This brand new home is available to buy from as little as £130,000 with a 40% share!
Welcome to The Pines, a collection of new homes in the town of High Wycombe. Set within the larger Abbey Barn Park development, this new community will include a wonderful new country park and woodland for its residents to enjoy. The Pines is set just a short drive from High Wycombe’s bustling town centre.
Here, you’ll find a host of attractions, including the Eden and Chilterns Shopping Centres, as well as a range of eateries. At the weekend, take a stroll around Rye Park, or visit the market which dates back to the Middle Ages. Located on the edge of Chiltern Hills, an Area of Outstanding Natural Beauty, The Pines is close to a variety of walking routes.
Built to ‘The Fern’ design this brand new apartment benefits from a private terrace and parking with accommodation that features an open plan lounge/kitchen/diner, two double bedrooms, bathroom and storage.
Pricing & affordability
Full Market Value: £325,000
40% Share Price: £130,000 (rent £446.88pcm)
50% Share Price: £162,500 (rent £372.40pcm)
75% Share Price: £243,750 (rent £186.20pcm)
Minimum 5% Mortgage Deposit (40% share): £6,500
Approximate Service Charges: £116.37 pcm*
The Shared Ownership scheme is a Part Buy, Part Rent way of owning your own home for a smaller up front payment. With Shared Ownership, you buy a share of your home using a mortgage from a bank or building society and pay a subsidised rent on the share you did not purchase. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright.
At The Pines you can buy a minimum 40% share of your home (the maximum you can buy initially is 75%). When you’re ready, you can buy more shares until you staircase to owning 100% of your home.
To be eligible for this shared ownership scheme 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.
Please note the minimum share you can purchase can vary depending on your financial situation and you may be asked to purchase a larger share, should your personal circumstances permit.
*Service charges are estimated and may subject to change.
**These photos are for information purposes only and may not represent a true likeness for the units being sold. They may have been taken from earlier phases or similar developments/house types and digitally furnished to represent how the home could be laid out; the final colours/appearance/specification may differ from the images and are not plot specific. We advise applicants to make their own investigations on future development in the area. We would suggest contacting the local authority for more information.