2 bedroom apartment for sale
Cherry Close, RG14 1LS
Share percentage 40%, full price £250,000, £5,000 Min Deposit.
Share percentage 40%, full price £250,000, £5,000 Min Deposit.
Monthly Cost: £901
Rent £286,
Service charge £58,
Mortgage £557*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
Who is it for?
- As long as you are over 18
- Your household income is less than £80,000
- And you don’t already own a home at the time of buying your Shared Ownership property
… then Shared Ownership could be right for you
Some properties may be bound by local connection restrictions in order to make them affordable for local customers. We'll let you know if there are any restrictions in place when you are searching for a property.
Summary
2 bed apartment located in Newbury
Description
Two bedroom purpose built maisonette with garage. Entry into garage from private entrance lobby. Kitchen has integral hob & oven, also washing machine and fridge/freezer. Large sitting/dining room with airing cupboard. Hallway leads to bathroom & 2 bedrooms. Bathroom has bath, mixer tap with shower hose and separate electric shower. Front bedroom has fitted wardrobe/storage.
Located within a residential area of mixed properties. Town within walking distance. Close to the railway and to the M4 motorway.
A lease extension is being carried out and will add an additional 90 years on to the lease term.
Key Features
- Own garage with private entry
- Master bedroom with a fitted wardrobe
- Close to town and transport links
- Communal carpark with unallocated spaces
Particulars
Tenure: Leasehold
Lease Length: 81 years
Council Tax Band: C
Property Downloads
Energy CertificateMap
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 £250,000, £5,000 Min Deposit. Calculated using a representative rate of 5.03%
