1 bedroom apartment for sale

Available

Herschel Street, SL1 1PG

£125,000 · Shared Ownership New Build

Share percentage 50%, full price £250,000, £6,250 Min Deposit.

Available
1 bedroom
1 Bathroom
Floor plan
floor-plan
Floor plan
floor-plan
£125,000 Shared Ownership New Build

Share percentage 50%, full price £250,000, £6,250 Min Deposit.

Monthly Cost: £1,022
Rent £286, Service charge £113, Mortgage £623*

Calculated using a representative rate of 3.94%

Calculate estimated monthly costs

£
Summary

One Bedroom Apartment

Description

**OPEN DAY 7/5/22 - APPOINTMENT ONLY - ENQUIRE NOW TO BOOK IN**

Own your home from just £7,500 deposit using Shared Ownership!!

These beautiful 1 bedroom apartments are available to purchase from a 60% share when you use the Popular Shared Ownership* Scheme, with just a deposit starting from £7,500!

The stunning open plan kitchen/dining/living room is ready to enjoy from the day you move in, with a single oven, hob and flooring already included.

The bedroom allows plenty of space to make your own and have access to the stylish bathroom.

Just 15 minutes from Heathrow airport and few minutes from picturesque Windsor you can buy your new home from as little as £150,000 on shared ownership.

Perfect for commuters with Slough station just a few minutes walk away, these apartments are ideal for professionals, commuters and first-time buyers.

Please get in touch with us if you wish to discuss buying your new home with us.

Full Market Value: £250,000

40% Share £100,000 - Rent 343.75 pcm – Deposit £5,000

60% Share £125,000 - Rent £229.17 pcm – Deposit £7,500

75% Share £187,500 - Rent £143.23 pcm – Deposit £9,375

Approximate Service Charges: £113 pcm.

Slough is a regeneration hotspot just outside of the centre of London which is only 30 minutes away by train for commuters. Slough is popular with young professionals working in central London. It is very much considered on London's commuter belt and is home to globally recognised brands and businesses whilst being local to the Berkshire countryside if you like the outdoors.

These homes would appeal to commuters and downsizers who would like good proximity to London and the great transport links. Residents will be ideally situated to take advantage of Slough’s excellent road and rail links. Slough train station is only a few minutes walk away, providing direct services to Heathrow Airport, London Paddington and Reading. Those who travel by car can join either the M4 or M25 within minutes.

The Shared Ownership scheme is a Part Buy, Part Rent way of owning your own home for a smaller upfront payment. With Shared Ownership, you buy a share of your home using a mortgage from a bank or building society and pay a subsidised rent on the share you did not purchase. The combined mortgage and rent is usually less than you'd expect to pay if you bought a similar property outright.

At Aspire in Slough you can buy a minimum 40% 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.

Please note: Floor plans are provided for guidance purposes only and no responsibility is taken for any error, omission, or mis-statement as these floor plans.

To register your interest or for any other enquiries please contact our sales team

Key Features

Shared Ownership

One bedroom

Reserve for minimum of £5,000

Walking distance Slough Station

Particulars

Tenure: Not specified
Council Tax Band: Not specified

Property Downloads
Floor Plan
Map
Slough (0.32 miles) Windsor & Eton Riverside (1.55 miles) Datchet (1.77 miles)
Monthly Cost Calculator

The ‘Estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together, rent, service charge and mortgage.

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  • 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.

£125,000
Shared Ownership New Build
Estimated Monthly Cost:£1,022
Rent £286
Service Charge £113
Mortgage £623

Share percentage 50%, full price £250,000, £6,250 Min Deposit. Calculated using a representative rate of 3.94%


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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.