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£75,000
This superb modern home is available to buy from as little as £75,000 with a 30% share!
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 £250,000 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 £75,000 with a 30% share!
This contemporary one-bedroom apartment, situated on the third floor, offers stylish and low-maintenance living in the heart of Bracknell. The open-plan living room and kitchen create a bright and sociable space, ideal for modern living. The well-proportioned bedroom is complemented by a contemporary bathroom. Additional benefits include an allocated parking space, providing convenience and security.
Located in a sought-after area, the apartment is within walking distance of a variety of local amenities, including shops, supermarkets, cafés, and restaurants. The Lexicon Shopping Centre, offering a wide range of retail and dining options, is just a short walk away. For outdoor enthusiasts, nearby parks and green spaces provide ample opportunities for recreation.
Excellent transport links enhance the property's appeal. Bracknell Railway Station, approximately a 5-minute walk away, offers direct services to London Waterloo, Reading, and other destinations, making it ideal for commuters. The apartment also benefits from easy access to major road networks, including the A322, M3, and M4, facilitating convenient travel by car.
PRICING & AFFORDABILITY
Full Market Value: £250,000
30% Share Price: £75,000 (rent £437.21pcm)
Minimum 5% Mortgage Deposit (30% share): £3,750
Approximate Service Charges: £103.30 pcm*
Lease: 121 years
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