1/7
£110,000
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 £275,000 and a purchaser would not need to meet the eligibility criteria listed above.
This superb modern home is available to buy from as little as £110,000 with a 40% share!
This modern one-bedroom flat offers stylish open-plan living in a highly desirable area of Maidenhead. The property features a bright and spacious lounge with a contemporary fitted kitchen, a well-proportioned double bedroom, and a sleek modern bathroom, making it an ideal home for first-time buyers, professionals, or those looking for a smart investment.
Residents benefit from easy access to a wide range of local amenities, including shops, cafés, restaurants, and leisure facilities, all just a short distance away. Excellent transport connections add to the appeal, with Maidenhead station providing fast services into London Paddington and connections to the Elizabeth Line, while the M4 and M40 motorways are close by for convenient road links.
PRICING & AFFORDABILITY
Full Market Value: £275,000
40% Share Price: £110,000 (rent £538.94pcm)
Minimum 5% Mortgage Deposit (40% share): £5,500
Approximate Service Charges: £108.11pcm*
Lease: 120 Years Remaining
You can add locations as 'My Places' and save them to your account. These are locations you wish to commute to and from, and you can specify the maximum time of the commute and by which transport method.
Sown Shared Ownership