2 bedroom apartment for sale
45 Coopers Hill, RG12 7QN
Share percentage 40%, full price £317,500, £6,350 Min Deposit.
Share percentage 40%, full price £317,500, £6,350 Min Deposit.
Monthly Cost: £1,339
Rent £437,
Service charge £178,
Mortgage £724*
Calculated using a representative rate of 5.26%
Calculate estimated monthly costs
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 Coopers Hill 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.
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.
Summary
This brand new home is available to buy from as little as £127,000 with a 40% share!
Description
Coopers Hill is a welcoming new community of high-quality homes in the heart of flourishing Bracknell. Set amongst extensive, attractive landscaping, these homes are somewhere to retreat and relax. And yet they’re just a 2 minute walk from the train station, a 3 minute walk from the bus station, and within a short walk of Bracknell’s other town centre amenities.
Bracknell not only offers a wide variety of shops, restaurants and leisure facilities, it’s a bustling centre for employment. Many national companies are headquartered there, including Waitrose, Honda and Fujitsu. It’s close to the M4 corridor’s hi-tech employment hotspot and within easy reach of other towns and cities. By train from Bracknell, it’s just 6 minutes to Wokingham, 7 minutes to Ascot, 23 minutes to Reading, 53 minutes to London’s Clapham Junction and about an hour to London Waterloo Railway Station.
Bracknell has a great mix of big-brand and independent stores. At The Lexicon, you’ll find Fenwick, Waitrose, M&S, H&M, Next and other well-known names. The Peel Centre, a 10 minute walk away is home to several stores for practical buys, including Halfords, Currys, Home Bargains, Pets at Home and Morrisons. Tesco Superstore, Sainsbury’s, and Aldi are all within a short drive. The nearby large town of Reading boasts The Oracle, which is home to more than 80 stores and Wokingham offers lots of independent boutiques in attractive, historic surroundings.
This brand new first floor apartment features a stunning large private roof terrace and an open plan living/kitchen space with access to a private balcony, two double bedrooms, bathroom and allocated parking.
PRICING & AFFORDABILITY
Approximate Size 69.5 sq m
Full Market Value: £317,500
40% Share Price: £127,000 (rent £436.56pcm)
50% Share Price: £158,750 (rent £363.80pcm)
75% Share Price: £238,125 (rent £181.90pcm)
Minimum 5% Mortgage Deposit (40% share): £6,350
Approximate Service Charges: £177.77 pcm*
Shared Ownership Lease: 990 years
Council Tax Band: TBC
Key Features
Brand new Shared Ownership home
Two double bedrooms
Parking
0.1 mile to Bracknell train station
Balcony
Excellent shopping facilities and commuter links
Particulars
Tenure: Leasehold
Lease Length: 990 years
Council Tax Band: New build - Council tax band to be determined
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 40%, full price £317,500, £6,350 Min Deposit. Calculated using a representative rate of 5.26%
