SHARED OWNERSHIP

Swales Drive

SHARED OWNERSHIP

Swales Drive

Register interest
Property reference number: 1638870
 
This is a stunning, 2-bedroom home open plan flat with private parking, a balcony and secure bike storage is available in Leighton Buzzard. The time remaining on the lease is 120 years.
 
A great selection of amenities are located nearby including Tesco, Morrisons, nearby bars/restaurants, green spaces with Luton airport within a 30 minute driving distance.
  • Nearest Railway Station: Leighton Buzzard station
  • Bus Routes Nearby: F70, F77, L3

The property comprises:

  • Living room: Open plan kitchen/living room with light brown laminate engineered wood flooring. Hallway has doors to kitchen/diner and French doors to balcony.
  • Kitchen: Light grey units with laminate worktops and integrated appliances. Light brown laminate engineered wood flooring.
  • Bedroom one & two: Double bedroom with cream carpeted flooring
  • Bathroom: Light grey suite, light grey tiles with a wall mirror and towel rail.
  • Outside: private parking, a balcony and secure bike storage

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 enquiries@peabodynewhomes.co.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: 120 Years
  • Annual service charge amount: £2,707.80
  • Annual ground Rent: 0
  • Ground rent review period: No ground rent to pay until final staircasing.
  • Service charge review period: 1st April annually
  • Council tax band: Band B
 
*Financial information correct as of 11.9.23

Financials*

Full Value

£230,000

Share Price

£138,000

Share Value

60%

Monthly Cost

£1,208

Monthly Mortgage

£745

Monthly Rent

£238

Monthly Service Charge

£226

Minimum Household Income

£42,000

Maximum Household Income

£80,000

*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

Swales Drive, Lehighton Buzzard, Luton, Central Bedfordshire, LU7 4FH 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.