1 bedroom apartment for sale
Foundry Court, Mill Street, Slough, SL2 5FZ
Share percentage 50%, full price £195,000, £9,750 Min Deposit.
Share percentage 50%, full price £195,000, £9,750 Min Deposit.
Monthly Cost: £1,119
Rent £397,
Service charge £230,
Mortgage £492*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
Summary
A Fantastic Opportunity to Purchase a One Bedroom Flat on a Shared Ownership (Part Buy/Part Rent) Basis
Description
A top-floor flat (building has a lift) featuring a spacious, open-plan kitchen/reception room with double doors that lead out onto a south/south-west-facing balcony. There is a good-sized bedroom, some useful built-in storage in the hallway and a bathroom with decorative mosaic tiles. Foundry Court is in an exceptionally convenient location, just minutes from Slough Station (for Elizabeth Line and GWR services) and only a short walk from the shopping centres and numerous stores on the High Street. The property comes with use of a parking space plus access to the communal cycle store.
SHARED OWNERSHIP (Advertised price represents 50% share. Full market value £195,000).
INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [https://tinyurl.com/yhkyzkee]
(Please note the minimum income and deposit requirements for eligibility. You do not need to request a viewing separately once you have completed the application form.)
Housing Association: A2Dominion.
Tenure: Leasehold (125 years from 2008).
Minimum Share: 50% (£97,500). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £397.35 per month (subject to annual review).
Service Charge: £230.18 per month (subject to annual review).
Guideline Minimum Income: Dual - £35,100 | Single - £41,300 (based on minimum share and 10% deposit).
Council Tax: Band C, Slough Borough Council. Priority is given to applicants living and/or working in this local authority.
This property is offered for sale in the condition seen. The housing association does not warrant to carry out any remedial or redecoration work of a cosmetic nature unless specifically advised in writing. As a general rule, fitted domestic appliances are included in the sale; non-fitted appliances are not. If you require confirmation, you must request this in writing from Urban Moves. The information in this document supersedes any information given verbally either in person or by telephone. Pets not permitted (except assistance animals).
Key Features
- Guideline Minimum Deposit £9,750
- Guide Minimum Income £35.1k Dual £41.3k Single
- Fourth Floor (building has a lift)
- Approx. 565 Sqft Gross Internal Area
- Open Plan Kitchen/Reception Room
- Balcony
- Parking Space
- Minutes from Slough Station
Particulars
Tenure: Leasehold
Lease Length: No lease length specified. Please contact provider.
Council Tax Band: C
Property Downloads
Floor Plan BrochureMap
The ‘estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together: rent, service charge and mortgage.
- Rent: This is charged on the share you do not own and is usually payable to a housing association (rent is not generally payable on shared equity schemes).
- Service Charge: Covers maintenance and repairs for communal areas within your development.
- Mortgage: Share to Buy use a database of mortgage rates to work out the rate likely to be available for the deposit amount shown, and then generate an estimated monthly plan on a 25 year capital repayment basis.
NB: This mortgage estimate is not confirmation that you can obtain a mortgage and you will need to satisfy the requirements of the relevant mortgage lender. This is not a guarantee that in practice you would be able to apply for such a rate, nor is this a recommendation that the rate used would be the best product for you.
Share percentage 50%, full price £195,000, £9,750 Min Deposit. Calculated using a representative rate of 4.59%