2 bed flat for sale

Highgate House, Chequers Avenue, High Wycombe HP11

Shared Ownership

This superb modern home is available to buy from as little as £147,500 with a 50% share!

A spacious and well-presented ground floor apartment on the skirts of High Wycombe town centre. There are two double bedrooms and an impressive 22ft open plan kitchen/living space with double doors opening on to a patio and enclosed garden. There is an allocated parking space with visitors permit parking also available. The property will be sold with an extended lease.
Pricing & affordability


Full Market Value: £295,000

50% Share Price: £147,500 (rent £362.65pcm)
Minimum 5% Mortgage Deposit (% share): £7,375
Approximate Service Charges: £163.32pcm*
Shared Ownership Lease: Approx. 233 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. Rent and service charges will be reviewed annually by your housing provider, usually on 1st April each year.

** This home can also be purchased outright (100% of the value) which is £295,000 and a purchaser would not need to meet the eligibility criteria listed above.