Millfield House, Moor Lane, Staines-upon-Thames

Shared Ownership

This brand new home is available to buy from as little as £127,500 with a 30% share!

Lovingly crafted and delivered by Milestone, part of the award winning developer Shanly Homes, Moorfield Mews features a small selection of Shared Ownership homes. Surrounded by green spaces and just a stone’s throw from the River Thames and a lively town centre, you’ll feel connected to both nature and neighbourhood.

Conveniently located just a short stroll from the River Thames and Staines town centre, residents can enjoy an excellent range of amenities including the Elmsleigh and Two Rivers shopping centres, a cinema, cafés, and restaurants. For commuters, Staines railway station is around a 15-20 minute walk away, offering direct trains to London Waterloo in a little over 30 minutes. The property also boasts easy access to the M25, making it ideal for road travel, while Heathrow Airport is only a seven minute drive, providing a gateway to both domestic and international destinations.

This stylish two bedroom ground floor apartment offers an exceptional standard of modern living in a well connected and vibrant location. The property features a spacious open plan living and dining area, a sleek contemporary kitchen fitted with integrated appliances, and a private terrace ideal for relaxing or entertaining. The principal bedroom benefits from a well appointed en suite, while a second bedroom and family bathroom complete the layout. The apartment also includes built-in storage and an allocated parking space.

PRICING & AFFORDABILITY

Full Market Value: £425,000

30% Share Price: £127,500 (rent £681.77pcm)
50% Share Price: £212,500 (rent £486.98pcm)
75% Share Price: £318,750 (rent £242.49pcm)

Minimum 5% Mortgage Deposit (30% share): £6,375
Approximate Service Charges: £ 82.63 pcm*
Shared Ownership Lease: 999 years
Council Tax Band: TBC

ELIGIBILITY

Shared Ownership gives first time buyers and those that do not currently own a home the opportunity to purchase a share in a new build or resales leasehold property. The purchaser pays a mortgage on the share they own and pays rent to a housing association on the remaining share. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright although this is not a guarantee.

At Moorfield Mews advertised prices start at a 30% 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 shared ownership 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. Rent and service charges will be reviewed annually by your housing provider, usually on 1st April each year.

**These photos are for information purposes only and may not represent a true likeness for the units being sold. They have been taken from earlier phases or similar Shanly Homes 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.