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    Stanwyck Lane

    • Apartment
    • 2
    • Milton Keynes, Buckinghamshire
    • 1
    • Garden

    Shared Ownership in Milton Keynes

    This charming 2-bedroom flat is located in Stanwyck Lane, Oxley Park, Milton Keynes, MK4 4EB.

    The property is available for purchase at £90,000 and offers a Shared Ownership option with a 40% share.

    It features 2 bedrooms, 1 bathroom, and a cosy living room. The property boasts a prime location, being close to schools, local shops, and amenities. It comes with bespoke lighting features, allocated parking, and a lovely front garden.

    Property Specification:

    • Property Type: Flat
    • Property Tenure: Leasehold
    • Council Tax Band: B
    • Bedrooms: 2
    • Bathrooms: 1
    • Living Rooms: 1
    • Address: Stanwyck Lane, Oxley Park, Milton Keynes, MK4 4EB
    • Remaining Lease in Years: 109
    • Share: 40%
    • Yearly Ground Rent Cost: £0.00
    • Yearly Management Cost: £0.00
    • Monthly Rent: £395.07
    • Monthly Service and Ground Rent Charge: £69.90

    Key Features:

    • Chain Free
    • Prime Location
    • Close to School
    • Allocated Parking
    • Bespoke Lighting Features
    • Shared Ownership in Milton Keynes

    Living in Milton Keynes

    Milton Keynes lies almost halfway between London and Birmingham, providing a significant geographical advantage. It’s perfect for those who need access to major cities but prefer a quieter lifestyle. The town is near the M1 motorway and offers quick train services to London Euston, reaching there in as little as 30 minutes.

    As one of the UK’s key economic centres outside London, Milton Keynes hosts diverse industries like technology, finance, and logistics, which provide many job opportunities. Major companies such as Network Rail, Argos, and Mercedes Benz have large operations here, contributing to low unemployment rates.

    Milton Keynes features a modernist grid-oriented design that simplifies navigation and minimises traffic congestion, with its many roundabouts ensuring efficient transportation across the town.

    Despite its urban structure, Milton Keynes boasts over 5000 acres of parks along with riversides and woodland areas suitable for outdoor activities like hiking or boating at places like Willen Lake, enhancing residents’ quality of life through abundant greenery.

    The town has an active arts scene with venues such as MK Gallery offering modern art exhibitions and Stables Theatre showcasing music performances alongside hosting various festivals, including the notable Milton Keynes International Festival throughout the year.

    It is ideal for families with several high-performing schools plus family-friendly attractions like Gulliver’s Land theme park or Xscape entertainment complex. There are leisure activities all year round which makes it an attractive location for families raising children while supporting strong educational foundations.

    Chain Free Resale
    £90,000 40% share of £225,000
    Est. monthly costs £820.39*
    • Monthly rent £309.38
    • Mortgage £511.01
    • *Est. monthly costs: Including Mortgage calculated using a representative rate of 5.5%, Rent and required Service Charge. These values are to be used for research purposes only.

    Monthly Costs Calculator

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      Guinness Homes are not financial advisors, and this tool is to be used for research purposes only. Please contact a mortgage broker to discuss your finances.

      What is Shared Ownership?

      Learn more about how the Shared Ownership scheme works

      Read More A young female sat and using her laptop
      What is Shared Ownership?
      Shared Ownership is a way to buy your home if you otherwise couldn't afford to on the open market. You buy a share percentage of the home, which is usually 25-75%, pay a subsidised rent on the remaining share and pay a service charge. It's an ideal scheme for first-time buyers looking for a more affordable housing option to get on the property ladder. Click 'read more' to find out more about Shared Ownership.
      Am I eligible for Shared Ownership?
      To qualify for Shared Ownership, individuals must be over 18 years old and residents in the UK. There is a household income threshold. You must have a household income threshold of less than £80,000, but this increases to £90,000 if you buy a home in London.
      Can I buy more shares?
      Yes, you can buy more shares at a later date after you purchase your home. This is known as 'staircasing' and the amount your increase will depend on how much you can afford. Buying more shares will reduce future rent payments. Eventually you could own 100% of your home.
      How much deposit do I need?
      This depends on the full market value of the property and the size of the share you are purchasing, your mortgage lender and your credit rating. The benefit of Shared Ownership is that the deposit required will be significantly lower than if you were purchasing the property outright because you only need a deposit on the share you are buying. You should expect to have at least 5% deposit saved. Your mortgage advisor will tell you the exact amount of deposit you need. You can contact one of our panel of mortgage brokers to get a Mortgage in Principle.