A new pathway home with Share to Buy
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2 bedroom apartment for sale

Available

Emerson Court, Albert Walk, RG45 7EB

£122,500 · Shared Ownership Resale

Share percentage 50%, full price £245,000, £6,125 Min Deposit.

Available
2 bedrooms
1 Bathroom
Parking
Floor plan
floor-plan
Floor plan
floor-plan
£122,500 Shared Ownership Resale · Eligibility Eligibility

Share percentage 50%, full price £245,000, £6,125 Min Deposit

Monthly Cost: £1,153
Rent £330, Service charge £141, Mortgage £682*

Calculated using a representative rate of 5.03%

Calculate estimated monthly costs

£
Eligibility

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.

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.

*Service charges are estimated and may subject to change. Rent and service charges will be reviewed annually by your housing provider, usually on 1st April each year.

** This home can also be purchased outright (100% of the value) which is £245,000 and a purchaser would not need to meet the eligibility criteria listed above.

Summary

This superb modern home is available to buy from as little as £122,500 with a 50% share!

Description

Shared Ownership

This superb modern home is available to buy from as little as £122,500 with a 50% share!

This two bedroom apartment located close to Crowthorne village centre is offered to the market with no onward chain. The accommodation comprises of a large living room, separate kitchen, two bedrooms and a bathroom. There is an allocated parking space and the lease will be extended to 967 years on completion.

Crowthorne Village benefits from a broad mix of shops, restaurants and amenities. There is a train station and convenient access to the A329 and M4 & M3 motorway networks. Crowthorne is situated approximately 4.5 miles from Bracknell and Wokingham is also under 5 miles away.


PRICING & AFFORDABILITY

Full Market Value: £245,000

50% Share Price: £122,500 (rent £330.43 pcm)
Minimum 5% Mortgage Deposit (50% share): £6,125
Approximate Service Charges: £141.40 pcm*
Shared Ownership Lease: approx. 967 years
Council Tax Band: C

Key Features

Shared ownership home

Two bedrooms

Second floor

Separate kitchen

Bathroom

Allocated parking

Extended lease on completion

Particulars

Tenure: Leasehold
Lease Length: 967 years
Council Tax Band: C

Property Downloads
Floor Plan
Map
Crowthorne (1.13 miles) Sandhurst (1.61 miles) Blackwater (2.65 miles)
Material Information

Total rooms:

Furnished: Enquire with provider

Washing Machine: Enquire with provider

Dishwasher: Enquire with provider

Fridge/Freezer: Enquire with provider

Parking: Yes

Outside Space/Garden: n/a

Year property was built: Enquire with provider

Unit size: Enquire with provider

Accessible measures: Enquire with provider

Heating: Enquire with provider

Sewerage: Enquire with provider

Water: Enquire with provider

Electricity: Enquire with provider

Broadband: Enquire with provider

Monthly Cost Calculator

The ‘estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together: rent, service charge and mortgage.

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  • 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.

£122,500
Shared Ownership Resale
Estimated Monthly Cost:£1,153
Rent £330
Service Charge £141
Mortgage £682

Share percentage 50%, full price £245,000, £6,125 Min Deposit. Calculated using a representative rate of 5.03%


Sown Shared Ownership
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Disclaimer
The information displayed about this property comprises a property advertisement. Share to Buy ltd makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Share to Buy has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by the sponsoring housing association. Please contact the housing association or estate agent directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007.