2 bedroom apartment for sale
Flat 15, Bridge House, Overbridge Square, RG14 5BB
Share percentage 75%, full price £240,000, £9,000 Min Deposit.
Share percentage 75%, full price £240,000, £9,000 Min Deposit.
Monthly Cost: £1,381
Rent £228,
Service charge £150,
Mortgage £1,003*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
The GLA and Homes England set the eligibility criteria for Shared Ownership, but broadly speaking you must:
- Not own another property in the UK or any other country.
- Have a household income that falls below £90,000 (£80,000 threshold outside the M25). Every property will have a minimum income level too, determined by its’ value, rent and service charge costs. In most cases you will need to meet or exceed the given minimum income.
- Have access to a minimum deposit of 10% of the share being purchased (a minimum deposit of 5% of the share being purchased may be acceptable depending on individual financial status).
- Be in full time permanent employment.
- Be a British, EU or EEA Citizen or have indefinite leave to remain in the UK.
- Have a good credit history.
Summary
First Floor 2 bedroom apartment in Newbury now available under Shared Ownership
Description
An amazing opportunity to purchase 75% share in this beautiful, bright and spacious modern 2 bedroom 2 bathroom apartment in a low density, riverside apartment conversion. The open plan living space allows for a dining table, lounge furniture and the large windows draw plenty of natural light into the room. Fully fitted high gloss white kitchen units, stylish glass splash backs, Smeg appliances including electric hob, fan assisted oven, dishwasher and washing machine/dryer located in a separate utility cupboard. There is a zoned, climate controlled under floor heating throughout.
The property is located close to Newbury racecourse railway station, the canal and town centre where there is an array of shops, leisure and education facilities. Trains run direct into London Paddington where the fast train will take just 4 minutes. Convenient to the A34 and M4 motorway for an easy commute to Reading, Oxford and Southampton, Newbury is headquarters to Vodafone UK.
*Information is correct to the best of our knowledge, please speak to the estate agent for more information*
Key Features
- Double Length Wrap Around Balcony
- River Views
- Allocated Parking
- Underfloor Heating
- Fully Tiled Bathrooms
- Close to Town Centre
- Good Transport Links
- SMEG Appliances
- Tenure:Leasehold (125 years from 20/05/2022).
- Share Available:75% (£180,000).
- Shared Ownership Rent:£227.83 per month (subject to annual review).
- Lease Management Fee:£25.61 per month (subject to annual review).
- Service Charge:£150 per month (subject to annual review).
- Council Tax:Band C, West Berkshire Council.
Particulars
Tenure: Leasehold
Lease Length: 125 years
Council Tax Band: C
Property Downloads
Key Information Document 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 75%, full price £240,000, £9,000 Min Deposit. Calculated using a representative rate of 5.03%
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