2 bed flat for sale

1 Cranwell Crescent, Milton Keynes MK17

Highlight Housing, The Affordable Homes Agency, working with Legal & General Affordable Homes, is pleased to present this two bedroom shared ownership resale apartment in Milton Keynes. The price shown represents purchasing a 60% share of the property.

Property Overview

Nestled in the countryside to the south of Milton Keynes, this home offers an excellent opportunity to step onto the property ladder.

This well presented 2 bedroom apartment is located on the ground floor offers a bright and practical layout with an open plan kitchen/dining/living area, a good sized double bedroom and a second bedroom that could also be used as a home office. This home also comes with parking.

Financial Breakdown

• Full Market Value: £210,000
• 60% Share Value: £126,000
• Rent on unowned share: £238.36 per month
• Service charged £89.60 per month
• Buildings insurance £13.57 per month
• Management fee £34.89 per month
• Lease Length: Approximately 886 years remaining

Local Area

Living here, you'll have access to an excellent range of local amenities such as a post office, bank and doctor's surgery, as well as a significant range of places to eat, shop and enjoy. Situated by the Buckinghamshire countryside, residents can also explore a selection of stunning lakes, parks and nature reserves within a short drive.

Excellent transport links are also available for those commuting, with two nearby stations providing access to London in less than an hour. The M1, A5 and A421 are all less than 10 miles away, providing convenient access to Oxford, Aylesbury, Northampton and London.

Over 200 shops and various leisure activities are available at Milton Keynes, with the picturesque town of Woburn Sands located just a short drive away, offering a range of local cafes, restaurants and independent shops.

What is Shared Ownership?

Shared Ownership offers a more accessible route to homeownership by allowing you to purchase a share of a property's value, while paying a subsidised rent on the remaining share.

The share purchase price is based on the full market value of the property, and your rent is calculated on the remaining share owned by the landlord.

Over time, you may choose to buy additional shares in your home through a process known as staircasing, potentially increasing your ownership up to 100%.

Eligibility Criteria

• To be eligible for Shared Ownership, you will need to:
• Have a combined household income under £80,000 per annum
• Be unable to purchase a suitable home on the open market
• Not already own a home or you will have sold your current home before you purchase
• Meet one of the standard criteria, such as being a first time buyer or forming a new household

About Highlight Housing

We are The Affordable Homes Agency.

Finding an affordable home should not feel impossible. Highlight Housing exists to improve access to good-quality, safe, affordable homes for sale and rent across the UK, working with trusted housebuilders, housing associations, private sellers and landlords.

With over 15 years' experience across shared ownership, shared equity, mid-market rent and rent to buy, we provide clear, practical guidance that helps people understand what is genuinely within reach.

Our focus is on supporting individuals and families to move forward with confidence into a secure, well managed future home they can afford.

Shared Ownership Disclaimer

Shared Ownership is subject to eligibility, affordability checks and the terms of the lease. Rent, service charges and other costs will increase over time and should be considered carefully. Failure to meet mortgage, rent or service charge payments could put your home at risk.

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