SHARED OWNERSHIP

Rowditch Furlong

SHARED OWNERSHIP

Rowditch Furlong

Register interest

Property reference number: 1638840

Rowditch Furlong is a beautifully presented two-bedroom apartment located on the second floor. The lease remaining on the property is 116 years.

  • Nearest station: Milton Keynes Central Railway Station: 4.5 miles
  • Bus routes nearby: 601 bus service
  • MK1 Junction 14: 3.4 miles
  • Milton Keynes Shopping Centre: 3.5 miles

The property located on the second floor comprises:

  • Entrance: Hallway with entry system and storage cupboard.
  • Living room: Spacious living area with lots of natural light and open plan kitchen. Beige carpeted flooring.
  • Kitchen: White base and wall units with anthracite worktop. Integrated appliances in very good condition. Tiled flooring.
  • Bedroom one: Double bedroom with with beige carpeted flooring.
  • Bedroom two: Double bedroom with with beige carpeted flooring.
  • Bathroom: White suite comprising panelled bath with shower head over bath, WC and hand washbasin with large mirror and light. Full height tiling around the bath. Heated towel rail. Tiled flooring.
  • Outside: Allocated parking space, secure cycle storage and communal garden.

 What happens after I register my interest?

After registering your interest for a Peabody home, you will receive an email confirmation from us. The email will confirm what you need to do next to secure a property viewing which includes completing a financial assessment with a mortgage advisor and completing the Shared Ownership Application Form.

If you don’t receive this email within an hour of your registration, please check your spam or junk folders and set your spam filter to allow incoming emails from Peabody. If you still haven’t received the email after checking here, please contact Peabody.resales@peabody.org.uk and our team will be able to help you.

What is Shared Ownership?

Available to purchase through Shared Ownership, purchasers are able to buy as much of the property as they can afford, from 25 - 75%, paying a low cost rent on the remaining unpurchased 'share' of the home. What's more, your mortgage deposit is based on the value of the share you buy, not the full market value, making these high-spec homes even more affordable in such a sought after location.

Financial information

  • Tenure: Leasehold
  • Remaining lease term: 116 years
  • Annual ground rent amount: TBC
  • Ground rent review period: TBC
  • Annual service charge amount: £1,824.48
  • Service charge review period: Every April 1st
  • Council tax band: Band B
 

Floorplan

floorplan

Financials*

Full Value

£235,000

Share Price

£117,500

Share Value

50%

Monthly Cost

£991

Monthly Mortgage

£634

Monthly Rent

£204

Monthly Service Charge

£154

Minimum Household Income

£35,000

Maximum Household Income

£80,000

Deposit Required

£11,750

*The monthly mortgage, monthly rent, minimum household income and deposit required are all guide figures and will vary depending on your personal circumstances and the mortgage you are able to secure. Please note that applicants will be expected to purchase the maximum share that is sustainable for them. Applicants will be required to attend a financial interview with a Mortgage Advisor appointed by Peabody to assess affordability in line with Affordable Homes guidelines set by the HCA/GLA. Speak to a member of the Peabody New Homes team for more details.

Location

Rowditch Furlong, Redhouse Park, Milton Keynes, Buckinghamshire, MK14 5GB Open in Google Maps

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Transport

Education

Food and Drink

Leisure

Retail

Worship

Healthcare

Next steps

To book a property viewing, please register your interest and we will email you details on how to book online. Alternatively you can get in touch directly with our Resident Sales Team using the link below.

Register Your Interest...

Before submitting your details, please read the terms and conditions, and read how we will use your personal information as described in the privacy policy.