MapShared ownership
£69,0002 bedroom apartment for sale
Folkes Road, Bedfordshire MK43
Reduced
Apartment
2 beds
1 bath
699 sq ft / 65 sq m
EPC rating: B
Key information
Tenure: Leasehold | unconfirmed share | unconfirmed yrs left
Council tax: Ask agent
Broadband: Super-fast 80Mbps *
Mobile signal:
EEO2ThreeVodafone
Features and description
- Tenure: Leasehold
- Two Bedrooms
- Allocated parking for Two Cars
- First Floor Apartment
- Popular Location
- Excellent Condition Throughout
- Gas Central Heating
- Open plan Living
- 30% Share
- Long Lease
- Council Tax Band B
Located in the quaint village of Wootton, this two-bedroom flat is situated on the first floor of a well-maintained building. With off-road parking available for two cars, you'll never have to worry about finding a spot when you come home after a long day.
The property comprises of ; Entrance Hall, Open Pan Lounge/Diner/Kitchen Two Double Bedrooms, Bathroom. Outside, Two Allocated car parking bays.
As you step inside, you'll immediately notice the bright and airy feel of the flat. The living room is spacious and perfect for relaxing or entertaining guests. The kitchen is well-equipped with modern appliances, making meal prep a breeze. The two bedrooms are both comfortable and inviting, providing a restful sanctuary at the end of the day.
Property Details
Address Folkes Road
Wootton
Bedford
MK43 9BY
Property type 2 Bedroom First Floor Apartment
Scheme Shared ownership
Full market value £230,000.00
Share Purchase Price
and Rent Examples
The share purchase price is calculated using the full
market value and the percentage share purchased.
If you buy a 30% share, the share purchase price will be
£69,000.00 and the rent will be £376.60 a month.
Your annual rent is calculated in line with the property
lease and annual rent review.
Monthly payment to the
landlord
In addition to the rent above, the monthly payment to the
landlord includes:
Service charge £30.73
Estate charge £14.77
Buildings insurance £10.31
Management fee £3.43
Reserve fund payment £36.19
Total monthly payment excluding rent £95.43
Reservation fee £0
You don't need to pay a reservation fee to secure your
home.
Eligibility You can apply to buy the home if both of the following
apply:
• your household income is £80,000 or less
• you cannot afford all of the deposit and mortgage
payments to buy a home that meets your needs
One of the following must also be true:
• you're a first-time buyer
OFFICIAL
• you used to own a home but cannot afford to buy
one now
• you're forming a new household - for example, after
a relationship breakdown
• you're an existing shared owner, and you want to
move
• you own a home and want to move but cannot
afford to buy a new home for your needs
If you own a home, you must have completed the sale of
the home on or before the date you complete your shared
ownership purchase.
As part of your application, your finances and credit history
will be assessed to ensure that you can afford and sustain
the rental and mortgage payments.
Tenure Leasehold
Lease type Shared ownership flat lease
Lease term 118 years
For more information, see section 2.5, 'Lease extensions',
in the 'Key information about shared ownership' document.
Maximum share you
can own
You can buy up to 100% of your home.
Transfer of freehold
At 100% ownership, the leasehold title remains in your
name but your shared ownership obligations fall away.
Landlord bpha ltd.
Bedford Heights
Manton Lane
Bedford
MK41 7BJ
Under a shared ownership lease, you pay for a percentage
share of the market value of a home. You enter into a
lease agreement with the landlord and agree to pay rent to
the landlord on the remaining share.
OFFICIAL
Landlord's nomination
period
When you give the landlord notice that you intend to sell
your share in your home, the landlord has 6 Weeks to find
a buyer. The landlord may offer to buy back your share, but
only in exceptional circumstances and if they have funds
available. If they do not find a buyer within 6 Weeks, you
can sell your share yourself on the open market. For
example, through an estate agent.
Pets You may be able to keep certain pets at the home –
subject to permission from the landlord.
Subletting You can rent out a room in the home, but you must live
there at the same time.
You cannot sublet (rent out) your entire home unless you
either:
• own a 100% share; or
• have your landlord's permission which they will only
give in exceptional circumstances (see section 1.5
in 'Key information about shared ownership'
document)
Wootton has amenities including a post office, a library, pharmacy, doctors' surgery, men's hairdresser, three public houses/restaurants, various takeaway food shops, community centres, sports facilities, a Tesco express and a Sainsbury's local. It is also on a bus route to Bedford. Road links include a new bypass with access to the A1 and the M1. Bedford station, with services to St. Pancras, is about 6 miles away.
Tenure; Leasehold
Lease; 118 years.
Ground Rent; TBA
Service Charge; £1072.68 p/a
Council Tax Band; B
Martin & Co for themselves, and for the vendors/owners of the property, whose agents they are, give notice that;
(A) These particulars are produced in good faith, but are set out as a general guide only and do not constitute any part of a contract;
(B) No person in the employment of Martin & Co has any authority to make or give any representation or warranty whatsoever in relation to the property.
The property comprises of ; Entrance Hall, Open Pan Lounge/Diner/Kitchen Two Double Bedrooms, Bathroom. Outside, Two Allocated car parking bays.
As you step inside, you'll immediately notice the bright and airy feel of the flat. The living room is spacious and perfect for relaxing or entertaining guests. The kitchen is well-equipped with modern appliances, making meal prep a breeze. The two bedrooms are both comfortable and inviting, providing a restful sanctuary at the end of the day.
Property Details
Address Folkes Road
Wootton
Bedford
MK43 9BY
Property type 2 Bedroom First Floor Apartment
Scheme Shared ownership
Full market value £230,000.00
Share Purchase Price
and Rent Examples
The share purchase price is calculated using the full
market value and the percentage share purchased.
If you buy a 30% share, the share purchase price will be
£69,000.00 and the rent will be £376.60 a month.
Your annual rent is calculated in line with the property
lease and annual rent review.
Monthly payment to the
landlord
In addition to the rent above, the monthly payment to the
landlord includes:
Service charge £30.73
Estate charge £14.77
Buildings insurance £10.31
Management fee £3.43
Reserve fund payment £36.19
Total monthly payment excluding rent £95.43
Reservation fee £0
You don't need to pay a reservation fee to secure your
home.
Eligibility You can apply to buy the home if both of the following
apply:
• your household income is £80,000 or less
• you cannot afford all of the deposit and mortgage
payments to buy a home that meets your needs
One of the following must also be true:
• you're a first-time buyer
OFFICIAL
• you used to own a home but cannot afford to buy
one now
• you're forming a new household - for example, after
a relationship breakdown
• you're an existing shared owner, and you want to
move
• you own a home and want to move but cannot
afford to buy a new home for your needs
If you own a home, you must have completed the sale of
the home on or before the date you complete your shared
ownership purchase.
As part of your application, your finances and credit history
will be assessed to ensure that you can afford and sustain
the rental and mortgage payments.
Tenure Leasehold
Lease type Shared ownership flat lease
Lease term 118 years
For more information, see section 2.5, 'Lease extensions',
in the 'Key information about shared ownership' document.
Maximum share you
can own
You can buy up to 100% of your home.
Transfer of freehold
At 100% ownership, the leasehold title remains in your
name but your shared ownership obligations fall away.
Landlord bpha ltd.
Bedford Heights
Manton Lane
Bedford
MK41 7BJ
Under a shared ownership lease, you pay for a percentage
share of the market value of a home. You enter into a
lease agreement with the landlord and agree to pay rent to
the landlord on the remaining share.
OFFICIAL
Landlord's nomination
period
When you give the landlord notice that you intend to sell
your share in your home, the landlord has 6 Weeks to find
a buyer. The landlord may offer to buy back your share, but
only in exceptional circumstances and if they have funds
available. If they do not find a buyer within 6 Weeks, you
can sell your share yourself on the open market. For
example, through an estate agent.
Pets You may be able to keep certain pets at the home –
subject to permission from the landlord.
Subletting You can rent out a room in the home, but you must live
there at the same time.
You cannot sublet (rent out) your entire home unless you
either:
• own a 100% share; or
• have your landlord's permission which they will only
give in exceptional circumstances (see section 1.5
in 'Key information about shared ownership'
document)
Wootton has amenities including a post office, a library, pharmacy, doctors' surgery, men's hairdresser, three public houses/restaurants, various takeaway food shops, community centres, sports facilities, a Tesco express and a Sainsbury's local. It is also on a bus route to Bedford. Road links include a new bypass with access to the A1 and the M1. Bedford station, with services to St. Pancras, is about 6 miles away.
Tenure; Leasehold
Lease; 118 years.
Ground Rent; TBA
Service Charge; £1072.68 p/a
Council Tax Band; B
Martin & Co for themselves, and for the vendors/owners of the property, whose agents they are, give notice that;
(A) These particulars are produced in good faith, but are set out as a general guide only and do not constitute any part of a contract;
(B) No person in the employment of Martin & Co has any authority to make or give any representation or warranty whatsoever in relation to the property.
About this agent
We specialise in sales, property management and residential lettings, mortgage advice, and cover a wide geographical area including the villages and suburbs between Bedford and the M1. We're proud to have been serving the Bedford area since the year 2000, offering a wide range of properties for sale and to rent, not only in Bedford but also in Kempston, Wootton, Ampthill and Flitwick. Owners and Bedford residents Shahid Miah and Habib Rahman bring years of experience in retail banking and property management. The partners have built their own property portfolio and are strongly committed to helping others to do likewise, by combining entrepreneurial flair, local knowledge and a passion for customer service. Our main areas of business are residential sales, lettings and property management, property investment and mortgage advice. The office is located on St Loyes Street in the heart of the town centre and just a short walk from the train station. At Martin & Co Bedford we pride ourselves on our high level of customer service. Our team provide our customers with support, advice throughout the whole process with a dedicated point of contact and regular property updates on the sale or let of your home. We recently won The British Property Lettings Award for Bedford. The team performed outstandingly throughout the extensive judging period, which focused on customer service levels. Martin & Co Bedford has now been shortlisted for a number of national awards which will be announced shortly. In 2021, Martin & Co Bedford acquired local independent businesses Compass Lettings and Gateway Lettings adding to their already extensive portfolio of properties. If you have a property to sell or let in the areas we operate in, are looking for a new home, would like us to manage a property on your behalf or you would like a valuation for your home, please get in touch with a member of the team.