Tenure
Knowing the tenure of the property is important because it affects your rights to use the property and the costs of ownership.
Freehold means you’ll own the property and the land it's built on. You'll usually be responsible for the maintenance of the property and have more freedom to alter it.
For flats and maisonettes, the freehold is sometimes shared with other properties in the same building. This is known as a share of freehold.
Leasehold means you'll have the right to live in the home for a set amount of years (specified in the lease). The landlord (the freeholder) owns the land, and if the lease runs out, ownership of the property will go back to them. Lease lengths that are less than 80 years tend to be more complicated and can cause issues with mortgage lenders.
You can extend a lease but this can be expensive. If you'd like to make changes to the property, you'll likely need the landlord’s permission. You're also likely to have to pay an annual amount for ground rent and services charges which can be subject to change. It is good practice to check additional leasehold costs that will apply to the property and factor this into your budget considerations.
Shared ownership is a form of leasehold in which you buy a percentage of the property and pay rent on the share you do not own. You may be able to buy the remaining share at an extra cost. When you wish to sell the property, you may need permission to do so.
Commonhold is a type of freehold ownership for a property that's within a development. A commonhold or residents’ association owns and manages the common parts of the property (like stairs and hallways). You'll need to join the commonhold association and contribute towards maintaining the development. It is good practice to check additional costs that will apply to the property and factor this into your budget considerations.
- Detached houses
- Allocated parking
Features and description
- Freehold
- No Stamp Duty to pay on the first £250,000 of this home and first time buyers pay no stamp duty up to £425,000
- Brand new and chain free
- Open plan living and dining area with doors to garden
- Two parking spaces
- En suite to Bedroom one
- Rated a 5 Star HBF Builder in 2023
- Garden
Summary
Plot 483 - The Philosopher - has four bedrooms - one of which has an en suite - a modern family bathroom, an open-plan living and dining area, separate study and a separate fitted kitchen.
Description
Wavendon View is an elegant collection of 4-bedroom homes in Milton Keynes, nestled in an attractive semi-rural location close to Wavendon village. Boasting a desirable position on the edge of a vibrant city centre, the development enjoys easy access to an abundance of shopping centres, family attractions and an enviable restaurant circuit, as well as a number of scenic country parks. With excellent transport connections and well-regarded local schools, Wavendon View is sure to appeal to families, commuters and first time buyers alike.
Sitting Room 11' x 17' 8" ( 3.35m x 5.38m )
Kitchen/diner 27' 2" x 10' 8" ( 8.28m x 3.25m )
Study 8' 3" x 8' 5" ( 2.51m x 2.57m )
Bedroom One 11' x 16' 2" ( 3.35m x 4.93m )
Bedroom Two 11' x 12' 7" ( 3.35m x 3.84m )
Bedroom Three 8' 4" x 16' 5" ( 2.54m x 5.00m )
Bedroom Four 9' x 8' 9" ( 2.74m x 2.67m )
1. Money laundering regulations - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2: These particulars do not constitute part or all of an offer or contract.
3: The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: Connells has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
6: Connells has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.
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