1 bedroom apartment for sale
Fender House, Princess Marina drive, RG2 9NH
Share percentage 25%, full price £250,000, £3,125 Min Deposit.
Share percentage 25%, full price £250,000, £3,125 Min Deposit.
Monthly Cost: £876
Rent £429,
Service charge £136,
Mortgage £311*
Calculated using a representative rate of 3.94%
Calculate estimated monthly costs
You may be eligible for this property if:
- You have a gross household income of no more than £80,000 per annum.
- You are unable to purchase a suitable home to meet your housing needs on the open market.
- You do not already own a home or you will have sold your current home before you purchase or rent.
Summary
LAST OPPORTUNITY TO BUY - AVAILABLE WITH ONLY A 5% DEPOSIT
Description
SO Resi Arborfield
Guide Price:
Minimum deposit: £3,125
25% Share of full value: £62,500
Service charge: £135.52
SO Resi payment pcm: £429.69
Full price: £250,000
What is shared ownership?
Shared ownership allows you to buy a share of your home, with a lower deposit, smaller mortgage and monthly payment on the rest. You start by buying between 25% - 75% of your home. That means your monthly mortgage and deposit are smaller than they would be if you bought your home outright. You can buy a bigger share of your home in the future and even own 100%.
SO Resi Arborfield is part of a vibrant new neighbourhood in Berkshire, where stylish homes are surrounded by peaceful parkland and essential amenities.
Located in the leafy Berkshire countryside yet moments away from easy transport links, bustling towns and good schools, this contemporary collection of 1 bedroom homes combine the best of town and country living where families can flourish.
Light, bright and cleverly designed to maximise space, each of our properties are finished to the highest standard and ready for you to simply unpack and relax from day one. Each beautiful home offers comfortable living areas, contemporary kitchens and sleek bathrooms, all with quality fixtures and fittings. As well as plentiful communal green areas, all homes have their own private gardens or outside areas, with allocated parking. Apartments also have additional cycle storage.
Key Features
Key Features:
Allocated parking
Karndean grey oak flooring in kitchen and open plan areas
Carpets to all bedrooms, stairs and landing
Built-in wardrobe to the master bedroom
Fully fitted kitchens
Integrated Zanussi appliances
Access to apartments via the audio entry system
Available with only 5% deposit
Particulars
Tenure: Not specified
Council Tax Band: Not specified
Property Downloads
Floor Plan BrochureMap
The ‘Estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together, rent, service charge and mortgage.
- 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.
Share percentage 25%, full price £250,000, £3,125 Min Deposit. Calculated using a representative rate of 3.94%
