Share Price £100,000 (from 40% Min. Share)

Full Value £250,000 | £10,000 Min. Deposit

Scheme: Shared Ownership Resales

check_circle Available now

2 bedroom apartment in Slough - Slough

place Priority Heights, SL1 4NN

Budget Calculator
Calculate monthly cost help
Sign in to Register Your Interest mail

Catalyst Housing resales

favorite_outline Save Property

Two bedroom flat on the 4th floor with a lift and balcony in Slough is available now on a part-buy/part-rent scheme. Approx. 85 years remaining on the lease.


Eligibility

To be eligible for this property you must be earning a household income of at least

£ 49,553 with a deposit of £ 10,000 and live or work in the Slough authority area.


Description

GIA: 67m2

Master Bedroom 1 – approx. (1.579m2)

Double room, fitted wardrobe, carpeted, with a window and heating.

Bedroom 1 – approx. (1.244m2)

Double, carpeted and heating.

Bathroom WC/1– approx. (0.650m2)

White bathroom suite, tiled with a bath and shower.

Kitchen – approx. (1.610m2)

All kitchen appliances and tiled flooring. Good view from kitchen window.

Lounge – approx. (1.67m2)

Carpeted, heating with a doubled glazed door leading to a balcony.

Other Rooms

Hallway:2 Storage cupboards, smart meter & intercom.

Outside

  • Balcony
  • Shared front garden
  • Shared rear garden
  • Street Parking
  • Allocated parking space

Energy Efficiency Rating – B

Environmental Rating – C


Key Features

If you would like to view this property it will be at your own risk and choice following government advice below:

https://www.gov.uk/guidance/government-advice-on-home-moving-during-the-coronavirus-covid-19-outbreak

Virtual viewings are recommended and available upon request. 

To request an application of interest form, please contact our Sales Team on:

0208 832 3247 or resale.staircasing@chg.org.uk

 

Please return your completed interest form to: resale.staircasing@chg.org.uk by Monday 8th June 2020 5pm.

Your interest form will be sent to Slough Council nomination Team who will decide who will be allocated the property.

The scheme allows you to purchase the specified share of the property price, and pay a reduced rent on the share you do not own. You will have the opportunity to buy further shares (subject to affordability) at a later date.
As a shared owner you will be an assured tenant until you own 100% of the shares for the property after which you will own the leasehold interest.

Sale Price and Equity
Full market value:£ 250,000
Monthly net rent:£ 700.32
Share available:40%
Monthly service charge:£ 195.01
Share price:£ 100,000


The rent review is every April. Quoted rental figures are based on the 2020/21 financial year.


Budget Calculator
arrow_backwards Back to 2 bedroom apartment in Slough - Slough

Calculate Monthly Cost

Share price
£ 100,000
Min. £100,000
Share percentage
Min. 40%
Your deposit
Min. £10,000
Monthly cost*
£1,326
Cost breakdown
£700
Rent
£195
Service charge
£431
Mortgage*
Calculated using a representative rate of 3.09%
help

Sign in to Register Your Interest mail

Catalyst Housing resales

favorite_outline Save Property

Location

Disclaimer

The information displayed about this property comprises a property advertisement. Share to Buy ltd makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Share to Buy has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by the sponsoring housing association. Please contact the housing association or estate agent directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007.

The ‘Estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together:

  • Rent: this is charged on the share you do not own and is usually payable to a housing association (rent is not generally payable on shared equity schemes)
  • Service Charge: covers maintenance costs for the property as a whole and communal areas
  • Mortgage: Share to Buy ltd are specialist Shared Ownership mortgage brokers and we use a database of daily updated mortgage rates to work out the lowest rate available for the deposit amount shown, and then generate an estimated monthly payment on a 25 year capital repayment basis.


NB: this mortgage estimate is not confirmation that you can obtain a mortgage and you will also need to satisfy the requirements of the relevant mortgage lender. Nor is this a guarantee that in practice you would be able to apply for such a rate, and nor is this a recommendation that the rate used would be the best product for you.