2 bedroom apartment for sale
Robina House, Pollardrow Avenue, RG42 1PA
Share percentage 40%, full price £250,000, £5,000 Min Deposit.
Share percentage 40%, full price £250,000, £5,000 Min Deposit.
Monthly Cost: £1,351
Rent £625,
Service charge £169,
Mortgage £557*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
Summary
A 2 bed shared ownership property available in Bracknell, Berkshire
Description
Bright and spacious two-bedroom apartment in Bracknell available through Shared Ownership.
This ground-floor apartment comprises an entrance hall, a separate kitchen, a large reception room, two bedrooms, and a shared bathroom. The property also benefits from an allocated parking space and access to communal grounds.
Available for £100,000 for 40% share based on the marketing figure of £250,000.
Monthly rent - £625.02
Monthly Service Charge - £169.25
Total Monthly Charge - £794.27 plus mortgage required for 40% share.
An annual rent increase takes place every April
LocationThe property is located in a modern residential development close to a range of local amenities including local shops and a pub. The property is only a 5-minute drive or 20-minute walk to the centre of Bracknell, which offers a further range of amenities including Bracknell train station, which offers connections to London and Reading. The property also benefits from easy access to the A329(M) and M4.
EPC ratingEnergy rating band - C
Environmental impact band - C
Gross internal floor area: 60 m²
Living room: 4.27 x 3.81 m
Kitchen: 2.90 x 2.44 m
Bedroom 1: 3.51 x 3.05 m
Bedroom 2: 4.11 x 3.20 m
Years remaining on lease: 968
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.
Other informationThe advertised lease length is subject to a simultaneous lease extension upon completion at no cost to the buyer.
Key Features
- Two-bedroom apartment
- Ground floor
- Separate kitchen
- Allocated parking
- Available for 40% share
- 5% minimum deposit only
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 40%, full price £250,000, £5,000 Min Deposit. Calculated using a representative rate of 5.03%
