Atlas Way, Milton Keynes, Buckinghamshire

Property overview

• Two bedroom
• Ground floor apartment
• 55% Shared ownership
• Enclosed patio area
• Highly sought after location of Oakgrove
• Ideal first time purchase
• Ground rent and service charge combined is £351.94 pcm
• Allocated parking

Property description

This is a wonderful two-bedroom 55% shared ownership ground floor apartment located in the sought after development of Oakgrove. The accommodation comprises an entrance hall, lounge/kitchen/diner, two good size bedrooms and family bathroom. Outside there is a allocated parking for one vehicle and a enclosed patio area leading off the living space.

The value of the 55% equity is £270,000 this is not negotiable, shared ownership is sold at the valuation price.The monthly rent is £195.01 and there is a monthly service charge (Building Insurance) of £156.93.

To purchase this property a gross annual household income of £39,000 is required. This is based on a 10% mortgage deposit. If the purchaser/s have a higher deposit Hyde New Homes can discuss how the salary required is reduced (approximately every 5% extra deposit reduces the salary required by £1,200).

It is important that the following criteria is met by a successful applicant.:-

• Be a first time buyer who is registered and approved with the HomeBuy agency & Hyde New Homes (www.helptobuyese.org.uk & www.hydenewhomes.co.uk/apply)

• Pass the affordability assessment with the Hyde New Homes financial advisor. Applicants must earn the minimum salary criteria as specified within this letter based on a 10% deposit. To be offered a property, all household outgoings can be no more than 45% debt to household income.

• Must be able to obtain a high street Mortgage (we do not accept adverse credit lenders)

• Must have a good credit history – no CCJ’s or loan defaults

Room details

INTERIOR

Entrance Hall

Doors leading to:

Lounge Diner

5.75m x 4.08m (18' 10" x 13' 5")

Kitchen

2.85m x 2.32m (9' 4" x 7' 7")

Bedroom One

4.15m x 2.9m (13' 7" x 9' 6")

Bedroom Two

3.25m x 3.05m (10' 8" x 10' 0")

Family Bathroom

Fitted to comprise three piece suite

EXTERIOR

Allocated Parking

Space for one vehicle