Share Price £62,500 (from 25% Min. Share)

Full Value £250,000 | £3,125 Min. Deposit

Scheme: Shared Ownership Resales

Under offer

Novello - 2 bed apartment in Slough - Slough

place Novello House, 55 Stoke Road, SL2 5BW

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2 Bedroom apartment with Terrace and En-suite


Eligibility

Shared Ownership Scheme

You may be eligible for this property if:

- The household income must be £90,000 a year or less.
- You are a first-time buyer, you used to own a home but can’t afford to buy one now, or are an existing owner looking to move.
- Must be able to purchase a minimum share of 25% up to 75% so the maximum share you can initially own is a 75% share.
(options to staircase to 100% ownership can be explored one year after completion)
- You do not own any other property within the UK or over seas.
- You will need to sell any existing property owned before buying through SO scheme.


Description

AVAILABLE NOW!


A well presented one bedroom and two bedroom apartment available now in Slough under the Shared Ownership Scheme.

These Shared Ownership apartments are a fantastic opportunity for first time buyers to purchase their first home.

The development consists of 19 units - modern one and two bedroom apartments, with private outdoor space (applicable to some) and quality finishes. Each new home has been designed to meet your every comfort and provides a modern, contemporary feel, perfect for relaxed living.

To receive more information and book viewing please call or email to register your interest on 0203 376 6455


Key Features

These modern apartments are built to a high standard and benefit from:


- Fully fitted integrated appliances included in sale
- Private outdoor space (balcony or terrace for some apartments only)
- Carpets to bedrooms
- Wooden effect flooring to lounge, kitchen and hallway areas
- Modern décor throughout
- Good local transport links & amenities close by


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Calculate Monthly Cost

Share price
£ 62,500
Min. £62,500
Share percentage
Min. 25%
Your deposit
Min. £3,125
Monthly cost*
£865
Cost breakdown
£430
Rent
£124
Service charge
£311
Mortgage*
Calculated using a representative rate of 3.94%
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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.