2 bedroom apartment for sale
Emerson Court, Albert Walk, Kings Road, RG45 7EB
Share percentage 50%, full price £245,000, £6,125 Min Deposit.
Share percentage 50%, full price £245,000, £6,125 Min Deposit.
Monthly Cost: £1,149
Rent £316,
Service charge £151,
Mortgage £682*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
Summary
A 2 bed shared ownership property available in Crowthorne, Berkshire
Description
A spacious two-bedroom apartment in Crowthorne is available for Shared Ownership. The property comprises of entrance hall, a modern open-plan kitchen with a bright, airy lounge with a bay window, two double bedrooms, and a bathroom with a bathtub. Externally there are communal grounds and an allocated parking space. A fantastic home for a first-time buyer.
Available for £122,500 for 50% share based on the marketing figure of £245,000.
Monthly rent - £315.90
Monthly Service Charge - £150.63
Total Monthly Charge - £466.53 plus mortgage required for 50% share.
An annual rent increase takes place every April
LocationLocated within a modern development of similar flats close to local schools and Crowthorne town centre and station. Good access to A329 and M3 motorway.
EPC ratingEnergy Rating Band - D
Environmental Impact Band - D
Ground Floor:
Communal entrance lobby with staircase
First Floor:
Private entrance hall with fitted storage and airing cupboards.
Bathroom with WC
Bedroom one:
Fitted cupboard
2.70 x 4.25 plus bay window.
Bedroom two:
2.00 x 3.01m
Reception room:
3.04 x 5.01m plus bay window.
Kitchen:
3.02 x 1.88m
Outside:
Communal grounds and areas, including bin and bike stores. Allocated parking space. Additional visitor parking.
Years remaining on lease: 962
In certain cases, the remaining length of the lease on a property can impact the availability of mortgages to prospective purchasers and the future saleability of the home. We recommend that you speak to your solicitor and your financial advisor to ensure that the lease length is suitable for your needs.
Key Features
- Two bedrooms
- Open plan lounge with bay window
- First Floor
- Communal grounds
- Allocated parking space
- Close to local amenities
- 5% Deposit
- Available for 50% share
Particulars
Tenure: Not specified
Council Tax Band: Not specified
Map
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 £245,000, £6,125 Min Deposit. Calculated using a representative rate of 5.03%