1 bedroom apartment for sale
Flat 7, Samson House, Archer Grove, RG2 9TA
Share percentage 50%, full price £260,000, £6,500 Min Deposit.
Share percentage 50%, full price £260,000, £6,500 Min Deposit.
Monthly Cost: £1,234
Rent £395,
Service charge £115,
Mortgage £724*
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
1 bedroom apartment in Arborfield now available under shared ownership
Description
A modern top floor apartment located in the popular Watermans View development, built by Crest Nicholson in 2021.
Offering far reaching views over the neighbouring fields and offering plenty of space and light throughout, the apartment would suit a first time or investment buyer.
The accommodation comprises a welcoming entrance hallway which provides three large storage cupboards, a large open plan living/dining room and kitchen with integral appliances, a spacious double bedroom with fitted wardrobes and a modern three-piece bathroom suite. There is also a balcony off of the living room, giving the views over the fields.
The property also benefits from an allocated parking space and a communal bike and bin storage space.
The situation of this property is ideal with its convenient access to both Reading and Wokingham town centres along with their respective stations. California Country Park is also located close by which is ideal for dog walkers and benefits from a cafe and kids play park.
*Information is correct to the best of our knowledge, please speak to the estate agent for more information*
Key Features
- Top Floor Apartment
- Spacious Open Plan Living Room and Kitchen
- Allocated Parking
- Close to Wokingham and Reading
- Double Bedroom with Fitted Wardrobe
- Balcony with Great Views
- Plenty of Storage
- 50% Shared Ownership
- Tenure:Leasehold (125 years from 23/09/2020).
- Share Available:50%(£130,000).
- Shared Ownership Rent:£394.70 per month (subject to annual review).
- Lease Management Fee:£25.61 per month (subject to annual review).
- Service Charge:£115.00 per month (subject to annual review).
- Council Tax:Band B, Welwyn HatfieldCouncil
Particulars
Tenure: Leasehold
Lease Length: 125 years
Council Tax Band: B
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 50%, full price £260,000, £6,500 Min Deposit. Calculated using a representative rate of 5.03%
