2 bed flat for sale in Balmoral House, Sierra Road, High Wycombe HP11, £135,000

135,000.00

Offer Nr.:
65535590
Type of ad:
for Sale
Property type:
2 bed flat
Bedrooms:
2
Bathrooms:
1
Reception rooms:
1
Contact name:
SOWN
Phone(s):
023 8234 9529

* Leasehold
* Spacious 2nd floor apartment
* Easy access to High Wycombe train station
* Private balcony
* Open plan lounge/kitchen/diner
* Close to local amenities
* Allocated parking
Shared Ownership
This brand new home is available to buy from as little as £135, 000 with a 50%
share!
This spacious second floor modern apartment is superbly positioned with easy
access to High Wycombe centre as well as the train station with direct links
to London Marylebone.
The accommodation features an open plan lounge/kitchen/diner with access to a
private balcony, two well - proportioned bedrooms, bathroom and allocated
parking.
Pricing & affordability
Full Market Value: £270, 000
50% Share Price: £135, 000 (rent £325. 87pcm)
Minimum 5% Mortgage Deposit (50% share): £6, 750
Approximate Service Charges: £225. 30 pcm*
Lease Remaining: Approx. 87 years
Council Tax Band: C
**Eligibility
**
Shared Ownership gives first time buyers and those that do not currently own a
home the opportunity to purchase a share in a new build or resales leasehold
property. The purchaser pays a mortgage on the share they own and pays rent to
a housing association on the remaining share. The combined mortgage and rent
is usually less than you’d expect to pay if you bought a similar property
outright although this is not a guarantee.
To be eligible for shared ownership you would need to meet the following
criteria:
• Your annual household income does not exceed £80, 000
• You have a deposit of at least 5% of the share value
• You do not own another property or have your name on the deeds or a mortgage
for a property worldwide.
• This will be your only residence.
• You are a permanent UK resident or have indefinite right to remain.
*Service charges are estimated and may subject to change.
** This home can also be purchased outright (100% of the value) which is
£275, 000 and a purchaser would not need to meet the eligibility criteria
listed above.

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