Share Price £110,000 (from 50% Min. Share)

Full Value £220,000 | £11,000 Min. Deposit

Scheme: Shared Ownership Resales

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1 bedroom apartment in Maidenhead - Windsor and Maidenhead

place Chapel Arches, Forlease Road, SL6 1RU

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One Housing Group (resales)

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One Bedroom flat for sale - 50% Share available


Eligibility

Eligibility Criteria

Household income must not exceed £80,000 (outside of London) or £90,000 (in London) Must pass the One Housing financial assessment (done after receiving the application, which can only be submitted after viewing the property)
No cash buyers
No pets
Applicants must be able to afford their purchase, and sustain their housing costs
Applicants are primarily expected to be first time buyers, though some applicants who own or have previously owned a home may be eligible, including existing shared owners
Applicants must be unable to purchase a property suitable to meet their needs on the open market
Priority will be given to Armed Forces personnel (serving military personnel and former members of the British Armed Forces discharged in the last 2 years) and then on a first come first serve basis

Please be advised that if all applicants meet the criteria above the property will be offered on a first come first serve basis, this means that the first eligible applicant who submits an application will be nominated as the buyer.

 


Description

A spacious and well-presented one bedroom ground floor apartment, which is conveniently situated at the quiet end of town with an easy walk to all amenities including the station.

Comprising of a generous sitting/dining room at just under 17ft, separate kitchen, bathroom and bedroom.

The property benefits from gas central heating, double glazing, communal gardens and a communal store area.

Lounge/Diner – 16’10” x 11’4”

TV and phone point, 2 radiators and double doors leading to communal garden area.

Kitchen - 5’10” x 7’3”

Fully fitted kitchen with built in electric oven and solid plate hob.

1 and half bowl sink and space/plumbing for washing machine and fridge.

Bedroom - 13’4” x 9’2”

With single radiator.

Bathroom – 5’5” x 6’11”

White suite with shower over bath, sink and WC. Single radiator.

Hallway

2 Cupboards, one containing gas supplied boiler/hot water tank. Phone point.

Entrance Hall/Lobby

Telephone entry system.


Key Features

- Ground floor flat.

- Direct access to outside garden space.

- Allocated parking space and visitor parking.

- 5 minute walk to train station.

- Perfect for first time buyers.

- Gas Central Heating.


Download Documents

Link to the floor plan
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Calculate Monthly Cost

Share price
£ 110,000
Min. £110,000
Share percentage
Min. 50%
Your deposit
Min. £11,000
Monthly cost*
£773
Cost breakdown
£268
Rent
£91
Service charge
£414
Mortgage*
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One Housing Group (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.