Shared Ownership
This superb modern home is available to buy from as little as £58,750 with a 25% share!
Situated within the modern Novello House development, this well-presented apartment benefits from a generous open plan living area, a fitted kitchen, two well proportioned bedrooms and a contemporary bathroom. Further benefits include allocated parking and secure entry to the building.
Novello House is conveniently located within easy reach of Slough town centre, offering an excellent range of shopping, leisure and dining facilities. The nearby Elizabeth Line provides fast and direct services into Central London, making the property particularly attractive for commuters. Windsor, Burnham Beeches and Black Park are also within easy reach, providing fantastic opportunities for outdoor recreation.
The property is exceptionally well connected, with Slough railway station offering regular Elizabeth Line and Great Western Railway services to London Paddington, Reading and beyond. The M4 (Junction 6) is just a short drive away, providing excellent road links to Heathrow Airport, the M25 and the wider motorway network.
PRICING & AFFORDABILITY
Full Market Value: £235,000
25% Share Price: £58,750 (rent £469.28pcm)
Minimum 5% Mortgage Deposit (25% share): £2,938
Approximate Service Charges: £172.67pcm*
Shared Ownership Lease: 108 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.
