2 bedroom apartment for sale
Orchid House, Vicus Wway, SL6 1EG
Share percentage 46%, full price £350,000, £8,050 Min Deposit.
Share percentage 46%, full price £350,000, £8,050 Min Deposit
Monthly Cost: £1,705
Rent £579,
Service charge £251,
Mortgage £875*
Calculated using a representative rate of 4.78%
Calculate estimated monthly costs
Summary
A 2 bed shared ownership property available in Maidenhead, Berkshire
Description
This well presented 2-bedroom apartment on the first floor of a 5-storey block of flats is available through Shared Ownership in Maidenhead, Berkshire.
The accommodation comprises an open plan kitchen, lounge and dining room, a balcony and a bathroom with an integral bath/shower.
Available for £161,000 for 46% share based on the marketing figure of £350,000.
Monthly rent - £578.58
Monthly Service Charge - £250.63
Total Monthly Charge - £829.21 plus mortgage required for 46% share.
An annual rent increase takes place every April
LocationThis shared ownership home is ideally located just 0.6 miles south of Maidenhead town centre, offering convenient access to a variety of amenities. The property benefits from its close proximity to the M4 and the A404(M). Maidenhead town centre features a range of shopping options, including the Nicholsons Shopping Centre, and a variety of restaurants and cafes catering to diverse culinary tastes. Several parks and green spaces are nearby, perfect for outdoor activities and relaxation.
Families will appreciate the excellent educational opportunities, with 10 schools within a 1-mile radius. The nearest train station is Maidenhead, just 0.6 miles away, offering regular services to London via the Elizabeth line and other major destinations.
EPC ratingEnergy rating band: B
Environmental impact band: B
Lease informationYears remaining on lease: 117
In certain cases, 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
- 2-bedroom apartment
- Private balcony
- Lift servicing all floors
- Great transport links
- Available for 46% share
- 5% minimum deposits only
Particulars
Tenure: Not specified
Council Tax Band: Not specified
Property Downloads
Key Information Document Floor PlanMap
Material Information
Total rooms:
Furnished: Enquire with provider
Washing Machine: Enquire with provider
Dishwasher: Enquire with provider
Fridge/Freezer: Enquire with provider
Parking: n/a
Outside Space/Garden: n/a
Year property was built: Enquire with provider
Unit size: Enquire with provider
Accessible measures: Enquire with provider
Heating: Enquire with provider
Sewerage: Enquire with provider
Water: Enquire with provider
Electricity: Enquire with provider
Broadband: Enquire with provider
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 46%, full price £350,000, £8,050 Min Deposit. Calculated using a representative rate of 4.78%
