Plot 851 is an attractive four bedroom detached home available now with Sage Housing through Shared Ownership. The property is located on Taylor Wimpey's new build development, The Leys at Willow Park in Newton Leys in Milton Keynes, Buckinghamshire.
o 2 parking spaces
o Turfed rear garden
o Flooring throughout
o En-suite in Master bedroom
Purchase today using a deposit of 9,225. This is based on a 5% deposit and purchasing the minimum 45% equity share available on this development (184,500) of the full market value which is 410,000. You will need a minimum 5% deposit (of the share value) for mortgage purposes, plus monies to pay solicitor fees, moving costs & furnishings.
The Leys at Willow Park is a popular development catering for all but a firm favourite especially amongst growing families. Known and admired locally as a welcoming community within Newton Leys. The development boasts a variety of amenities as well as views across Willow Lake and is well positioned to offer stress free commuting to Milton Keynes and its surrounding areas. For those wishing to travel into London the development is located just 9 miles from the M1 and 15min from Milton Keynes train station, with both offering excellent links into the capital.
Newton Leys is ideally situated close by to Milton Keynes with its array of dining options, family -entertainment, bars and shops. Whilst bordered by affluent villages Stoke Hammond and Newton Longville which offer more of a country setting with picturesque Buckinghamshire countryside walks and quaint shops to visit. Locally there is also a range of good performing schools to choose from.
Built to a well thought out design that utilises the space and light provided to create an abundance of comfort and style. Those entering the property are greeted to an inviting hallway that organically flows to the main delight of the property; an open plan modern kitchen and dining room that has French doors leading to the garden. Downstairs is also complemented by a good sized lounge, study and a WC. Upon venturing upstairs you will find a master bedroom with good lighting and including an en-suite as well as three further bedrooms and a family bathroom. This delightful home is able to be enjoyed further with its generous turfed rear garden, garage and 2 parking spaces
Pricing & Affordability:
The share options below are based on the full market value of 410,000
45% share 184,500 Rent 516.77
60% share 246,000 Rent 375.83
75% share 307,500 Rent 234.90
Estimated monthly service charge :
There will be a monthly service charge and the costing will be confirmed very soon.
What is Shared Ownership?
The Shared Ownership scheme is a Part Buy, Part Rent way of owning your own home for a smaller up front payment. With Shared Ownership, you buy a share of your home using a mortgage from a bank or building society and pay a subsidised rent on the share you did not purchase. The combined mortgage and rent is usually less than you'd expect to pay if you bought a similar property outright.
At The Leys at Willow Park, you can buy a minimum 45% share of your home (the maximum you can buy initially is 75%). When you're ready, you can buy more shares until you staircase to owning 100% of your home.
Wilson Peacock Estate Agents are selling the homes on The Leys at Willow Park on behalf of Sage Housing. Sage Housing is a Registered Provider committed to providing high quality affordable homes across England. For more information on Sage Housing visit www.sagehousing.co.uk.
To be eligible for shared ownership you would need to meet the following criteria:
o Your household income does not exceed 80,000 (outside of London) and 90,000 (inside of London)
o You have a deposit of at least 5% of the share value
o You do not own another property or have your name on the deeds or a mortgage for a property worldwide.
o This will be your only residence.
o You are a permanent UK resident or have indefinite right to remain.
Please note the minimum share you can purchase can vary depending on your financial situation and you may be asked to purchase a larger share, should your personal circumstances permit.
Service charges are estimated and may subject to change.
These photos are for information purposes only and may not represent a true likeness for the units being sold. They may have been taken from earlier phases or similar developments/house types and digitally furnished to represent how the home could be laid out; the final colours/appearance/specification may differ from the images and are not plot specific.