2 bedroom apartment for sale
Exploration Way, SL1 3HY
Share percentage 35%, full price £370,000, £6,475 Min Deposit.
Share percentage 35%, full price £370,000, £6,475 Min Deposit.
Monthly Cost: £1,516
Rent £551,
Service charge £227,
Mortgage £738*
Calculated using a representative rate of 5.26%
Calculate estimated monthly costs
ELIGIBILITY
Shared Ownership gives first time buyers and those that do not currently own a home the opportunity to purchase a share in a new build or resales leasehold property. The purchaser pays a mortgage on the share they own and pays rent to a housing association on the remaining share. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright although this is not a guarantee.
At Horlicks Quarter you can buy a minimum 10% share of your home (the maximum you can buy initially is 75%). When you’re ready, you can buy more shares until you staircase to owning 100% of your home.
To be eligible for shared ownership you would need to meet the following criteria:
• Your annual household income does not exceed £80,000
• You have a deposit of at least 5% of the share value
• You do not own another property or have your name on the deeds or a mortgage for a property worldwide
• This will be your only residence
• You are a permanent UK resident or have indefinite right to remain
Please note the minimum share you can purchase can vary depending on your financial situation and you may be asked to purchase a larger share, should your personal circumstances permit.
*Service charges are estimated and may subject to change.
**These photos are for information purposes only and may not represent a true likeness for the units being sold. They may have been taken from earlier phases or similar developments/house types and digitally furnished to represent how the home could be laid out; the final colours/appearance/specification may differ from the images and are not plot specific. We advise applicants to make their own investigations on future development in the area. We would suggest contacting the local authority for more information.
^ Please note that ‘Early Bird’ reservations do not lock-in your purchase price and the final sale price will be determined by an up-to-date ‘Red Book’ valuation which will be commissioned by Abri Homes prior to finalising full reservations.
Summary
This brand new home is available to buy from as little as £129,500 with a 35% share
Description
A stunning collection of brand new 1 & 2 bedroom Shared ownership apartments, built to a high specification and offering purchasers FULL ACCESS to the stunning on-site facilities – this includes a 12-hour concierge service, a cinema room, private residents gym, a home-working hub, rooftop garden and a dedicated residents lounge with seating area, pool table, kitchen and coffee room. Your wellbeing and social life are as important as your apartment at Horlicks Quarter, and residents’ exclusive facilities are designed with this in mind.
Now available for reservations^, these Berkeley Homes built apartments are delivered to a superb standard with some of the key highlights being stone worktops with Bosch integrated appliances to the kitchen, Karndean timber effect flooring to living areas, recessed LED lighting, audio/video door entry system and a 10-year Premier Guarantee. Residents will also benefit from a free two-year membership to the on-site car club.
Aquifer House at Horlicks Quarter is an inspiring development that brings new energy and vitality to the heart of Slough. For over a century the Horlicks Factory, with its famous Clocktower and soaring chimney has been one of the most distinctive landmarks in the townscape. Today, the factory and grounds have been sensitively regenerated to create a new community where refurbished historic buildings and new homes sit within carefully planned and curated landscaped gardens with tranquil water features. Aquifer House at Horlicks Quarter represents the best of modern urban living – combining quality homes, excellent residents' facilities, beautiful gardens and a central location.
PRICING & AFFORDABILITY
Full Market Value: £370,000
35% Share Price: £129,500 (rent £551.15pcm)
50% Share Price: £185,000 (rent £423.96pcm)
75% Share Price: £277,500 (rent £211.98pcm)
Minimum 5% Mortgage Deposit (35% share): £6,475
Approximate Service Charges: £226.80 pcm*
Shared Ownership Lease: 990 years
Council Tax Band: TBC
Key Features
Brand new Shared Ownership home
Full access to ALL on-site amenities
Choice of 1 & 2 bedroom homes and different floors
Walking distance to Slough Train Station (Elizabeth line)
Elizabeth Line to Paddington in under 15 minutes
High spec 'Berkeley' built homes
On-site sales office
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 £370,000, £6,475 Min Deposit. Calculated using a representative rate of 5.26%
