Shared Ownership
This superb modern home is available to buy from as little as £81,250 with a 25% share!
A spacious and well-presented two-bedroom third-floor apartment situated within the modern Amber House development in the heart of Bracknell. Offering approximately 756 sq ft of accommodation, the property benefits from a private balcony, allocated parking space and a 990-year lease.
The accommodation centres around an impressive open-plan kitchen and reception room, providing generous space for both living and dining and opening directly onto the balcony. There are two well-proportioned double bedrooms, with the principal bedroom benefiting from an en-suite shower room, alongside a separate family bathroom and useful storage.
Amber House occupies an excellent town-centre position, within easy reach of The Lexicon and its extensive range of shops, restaurants and leisure facilities. Bracknell railway station is also just a short walk away, providing direct services towards Reading and London Waterloo.
PRICING & AFFORDABILITY
Full Market Value: £325,000
25% Share Price: £81,250 (rent £628.54pcm)
Minimum 5% Mortgage Deposit (25% share): £4,062.50
Approximate Service Charges: £190.32pcm*
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 £325,000 and a purchaser would not need to meet the eligibility criteria listed above.
Council Tax Band C
