2 bedroom apartment for sale
Watermint Place, Wildridings Road, RG12 7WP
Share percentage 40%, full price £300,000, £6,000 Min Deposit.
Share percentage 40%, full price £300,000, £6,000 Min Deposit.
Monthly Cost: £1,275
Rent £470,
Service charge £137,
Mortgage £668*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
Summary
A 2 bed shared ownership property available in Bracknell, Berkshire
Description
Spacious and modern apartment now available in south Bracknell through Shared Ownership.
The property comprises a wide living room, an open-plan modern kitchen, two bedrooms and a hall. There's also a private balcony accessible from the living room.
Constructed in 2022, the flat is on the ground floor and it has allocated parking space.
Available for £120,000 for 40% share based on the marketing figure of £300,000.
Monthly rent - £470.40
Monthly Service Charge - £136.79
Total Monthly Charge - £607.19 plus mortgage required for 40% share.
An annual rent increase takes place every April
LocationThe property sits in a tranquil residential area and close to parks in Birch Hill. It's close to Bracknell's town centre, about a mile away. The railway station is only a 4-minute drive, where trains can lead to London or Reading.
Road travel is also convenient, thanks to the M3, M4 and the A329(M) motorways, less than a 10-minute drive away.
All amenities are nearby, with more pubs, restaurants and shops in Bracknell.
There are also several schools in the area, some of which are within walking distance.
EPC ratingEnergy rating band - B
Environmental impact band - B
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
- Private balcony
- Ground floor
- 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 £300,000, £6,000 Min Deposit. Calculated using a representative rate of 5.03%
