Shared Ownership
This superb modern home is available to buy from as little as £81,000 with a 30% share!
Situated within the popular Kingsquarter development in Maidenhead, this well-proportioned first floor apartment offers spacious and practical accommodation. The property features a generous reception/dining room alongside a separate fitted kitchen. There are two good sized bedrooms, with the principal bedroom benefiting from an en-suite shower room, while a separate family bathroom serves the remainder of the apartment. The apartment also comes with an allocated underground parking space.
Blenheim Court is conveniently positioned within the established Kingsquarter development, within easy reach of Maidenhead town centre. The town offers an excellent selection of shops, supermarkets, cafés, restaurants and leisure facilities, providing everything needed for everyday living. The nearby River Thames offers picturesque walking routes and outdoor recreational opportunities, while local parks and green spaces provide further options for relaxation and leisure.
The property is particularly well located for commuters, with Maidenhead railway station approximately 0.6 miles away, offering Elizabeth Line and Great Western Railway services towards London, Reading and beyond. The Elizabeth Line provides convenient connections to central London, Canary Wharf and Heathrow Airport via Hayes & Harlington. For those travelling by road, the nearby A4 and M4 motorway provide excellent links towards London, Slough, Reading and the wider motorway network.
PRICING & AFFORDABILITY
Full Market Value: £270,000
30% Share Price: £81,000 (rent £646.98pcm)
Minimum 5% Mortgage Deposit (30% share): £4,050
Approximate Service Charges: £172.69pcm*
Shared Ownership Lease: 972 years remaining
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 £270,000 and a purchaser would not need to meet the eligibility criteria listed above.
