Shared ownership is another way to buy your own home. You buy a percentage, and pay rent on the rest. The housing association owns part of it — but you’re living there, you decorate it, and you decide when to sell.

Buying a percentage means a smaller deposit and smaller mortgage. It’s a sooner first step on the ladder for lots of people. Usually, you can also carry on buying shares, to own it 100%.

Read more about Shared ownership (Opens in new window)

Ambridge Grove, Peartree Bridge, MK6 3PH, 2 bed homes


Ambridge Grove, Milton Keynes, Milton Keynes, MK6 3PH

Shared ownership

Starting prices

40% share from
£86,000
Full price
£215,000
Minimum deposit
£4,300
Monthly rent
£238
Monthly service charge
£10

Overview

The property has modern internal fittings and is in reasonable decorative order and is located in an area of mixed modern housing located on the south side of Milton Keynes, just under 2 miles from the city centre.

The current market value is £215,000 for 100%. The minimum 40% share available is priced at £86,000, current rent payable £238.27 pcm, rent is subject to annual reviews. Service charges are currently £9.50 pcm (as of the 01/04/2020)

Lease term – 74 years remaining.

Viewings by appointment only. Please contact the vendor to arrange – Vikki 07501 895811 or email vikseyc88@gmail.com

If you would like to apply after you have conducted a viewing, please email Danielle. head@optivo.org.uk or call 020 803 62838

Application forms need to be returned to Optivo by 31 March 2020

Please note though that if a high volume of applications is received, the deadline might be brought forward.


Local area information

The area in which the property is located provides a good range of local shops and schools and is situated close to the Grand Union Canal with a marina located close by. The area has good road communications to central Milton Keynes and to the motorway network at junction 13 of the M1 motorway.


Housing Provider

Optivo (Resales)
Shared ownership

Starting prices

40% share from
£86,000
Full price
£215,000
Minimum deposit
£4,300
Monthly rent
£238
Monthly service charge
£10