Shared Ownership
This superb modern home is available to buy from as little as £116,000 with a 40% share!
Set within a modern residential development in the popular village of Marston Moretaine, this well-presented home offers stylish, low-maintenance living.
The ground floor isThea ccommodation features an open plan lounge/diner with a kicthen, ground floor cloakroom, two double bedrooms and a bathroom. To the rear is a private garden and at the front there is side by side driveway parking for two cars.
Marston Moretaine is a well connected and growing village that offers an excellent balance of countryside surroundings and everyday convenience. The property is within easy reach of local shops, cafés, takeaways and essential services, while nearby larger supermarkets and retail options can be found in surrounding towns. The village also benefits from green open spaces, walking routes and leisure facilities.
For commuters, the location is particularly practical, with good road access to the A421 linking to the M1, Milton Keynes and Bedford. Rail services are available from nearby stations including Lidlington and Millbrook, while Bedford station provides fast connections into London. Regular bus routes also serve the area, helping to make this a convenient base for travel across Bedfordshire and beyond.
PRICING & AFFORDABILITY
Full Market Value: £290,000
40% Share Price: £116,000 (rent £473.52 pcm)
Minimum 5% Mortgage Deposit (40% share): £5,800
Approximate Service Charges: £25.81 pcm*
Lease: 92 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 for40 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.
Council Tax Band C
