2 bedroom apartment for sale

Available

Memorial Avenue, SL1 3HY

£96,250 · Shared Ownership New Build

Share percentage 25%, full price £385,000, £4,813 Min Deposit.

Available
2 bedrooms
2 Bathrooms
Communal Garden
£96,250 Shared Ownership New Build

Share percentage 25%, full price £385,000, £4,813 Min Deposit.

Monthly Cost: £1,291
Rent £602, Service charge £141, Mortgage £548*

Calculated using a representative rate of 5.26%

Calculate estimated monthly costs

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Summary

We are delighted to offer this exciting opportunity of getting on to the property ladder and into a stylish, brand new, 1 & 2 bedroom homes with Shared Ownership.

Description

Reserve your new home & get £2,000 to help towards your move. Spend it on anything you might need, such as legal fees, removals or household essentials!*

*Offer available for a limited time on specific homes. T & Cs apply, please speak to the Sales Consultant for more information

Horlicks Quarter is a vibrant new destination in Slough that is the perfect base for enjoying all the rich and varied opportunities of London and the Royal County of Berkshire. Horlicks Factory sits amid green landscaped spaces, water features and tranquil gardens, all this just a few minutes from the town centre and national and international transport connections.

These brand new Shared Ownership homes are located within walking distance of Slough Train Station, with the new Elizabeth Line providing a direct train line to central London and for those travelling further afield, Heathrow airport is less than 10 miles away.

Set around stunning landscaped gardens, these apartments don’t have onsite parking and benefit from car free streets, a network of cycle paths and an exclusive resident’s car club. With Central London, Windsor, and Reading within 30 minutes travel there’s a wealth of retail, employment, and leisure prospects on your doorstep.

ELIGIBILITY

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 Horlicks Quarter you can buy a minimum 25% 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.

*Service charges are estimated and may subject to change.

**These photos are for information purposes only and may not represent a true likeness for the units being sold. They may have been taken from earlier phases or similar developments/house types and digitally furnished to represent how the home could be laid out; the final colours/appearance/specification may differ from the images and are not plot specific. We advise applicants to make their own investigations on future development in the area. We would suggest contacting the local authority for more information.

***None of the Shared Ownership homes at Horlicks Quarter come with parking. A car club is available on site and a £50 credit on a membership will be included within your purchase. Please speak to a sales advisor for further information. T&C’s apply.

Particulars

Tenure: Leasehold
Lease Length: No lease length specified. Please contact provider.
Council Tax Band: Not specified

Map
Slough (0.40 miles) Windsor & Eton Riverside (1.99 miles) Burnham (2.13 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 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.

£96,250
Shared Ownership New Build
Estimated Monthly Cost:£1,291
Rent £602
Service Charge £141
Mortgage £548

Share percentage 25%, full price £385,000, £4,813 Min Deposit. Calculated using a representative rate of 5.26%


Development
Horlicks Quarter, Slough
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.