both relaxing and dining, with a fitted kitchen offering ample storage and worktop space. There are two well-sized bedrooms, including a particularly spacious principal bedroom, alongside a modern bathroom with a shower.
Further benefits include an allocated parking space and a convenient location within easy reach of Dunstable town centre, offering a variety of shops, supermarkets, restaurants and everyday amenities. The property also benefits from access to nearby transport links, including the guided busway providing connections towards Luton and Luton Airport Parkway.
PRICING & AFFORDABILITY
Full Market Value: £214,000
50% Share Price: £107,000 (rent £313.25pcm)
Minimum 5% Mortgage Deposit (50% share): £5,350
Approximate Service Charges: £150.75pcm*
Lease: 89 years
ELIGIBILITY
Shared Ownership gives first time buyers and those that do not currently own a home the opportunity to purchase a share in a new build or resales leasehold property. The purchaser pays a mortgage on the share they own and pays rent to a housing association on the remaining share. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright although this is not a guarantee.
To be eligible for shared ownership you would need to meet the following criteria:
• Your annual household income does not exceed £80,000.
• You have a deposit of at least 5% of the share value
• You do not own another property or have your name on the deeds or a mortgage for a property worldwide.
• This will be your only residence.
• You are a permanent UK resident or have indefinite right to remain.
*Service charges are estimated and may subject to change. Rent and service charges will be reviewed annually by your housing provider, usually on 1st April each year.
** This home can also be purchased outright (100% of the value) which is £214,000 and a purchaser would not need to meet the eligibility criteria listed above.
Council Tax Band B
