2 bedroom apartment for sale
Chancel Mansions, Hebbecastle Down, RG42 2QA
Share percentage 50%, full price £245,000, £6,125 Min Deposit.
Share percentage 50%, full price £245,000, £6,125 Min Deposit.
Monthly Cost: £1,159
Rent £323,
Service charge £154,
Mortgage £682*
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 & spacious two-bedroom apartment now available in Bracknell through Shared Ownership.
The property comprises a wide living room, a separate kitchen with dining area, and two large bedrooms. This could be ideal for a small family or a couple.
The flat is on the second floor, and it has allocated parking space.
Available for £122,500 for 50% share based on the marketing figure of £245,000.
Monthly rent - £322.67
Monthly Service Charge - £154.44
Total Monthly Charge - £477.11 plus mortgage required for 50% share.
An annual rent increase takes place every April
LocationThe property sits in a tranquil residential area in Quelm Park, north of Bracknell, and is close to the town centre, about a 5-minute drive away. The bus station is just a stone's throw away, allowing to reach the town centre in just 10 minutes.
Road travel is quite convenient, thanks to the M4 and the A329, just 5-10 minutes away, depending on traffic.
All amenities are nearby, with more pubs, restaurants and shops in Bracknell at at the Lexicon shopping centre.
The property is also surrounded by numerous parks and natural green areas.
There are also several schools in the area, some of which are within walking distance.
EPC ratingEnergy rating band - C
Environmental impact band - C
Years remaining on lease: 121
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-bedroom apartment
- Separate kitchen & dining room
- Allocated parking
- Close to natural reserves
- Available for 50% 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 50%, full price £245,000, £6,125 Min Deposit. Calculated using a representative rate of 5.03%
