1 bedroom apartment for sale
Novello House, Stoke Road, SL2 5BW
Share percentage 35%, full price £195,000, £3,413 Min Deposit.
Share percentage 35%, full price £195,000, £3,413 Min Deposit.
Monthly Cost: £1,003
Rent £413,
Service charge £201,
Mortgage £389*
Calculated using a representative rate of 5.26%
Calculate estimated monthly costs
Summary
A 1 bed shared ownership property available in Slough, Berkshire
Description
Modern, bright and spacious one-bedroom apartment now available in Slough, through Shared Ownership.
This property features a generous living area with an open-plan fitted kitchen, a spacious hallway and a large bedroom.
This apartment is situated on the third floor of a contemporary building (circa 2009) and offers convenient access to transport links and local amenities.
Available for £68,250 for 35% share based on the marketing figure of £195,000.
Monthly rent - £413.40
Monthly Service Charge - £200.95
Total Monthly Charge - £614.35 plus mortgage required for 35% share.
An annual rent increase takes place every April
LocationThe property is in a tranquil, established residential area in Slough, about a 10-minute walk from the railway station. Trains and the Elizabeth Line can get to London in under 20 minutes.
All amenities are nearby, and there is also a large shopping centre in Slough's town centre.
Road travel is also convenient thanks to the M4 motorway being only a 10-minute drive away.
EPC ratingEnergy rating band - C
Environmental impact band - B
Years remaining on lease: 110
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
- Modern building (2009)
- Allocated parking space
- Great travel links
- Available for 35% 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 35%, full price £195,000, £3,413 Min Deposit. Calculated using a representative rate of 5.26%
