We are pleased to bring to the market this 2 bedroom Semi-Detached House Shared Ownership. It is situated in Aylesbury, Buckinghamshire and is available now

This brand new home is available to buy from as little as £177,500 with a 50% share!

Set within a highly sought-after best location in Aylesbury, Kingsbrook provides easy access to Aylesbury town centre and offers excellent travel facilities for commuters, presenting homeowners with all their desired local amenities close to hand. Aylesbury town centre offers a wide range of shops, cafes, restaurants along with the local market and Aylesbury Waterside Theatre.

Located less than an hour from London by train, the town centre and train station are approximately two miles from Kingsbrook

Aylesbury has a wide range of independent schools in the local area, not forgetting the three new schools that will be built at Kingsbrook. Your new home at Kingsbrook will be surrounded by walkways, cycle paths, parks and ponds on its doorstep, waiting for you to explore.

This brand new semi detached home features an open plan lounge/kitchen/diner, a ground floor cloakroom, two double bedrooms, bathroom, parking and a garden.

PRICING & AFFORDABILITY

Approximate Size: 750 sq ft

Full Market Value: £355,000

50% Share Price: £177,500 (rent £406.77pcm)
60% Share Price: £213,000 (rent £325.42pcm)
75% Share Price: £266,250 (rent £203.39pcm)

Minimum 5% Mortgage Deposit (50% share): £8,875
Approximate Service Charges: £59.86 pcm*
Shared Ownership Lease: 125 years
Council Tax Band: TBC

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.

At Kingsbrook you can buy a minimum 50% 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.

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.

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. We advise applicants to make their own investigations on future development in the area. We would suggest contacting the local authority for more information.

SOWN are selling the homes on behalf of Sage Homes. Sage Homes is a Registered Provider committed to providing high quality affordable homes across England. For more information on Sage Homes visit www.sagehomes.co.uk.