Share Price £112,500 (from 50% Min. Share)

Full Value £225,000 | £11,250 Min. Deposit

Scheme: Shared Ownership Resales

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1 bedroom apartment in Slough - Slough

place Parkside Lodge, Upton Court Road, SL3 7PY

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Catalyst Housing resales

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Available on a part-buy/part-rent basis for £112,500 for 50% share


Eligibility

ELIGIBILITY:
To be eligible for this property you must be earning a household income of at least £34,224 with a deposit of £11,250 and live or work in the Slough authority area.

LOCATION:
The property is located in Parkside lodge in the Borough of Slough. The property is very centrally located within a short walking distance of the town centre.1 mile away to Slough mainland railway station, very close to the shopping centre and close to Upton Court Park.

SHARED OWNERSHIP:
The scheme allows you to purchase the specified share of the property price, and pay a reduced rent on the share you do not own. You will have the opportunity to buy further shares (subject to affordability) at a later date.
As a shared owner you will be an assured tenant until you own 100% of the shares for the property after which you will own the leasehold interest.

Sale Price and Equity
Full market value:£225,000Monthly net rent:£ 262.87
Share available:50%Monthly service charge:£ 148.06
Share price:£112,500


Description

THE PROPERTY:
One bedroom flat in Slough is available now on a part-buy/part-rent scheme. Approx. 83 years remaining on the lease.

GIA: 44 m2

Bedroom 1 – approx. (3.7m x 2.9m)
Double room, carpeted floor & radiator.

Bathroom/WC – approx. (1.4m x 2.9m)
Three piece suite, shower over bath, W.C. radiator, window and tiled floor. Well decorated.

Kitchen – approx. (2.2m x 2.7m)
Base and eye level units with surfaces, cooker, washing machine, sash window and tiled floor.

Lounge – approx. (3.6m x 3.7m)
Large room, carpeted flooring, sash window & radiator.


Energy Efficiency Rating D
Environmental Rating D


Key Features

**OPEN DAY**
Saturday 19th October 2019

12-3pm

Viewings strictly by appointment only.
For further information or to book an appointment, please contact our Sales Team on:

0208 832 3247 or
resale.staircasing@chg.org.uk


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Calculate Monthly Cost

Share price
£ 112,500
Min. £112,500
Share percentage
Min. 50%
Your deposit
Min. £11,250
Monthly cost*
£835
Cost breakdown
£263
Rent
£148
Service charge
£424
Mortgage*
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Catalyst Housing resales

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Location

Disclaimer

The information displayed about this property comprises a property advertisement. Share to Buy ltd makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Share to Buy has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by the sponsoring housing association. Please contact the housing association or estate agent directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007.

The ‘Estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together:

  • 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 costs for the property as a whole and communal areas
  • Mortgage: Share to Buy ltd are specialist Shared Ownership mortgage brokers and we use a database of daily updated mortgage rates to work out the lowest rate available for the deposit amount shown, and then generate an estimated monthly payment on a 25 year capital repayment basis.


NB: this mortgage estimate is not confirmation that you can obtain a mortgage and you will also need to satisfy the requirements of the relevant mortgage lender. Nor is this a guarantee that in practice you would be able to apply for such a rate, and nor is this a recommendation that the rate used would be the best product for you.