Low-maintenance two-bed bungalow in central Bletchley — 70% shared ownership, limited lease term.
70% shared ownership for over-55s; no additional monthly rent
A rarely available two-bedroom bungalow in central Bletchley, offered on a 70% shared ownership basis for over-55s. The single-storey layout suits buyers wanting no stairs: an L-shaped lounge/diner, kitchen, two bedrooms and a recently updated shower. The rear courtyard-style garden is low maintenance, and communal parking plus on-site laundry add practical convenience.
The scheme with Places for People carries no additional monthly rent and the service charge is modest (approx. £71.96 pcm). The property benefits from double glazing, gas central heating and a compact 586 sq ft layout that’s economical to run. Shops, health services and public transport are within walking distance of the town centre.
Important cautions: the lease currently has 63 years remaining (99-year lease from 1988). That limited lease term can restrict mortgage options — many lenders may refuse mortgages on leases under certain thresholds. There is also a sell-on sinking fund charge (calculated at 1% of your share of purchase price per year, capped) payable when the property is resold.
Local context: the immediate area is classified as a self-sufficient retirement community and offers excellent mobile and fast broadband, but it sits in a higher-crime and more deprived ward. Buyers should factor in the communal nature of the development, the shared-ownership terms, and confirm lender acceptance and legal implications of the lease and future sinking-fund charge before proceeding.
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