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%.

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Fortran House, 2 bed homes


8 Ada Walk, Milton Keynes, Milton Keynes, MK10 9RY

Shared ownership

Starting prices

40% share from
£106,000
Full price
£265,000
Minimum deposit
£10,600
Monthly rent
£216
Monthly service charge
£226

Overview

Property description:

The property comprises; secure communal entrance, private entrance hallway with phone entry system, light and airy dual aspect living/dining room with access to a large private terrace, kitchen with integrated oven and hob, master bedroom with en-suite shower room, second bedroom and family bathroom. The property also benefits from communal gardens and communal car park.

Length of Lease: Approx. 119 Years

Gross Internal Area: 63 Sqm

 FINANCIAL INFORMATION

 Property Value = £265,000

 Percentage Share = 40%

 Share Price = £106,000

 Monthly Rent = £215.53

 Monthly Service Charge = £226.09

 Monthly Mortgage Payment* = £530.00*

 Household Income Required = £34,000

 


Local area information

• A quiet residential development with local shops & amenities within walking distance including; supermarket, bank and a coffee shop

• 3.7 miles from Milton Keynes Town Centre which offers a wider variety of shops, restaurants, entertainment and other amenities

• 2.5 miles from Milton Keynes Central Train Station which offers direct services to; London Euston, Manchester, Birmingham, Glasgow & Chester

• The M1 is easily accessible

 


Housing Provider

Hyde New Homes
Shared ownership

Starting prices

40% share from
£106,000
Full price
£265,000
Minimum deposit
£10,600
Monthly rent
£216
Monthly service charge
£226