Shared Ownership
This modern home is available to buy from as little as £130,000 with a 40% share.
Perfectly positioned on the edge of open countryside, offering both modern comfort and a tranquil rural setting is this two bedroom terrace.
This inviting home offers well proportioned living space. The ground floor features a spacious 25ft lounge/dining room, ideal for both relaxing and entertaining, with natural light streaming through the front and rear aspects, a modern kitchen and a cloakroom.
Upstairs, there are two generous double bedrooms and a family bathroom. Externally is allocated parking and an enclosed rear garden. The property also benefits from solar panels and a boarded loft space.
Located in the charming village of Cockernhoe, the property benefits from its proximity to beautiful open countryside, offering scenic walks, cycle routes, and a genuine sense of rural tranquillity. Despite the peaceful setting, essential amenities and schools are close by, making it a practical choice for families and professionals alike.
Elmtree Avenue enjoys excellent transport connections. Luton town centre and Luton Airport Parkway Station are both within easy reach, providing direct rail links to London St Pancras in under 40 minutes. For motorists, the M1 (Junction 10) and the A505 are easily accessible, ensuring straightforward connections to surrounding towns and beyond.
PRICING & AFFORDABILITY
Full Market Value: £325,000
40% Share Price: £130,000 (rent £478.57pcm)
Minimum 5% Mortgage Deposit (40% share): £6,500
Approximate Service Charges: £30.81 pcm*
Shared Ownership Lease: 85 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.
