1 bedroom apartment for sale
Cardew Court, Bracknell, RG12 7DZ
Share percentage 50%, full price £220,000, £5,500 Min Deposit.
Share percentage 50%, full price £220,000, £5,500 Min Deposit.
Monthly Cost: £1,109
Rent £344,
Service charge £152,
Mortgage £613*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
Summary
A 1 bed shared ownership property available in Bracknell, Berkshire
Description
Contemporary first floor apartment in Bracknell is available for sale through the Shared Ownership Scheme. The property comprises two large bedrooms, family bathroom with bath/shower, an open plan lounge with balcony access, fitted kitchen, and dining room. The flat is presented in good condition with modern decoration and all windows are uPVC double glazed casement units. The residents benefit from well-kept communal gardens and one allocated off-road parking space.
Available for £110,000 for 50% share based on the marketing figure of £220,000.
Monthly rent - £344.07
Monthly Service Charge - £152.06
Total Monthly Charge - £496.13 plus mortgage required for 50% share.
An annual rent increase takes place every April
LocationThe flat is situated 1 mile to the south of the Bracknell town centre and benefits from
close proximity to the A322. There are 10 schools within 1 mile. Nearest train stations are
Bracknell (0.3 miles), Martins Heron (1.3 miles) & Ascot (3.4 miles).
Energy Rating Band - B
Environmental Impact Band - B
Gross internal floor area: 49 m²
Living room & kitchen: 7.04 x 3.38 m
Bedroom 1: 4.72 x 3.56 mPrivate balcony, communal grounds and areas, including bin and bike stores.
Allocated parking space. Additional visitor parking.
Years remaining on lease: 117
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
- One bedroom apartment
- Private balcony
- Lift access
- Communal gardens
- Allocated off road parking
- Great transport links
Particulars
Tenure: Not specified
Council Tax Band: Not specified
Property Downloads
Floor PlanMap
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 £220,000, £5,500 Min Deposit. Calculated using a representative rate of 5.03%
