Shared Ownership

This superb modern home is available to buy from as little as £96,250 with a 35% share!

A first floor maisonette located within this 2018 development close to Maidenhead town centre and mainline railway station. The property benefits from a private, sunny garden and its own front door. The accommodation comprises double bedroom, bathroom and open plan kitchen/dining/living space. There is a long lease and an allocated parking space for one car directly outside the front door.

This property is located within a 10 minute walk of Maidenhead town centre and railway station. The town is currently undergoing regeneration and already provides a variety of bars, cafes, pubs and eateries.
The train station provides regular links to London, Reading, Oxford and many surrounding areas.
The River Thames runs along the east of the town where there are a selection of riverside restaurants and pleasant walks towards Bray, Windsor or Cookham.

PRICING & AFFORDABILITY

Full Market Value: £275,000

35% Share Price: £96,250 (rent £530.73 pcm)
Minimum 5% Mortgage Deposit (35% share): £4812.50
Approximate Service Charges: £49.08 pcm*
Lease: 119 years

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 £275,000 and a purchaser would not need to meet the eligibility criteria listed above.
Service Charge: 588.96.