Shared Ownership
This superb modern home is available to buy from as little as £89,600 with a 32% share!
A bright and well-proportioned one-bedroom third-floor apartment offering 602 sq ft (55.9 sq m) of accommodation, together with a private balcony and a single allocated parking space within the gated parking area. The property features an impressive open-plan kitchen/reception room, providing generous space for both living and dining and direct access onto the balcony.
The accommodation also includes a well-sized double bedroom, modern bathroom and useful store room. The private outside space and secure allocated parking are particularly attractive features, while Amber House itself forms part of a modern town-centre development with communal areas.
Positioned in the heart of Bracknell town centre, the property is exceptionally convenient for The Lexicon and its wide selection of shops, restaurants and leisure facilities. Bracknell railway station is just moments away, providing services towards Reading and London Waterloo, making the location particularly well connected.
PRICING & AFFORDABILITY
Full Market Value: £280,000
32% Share Price: £89,600 (rent £438.53pcm)
Minimum 5% Mortgage Deposit (32% share): £4,480
Approximate Service Charges: £178.77pcm*
Lease: 990 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 £280,000 and a purchaser would not need to meet the eligibility criteria listed above.
Council Tax Band B
