Share Price £120,000 (from 50% Min. Share)

Full Value £240,000 | £6,000 Min. Deposit

Scheme: Shared Ownership Resales

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2 bedroom apartment in Slough - Slough

place Pursers Court, Elliman Avenue, SL2 5DL

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2 bed flat in a family friendly estate in Slough


Eligibility

The minimum household income requirement for this property is £31,550^.

If you will be obtaining a mortgage you will need at least £6,000 in savings (i.e. a 5% deposit).

If you will be purchasing with a mortgage you must provide us with an Agreement in Principle (AIP) to support your application. Evidence in support of your AIP (or proof of funds if cash buyers) must also be provided. Further details available on request.

In order to apply you must be registered with the local Help to Buy Agent - South https://helptobuyagent3.org.uk/user/. You will need to provide your HTB reference when completing the application process.

^If your deposit is more than 5% the minimum income requirements may be less. Please contact us for further details.

COVID19

Please note that due to current Government guidance surrounding COVID19, viewings are not being carried out. If you are eligible to apply for the property, we will hold your details and you will be invited to view when it is safe to do so.


Description

***Please quote PUR614 when enquiring.***

- Introduction -

Thinking about getting onto the property ladder? You'll find this ground-floor apartment perfectly placed in Slough, with easy access to transport local links, main commuter routes and an abundance of recreational amenities: giving you everything you need in the immediate area and beyond.

- What the owner says -

“You’re only walking distance away from local schools, shops and Slough Railway Station. There’s quick access to the M4, M40, M25 and Heathrow Airport, making this location ideal. You don’t need to worry about parking because there are allocated bays and you can enjoy the outside space offered by the communal garden.”

- Full Description –

Shared ownership is a government backed scheme that can be a stepping stone to completely owning your own home. If you’re finding it difficult to save for a deposit this is a great option as the amount you’ll need is based on the share you’re buying. At this property a 5% deposit is attainable at just £6,000 for a 50% share!

- Two-bedroom ground-floor flat

- Entrance hallway has two storage cupboards and a telephone entry system

- Living room with a window to the front aspect.

- Kitchen has built-in units and a window to the front aspect.

- Master bedroom with a window overlooking the communal garden.

- Second bedroom has a window to the rear aspect.

- Bathroom has a bath with an overhead shower, a wash hand basin with under-sink storage and a WC.

- Carpet is fitted to the master bedroom. Wooden flooring is laid to living areas and the second bedroom. Vinyl flooring is fitted to the kitchen.

- Gas central heating.

- Communal garden.

- Allocated parking bay.

- Costs –

PRICE - £120,000*

RENT - £294.67pm

SERVICE CHARGE - £96.36pm**

*This represents a 50% share of the full open market value of £240,000

**This includes: management charge, service charge, building insurance and sinking fund. Rent and service charges are reviewed annually.

- Eligibility Requirements -

The minimum household income requirement for this property is £31,550^.

If you will be obtaining a mortgage you will need at least £6,000 in savings (i.e. a 5% deposit).

If you will be purchasing with a mortgage you must provide us with an Agreement in Principle (AIP) to support your application. Evidence in support of your AIP (or proof of funds if cash buyers) must also be provided. Further details available on request.

In order to apply you must be registered with the local Help to Buy Agent - South https://helptobuyagent3.org.uk/user/. You will need to provide your HTB reference when completing the application process.

^If your deposit is more than 5% the minimum income requirements may be less. Please contact us for further details.

COVID19

Please note that due to current Government guidance surrounding COVID19, viewings are not being carried out. If you are eligible to apply for the property, we will hold your details and you will be invited to view when it is safe to do so.

- General Information -

Tenure: Leasehold

Lease: 99 years from 1 April 2002

Years remaining on lease: approx. 81

Approximate internal area: 53 sq. m.

Local Authority: Slough Borough Council

Council Tax Band: C

EPC Rating: C (78)

- Terms and Conditions -

***Applicants must have a local connection to Slough, be registered with Slough Borough Council and Help to Buy South. Priority is given to first time buyers. Current home owners must have a sale agreed to apply.***


- Viewings -

Applications are only accepted from those who have viewed the property. If you have viewed and would like to apply please register your interest with the Resales Team.


Key Features

  • *£120,000 for a 50% share available under the shared ownership scheme*
  • Only £6,000 for a 5% deposit!
  • You can purchase more shares up to 100% when the time is right for you
  • Viewing is highly recommended
  • Excellent starter home
  • Allocated parking
  • Communal garden area
  • Walking distance to public transport and Slough Train Station
  • Easy access to the M4, M40, M25 and Heathrow Airport

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Calculate Monthly Cost

Share price
£ 120,000
Min. £120,000
Share percentage
Min. 50%
Your deposit
Min. £6,000
Monthly cost*
£970
Cost breakdown
£295
Rent
£96
Service charge
£579
Mortgage*
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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.