2 bedroom maisonette for sale

£140,000

2

Bedrooms

2

Bathrooms

Floorplan

Property Ref: 14771

THE PROPERTY IS OFFERED ON A POPULAR SHARED OWNERSHIP SCHEME AT 50% AT THIS PURCHASE PRICE OR 100% TO OWN THE WHOLE PROPERTY.
IF YOU WISH TO PURCHASE THE WHOLE PROPERTY I.E. 100% RATHER THAN 50% SHARED OWNERSHIP THE PURCHASE PRICE IS: 280000.

VERY WELL PRESENTED AND STYLISH TWO DOUBLE BEDROOM MAISONETTE WITH FANTASTIC OPEN PLAN LIVING FEATURING VAULTED CEILING AND EN-SUITE TO MASTER SITUATED IN A CUL-DE-SAC AT THE END OF A QUIET LANE.

This property offers the benefit of countryside walks on your doorstep but still within easy reach of the amenities offered by Milton Keynes.

The accommodation comprises an entrance hall with stairs rising to the first floor. The superb open plan living gives a sense of even more space through a vaulted ceiling and offers a refitted kitchen with built-in appliances, marble worktop with bespoke 'tear drop' shaped breakfast bar end.

Through the inner lobby leading to the spacious master bedroom with refitted en-suite, bedroom two with a Sharp fitted wardrobe, and a stylish bathroom with charcoal slate tiles throughout.

The property further benefits from wooden flooring throughout most of the maisonette, both bathrooms fitted with designer countertop wash hand basins and waterfall taps.

Externally, there is allocated off-road parking with visitor parking bays and a communal garden.

Location: Great Linford - situated to the North East of Milton Keynes on the banks of the Grand Union Canal. The old village was carefully preserved, areas of public open space were left around it, and the existing country lanes became bridleways and footpaths. Great Linford Manor Park and Water Gardens are a two-minute walk away. The innovative Arts Centre is a five-minute walk away, where you can try out a variety of crafts such as pottery and jewelry design. Three pubs/ restaurants are five to ten minutes walk away. One of which is the idyllic traditional thatched roof Nags Head.

Milton Keynes Train Station serves London Euston in approximately 35 minutes and is within a 10-minute drive.

' Note: Please check the Guinness Partnership website to see if you are eligible.'

Property ownership information

Property Type: Maisonette
Full selling price: 280000.00
Pricing Options: Shared ownership
Tenure: Leasehold
Percentage to be sold: 50%
Share price: 140000.00
Monthly rent based on 50% share: 423.38
Remaining lease (In Years): 104
Yearly Ground Rent Cost: 5080.56
Yearly Management Cost: 876.00
Council tax band: B
EPC rating: E
Measurement: Bedrooms, Bathrooms and Living room
Outside Space: Communal Garden
Parking: Allocated
Heating Type: Gas Central Heating
Chain Sale or Chain Free: Chain-Free
Possession of the property: Occupied

For viewing arrangement, please get in touch with 99home.



If calling, please quote reference: 14771


GDPR: Applying for the above property means you are giving us permission to pass your details to the vendor or landlord for further communication related to viewing arrangement or more property-related information.
'Virtual viewings: Some or all information pertaining to this property may have been provided solely by the vendor/landlord, and although we always make every effort to verify the information provided to us, we strongly advise you to make further enquiries before continuing. If you choose to make an offer based solely on a virtual viewing, then 99Home Ltd does not accept any liability for errors in the information provided, including but not limited to, measurements, photography and video content.

AML: To comply with government Money Laundering Regulations 2019, we are required to confirm the identity of all prospective buyers. We use the services of a third party, AMLTeam.co.uk , who will contact you directly at an agreed time to do this. They will need the full name, date of birth and current address of all buyers. There is a nominal charge of 20 per buyer, payable direct to AMLTeam . Please note, we are unable to issue a memorandum of sale until the checks are complete.
REFERRAL FEES We may suggest reputable providers of supplementary services, such as Conveyancing, Financial Services, Insurance, and Surveying. If you choose to utilize their services based on our recommendation, we may receive a commission payment or another form of benefit, referred to as a referral fee. Its important to note that you are not obligated to engage with the services of the recommended provider.

'Measurements: These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering any household goods, carpets or any built-in furniture.
'General: While we endeavor to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact 99home and we will be pleased to check the detailing for you, especially if you are contemplating traveling some distance to view the property.
'99home is the sellers agent for this property. Your conveyancer is legally responsible for ensuring any purchase agreement fully protects your position. We make detailed enquiries of the seller to ensure the information provided is as accurate as possible. Please inform us if you become aware of any information being inaccurate.


Fraud warning: We have had reports of fraudulent activities in our industry. DO NOT make any payment directly to the landlord or the seller. Be cautious of emails or messages asking you to transfer funds to any account, please contact us by telephone immediately to verify the authenticity of the communication and under NO circumstances action the request. If you paid any deposit or rent to 99home, we will release the fund to the landlord once you have moved in. Your safety is our top priority.

Mortgage Calculator

Your property may be repossessed if you do not keep up repayments on your mortgage.

Monthly Payment: £ 8,216.87

Monthly Payment: £ 8,216.87

Monthly Payment: £ 8,216.87

Amortization For Monthly Payment: £8,216.87 over 30 years ( Based on 3.20% Interest )

Return on Investment

£
£
£
£

Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.

Mortgage Required

£ 111200

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

£

Cumulative Rental Profit

£

Cost of Purchase

£
  • Stamp Duty
    £

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 3500
  • Survey Costs
    £ 400
  • Mortgage Fees
    £ 1,000

    Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Legal Fees
    £ 1,300

Adjust these figures

£

The refurbishment budget is set to 2.50% of the purchase price, but this will vary dependent on the suitability of the property for the rental market. Select a value that you feel is appropriate to the condition of the property.

£

This will vary between lenders, type of report and whether or not you are buying with a mortgage, for advice on which type of survey would be appropriate speak with an advisor from Preston Baker Financial Services.

£

Lenders will often charge a fees for the arrangement of a mortgage, for advice on what lenders may charge, speak with an advisor from Preston Baker Financial Services. Your home may be repossessed if you do not keep up repayments on your mortgage.

£

This is the sum of mortgage admin, land registry, search, bank transfer and any other fees incurred.

Purchase costs include assumed mortgage and survey costs which are estimated. For a quote contact a Preston Baker Financial Services mortgage advisor who can provide you with current and accurate information. The stamp duty calculation has applid the 3% stamp duty surcharge on the basis that this will be a second property.

Annual Costs

£ 6200
  • Mortgage Interest
    £

    The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Letting and Management Costs (Inc VAT)
    £
  • Letting Fee
    £
  • Maintenance
    £
  • Insurance
    £ 500
  • Ground Rent
    £ 0
  • Service Charge
    £ 0

Adjust these figures

  %
  %
£
  %

This is the percentage of the rent that you will spend maintaining the property.

£

Ground Rent only applies to leasehold properties. This is an assumed ground rent, the confirmed figure can be found in the Property Information Questionnaire.

£

Service charge only applies to leasehold properties. The correct figure can found in the Property Information Questionnaire answered by the seller.

£

This is a standard, indicative figure only. Properties that have a service charge often have this included withing that charge. Please consult the Property Information Questionnaire for more information.

Total Profit

£
  • Final Equity Profit
    £

    Final Equity Profit = Final Property Value - Mortgage Required - Investment

  • Cumulative Rental Profit
    £

    Cumulative Rental Profit = Annual rental profit x Time of Investment

Adjust these figures

  %

This is the assumed rate of house price inflation.

Final Property Value

£

This is the property value at the end of the investment based on an assumed rate of % house price inflation.

Notes

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