*40% SHARED EQUITY PURCHASE - OFFERED WITH NO ONWARD CHAIN*
Ideally located next to Slough train station, with both Elizabeth line and Great Western Railway services, this two double-bedroom ground-floor flat offers convenient and well-connected living. The property comprises a good-sized lounge with access to a private terrace, a fitted kitchen, two double bedrooms and a family bathroom. The main bedroom also benefits from an en-suite shower room.
The property further benefits from one allocated parking space. An ideal opportunity for first-time buyers, commuters or investors looking for a well-connected home or investment property.
EXCELLENT TRANSPORT CONNECTIONS
Commuters are particularly well catered for, with Slough station providing frequent services towards London and direct Elizabeth line connections across central London, including Bond Street, Tottenham Court Road, Liverpool Street and Canary Wharf, as well as onward connections towards east and west London.
For motorists, the M4 and A4 provide convenient access towards Heathrow Airport, Reading and central London. A range of local bus services also operate nearby, providing further options for travelling locally and beyond.
PRICING & ELIGIBILITY:
40% of Property: £104,000
Full Market Price: £260,000
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%-10% 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.
A leaflet containing all the eligibility criteria and pricing will be sent to all interested parties and an application form will need to be completed and sent to the current housing association for their acceptance prior to an offer being agreed and solicitors instructed,
The following charges are payable:
Monthly Charges:
- Rent on remaining 60%: £491.73
- Management charge: £7.50
- Service charge: £238.33
The above charges are reviewed annually on 1st April.
Buyer costs due to Home Group on completion:
- Notice of Assignment: £75.00 + VAT
- Notice of Mortgage: £75.00 + VAT
The above charges are reviewed annually.
OTHER USEFUL INFORMATION:
Lease term: 125 years from the 1st January 2010.
Pets: Not permitted.
Ground rent: Not payable.
Subletting: Permitted with prior written consent. If permitted, a Licence to Sublet is required at a cost of £175.00 + VAT.
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