2 bedroom apartment for sale
Langford Way, RG19 4AW
Share percentage 40%, full price £279,000, £5,580 Min Deposit.
Share percentage 40%, full price £279,000, £5,580 Min Deposit
Monthly Cost: £1,074
Rent £426,
Service charge £42,
Mortgage £606*
Calculated using a representative rate of 4.78%
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.
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.
*Service charges are estimated and may subject to change. Rent and service charges will be reviewed annually by your housing provider, usually on 1st April each year.
** This home can also be purchased outright (100% of the value) which is £279,000 and a purchaser would not need to meet the eligibility criteria listed above.
Summary
This superb modern home is available to buy from as little as £111,600 with a 40% share!
Description
This superb modern home is available to buy from as little as £111,600 with a 40% share!
A very well presented two bedroom ground floor apartment located in Thatcham which provides spacious, well-planned accommodation. A good size living/dining room has doors opening on to a private enclosed garden and is open plan with a modern fitted kitchen. There are two double bedrooms and a large bathroom. Outside the garden is a sunny south facing aspect with an awning and there two allocated parking spaces at the front of the property.
Langford Way is approximately 0.4 miles from Thatcham town centre where there are many amenities, eateries and local shops. This property is located in a quiet cul-de-sac, to the south of Thatcham. The property is within a two-minute walk to the railway station with great links to London and the South West. It is also very close to the Kennet and Avon canal, fabulous for countryside walks. Furthermore, there are great transport links to the M3 and M4 which are easily accessible.
PRICING & AFFORDABILITY
Full Market Value: £279,000
40% Share Price: £111,600 (rent £425.76pcm)
Minimum 5% Mortgage Deposit (% share): £5,580
Approximate Service Charges: £42.22pcm*
Lease: 121
Key Features
Modern shared ownership apartment
Two double bedrooms
Modern bathroom
Open plan kitchen/living/dining space
No onward chain
Parking
Particulars
Tenure: Leasehold
Lease Length: 121 years
Council Tax Band: C
Map
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 40%, full price £279,000, £5,580 Min Deposit. Calculated using a representative rate of 4.78%
