1 bedroom apartment for sale
Crown Lane, SL6 1BX
Share percentage 30%, full price £355,000, £5,325 Min Deposit.
Share percentage 30%, full price £355,000, £5,325 Min Deposit.
Monthly Cost: £1,269
Rent £529,
Service charge £133,
Mortgage £607*
Calculated using a representative rate of 5.26%
Calculate estimated monthly costs
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 Waterside Quarter you can buy a minimum 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.
Summary
Plot 133 – Brand new 1 Bedroom Shared Ownership Apartment
Description
The Tre Archi Apartment Collection forms the last phase at Waterside Quarter. Offering contemporary living in the heart of Maidenhead with parking and a luxurious specification, this selection of one and two bedroom shared ownership apartments couldn’t be better located.
The Tre Archi Apartments sit on the bank of the rejuvenated Maidenhead waterways, a new, stylish social hub of restaurants and bars, with the convenience of London Paddington being on a 18 minute train journey. With the new Elizabeth Line open commuting to Central London for work or pleasure has never been easier with express train links running every 5 minutes. Experience an enviable lifestyle that living at Waterside Quarter can only bring. Maidenhead train station is just a little over ½ mile from Waterside Quarter.
The Tre Archi Apartments have been specifically designed to create a peaceful and relaxing environment to call home; from open plan living, to sleek contemporary lines these open and airy apartments. With design touches including built-in wardrobes and smart en-suites, convenience is at the heart of every apartment. Waterside Quarter sits beautifully within a tranquil waterside setting and include private parking. The specification within these apartments are as stylish and practical as its design and this continues through to the balconies and terraces.
This brand new Shared Ownership home features an open plan lounge/kitchen/diner with a Juliet balcony to Plot 133, a double bedroom, family bathroom and right to park on the development.
Key Features
Brand new Shared Ownership home
Waterside setting
High quality specification
Allocated parking
Just over ½ mile from Maidenhead train station
Beautiful open plan lounge/kitchen/diner
Juliet balcony
Particulars
Tenure: Leasehold
Lease Length: 250 years
Council Tax Band: C
Property Downloads
Floor Plan Energy CertificateMap
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 and repairs for communal areas within your development.
- Mortgage: Share to Buy use a database of mortgage rates to work out the rate likely to be available for the deposit amount shown, and then generate an estimated monthly plan on a 25 year capital repayment basis.
NB: This mortgage estimate is not confirmation that you can obtain a mortgage and you will need to satisfy the requirements of the relevant mortgage lender. This is not a guarantee that in practice you would be able to apply for such a rate, nor is this a recommendation that the rate used would be the best product for you.
Share percentage 30%, full price £355,000, £5,325 Min Deposit. Calculated using a representative rate of 5.26%
