£175,500
2 bed flat for saleWellesbourne Road, High Wycombe, Buckinghamshire HP13
2 beds
1 bath
1 reception
EPC Rating: C
- Shared ownership
- Leasehold
SOWN - Shared Ownership
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About this property
Modern Shared Ownership Home
Two Bedrooms
One Bathroom
Balcony
Living/Kitchen
Residents Parking
This superb modern home is available to buy from as little as £175,500 with a 65% share!
Located in a popular residential area of High Wycombe, this well-presented second-floor apartment offers a fantastic blend of comfort and convenience. The property features two good-sized bedrooms, a modern bathroom, and an open-plan living space with a well-appointed kitchen. A private balcony provides additional outdoor space, while allocated parking adds to the practicality of this home.
The apartment is ideally situated close to a range of local amenities, including supermarkets, cafés, restaurants, and the Eden Shopping Centre. For those who enjoy the outdoors, nearby The Rye and Hughenden Park offer lovely green spaces for walking and relaxation.
Commuters will benefit from excellent transport links, with High Wycombe train station providing direct services to London Marylebone, and easy road access to the M40, A404, and A40 for travel towards London and the surrounding areas.
Pricing & affordability
Full Market Value: £270,000
65% Share Price: £175,500 (rent £216.56pcm)
Minimum 5% Mortgage Deposit (65% share): £8775
Approximate Service Charges: £100.63pcm*
Lease:110 Years
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 £270,000 and a purchaser would not need to meet the eligibility criteria listed above.
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More information
Tenure
Leasehold (109 years)
Service charge
£1,208 per year
Council tax band
A band has not yet been confirmed.
Ground rent
Ground rent date of next review