Shared Ownership
This superb modern home is available to buy from as little as £231,000 with a 70% share!
This beautifully presented top floor apartment offers bright and spacious accommodation and features a generous open plan kitchen, dining and reception room with direct access to a private balcony which benefits from a sunny aspect. There are two well proportioned double bedrooms, a modern family bathroom and useful built-in storage. The apartment also benefits from allocated gated parking.
Located in a sought-after location, the property enjoys easy access to a wide range of local amenities, whilst the picturesque surroundings of the River Wye and the nearby Chiltern Hills provide excellent opportunities for walking and outdoor recreation. The popular Eden Shopping Centre and High Wycombe town centre are also within easy reach, offering an extensive selection of retail, dining and entertainment options.
The property is ideally positioned for commuters, with excellent transport links close by. Junction 3 of the M40 is easily accessible, providing convenient routes to London, Oxford and the wider motorway network. High Wycombe railway station offers regular services to London Marylebone, while nearby Beaconsfield station provides an additional commuting option. Local bus services also connect the area with High Wycombe, Beaconsfield and surrounding Buckinghamshire towns.
PRICING & AFFORDABILITY
Full Market Value: £330,000
70% Share Price: £231,000 (rent £264.86pcm)
Minimum 5% Mortgage Deposit (70% share): £11,550
Approximate Service Charges: £70.19pcm*
Lease: 986 years remaining
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 £330,000 and a purchaser would not need to meet the eligibility criteria listed above.
