2 bedroom apartment for sale
Warren Down, Bracknell, RG42 1WD
Share percentage 50%, full price £230,000, £5,750 Min Deposit.
Share percentage 50%, full price £230,000, £5,750 Min Deposit.
Monthly Cost: £1,160
Rent £408,
Service charge £97,
Mortgage £655*
Calculated using a representative rate of 5.26%
Calculate estimated monthly costs
Summary
A 2 bed shared ownership property available in Bracknell, Berkshire
Description
Traditional brick and bright two-bedroom apartment now available in Bracknell through Shared Ownership.
The property comprises a wide living room, a separate fitted kitchen, and two good-sized bedrooms. This could be ideal for a small family or couple.
The flat is on the ground floor of a relatively modern building (circa 2005); it has allocated parking space and a shared garden area.
Available for £115,000 for 50% share based on the marketing figure of £230,000.
Monthly rent - £407.94
Monthly Service Charge - £97.21
Total Monthly Charge - £505.15 plus mortgage required for 50% share.
An annual rent increase takes place every April
LocationThe property is located just outside Bracknell's town centre, in a residential area, and about 10 minutes away from the railway station. London can then be reached in about an hour and a half.
The close M4 and A329(M) motorways, about 5 minutes away, also make road travel convenient.
Bracknell is a recently renovated area with several modern shops, pubs and restaurants. Many new offices and spaces for business are also currently being built, promoting new jobs in the town.
Many schools of all levels can be found nearby within a mile's distance.
EPC ratingEnergy rating band - C
Environmental impact band - C
Gross internal floor area: 59 m²
Living room: 5.94 x 3.35 m
Kitchen: 2.74 x 1.93 m
Bedroom 1: 3.71 x 2.69 m
Bedroom 2: 3.71 x 2.57 m
Years remaining on lease: 972
The remaining length of the lease on a property can impact the availability of mortgages to prospective purchasers and the future saleability of the home. We recommend that you speak to your solicitor and your financial advisor to ensure that the lease length is suitable for your needs.
Key Features
- Two-bedroom apartment
- Traditional brick building
- Ground floor
- 10 minutes from Bracknell
- Available for 50% share
- 5% minimum deposit only
Particulars
Tenure: Not specified
Council Tax Band: Not specified
Property Downloads
Floor PlanMap
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 50%, full price £230,000, £5,750 Min Deposit. Calculated using a representative rate of 5.26%