2 bedroom apartment for sale
Exploration Way, SL1 3HY
Share percentage 35%, full price £382,500, £6,694 Min Deposit.
Share percentage 35%, full price £382,500, £6,694 Min Deposit
Monthly Cost: £1,523
Rent £570,
Service charge £207,
Mortgage £746*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
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 resale 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.
At Horlicks Quarter, you can buy a minimum 10% share of your home (the maximum you can buy initially is 75%). When you’re ready, you can buy more shares until you staircase to owning 100% of your home.
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
Please note the minimum share you can purchase can vary depending on your financial situation, and you may be asked to purchase a larger share should your personal circumstances permit.
*Service charges are estimated and are subject to change.
**These photos are for information purposes only and may not represent a true likeness of the units being sold. They may have been taken from earlier phases or similar developments/house types and digitally furnished to represent how the home could be laid out; the final colours/appearance/specification may differ from the images and are not plot specific. We advise applicants to make their own investigations on future development in the area. We would suggest contacting the local authority for more information.
^^LEGAL FEES PAID UP TO £500 INCENTIVE – Horlicks Quarter January 2025
Available on plots 118,125,129,141,148,153,160,165,172,177,184,185,189,197,198,201,208,209, 211, and 215 at Horlicks Quarter only. Offer is to provide up to a maximum of £500 (including VAT) towards legal fees on the date of legal completion.
Only applicable to new reservations from 01 January 2025, when reserving on or before 5.00pm on 15 February 2025. Subject to contract. Exchange of contract within 42 days.
An allowance of £500 will be deducted from your final balance to pay on completion and reflected on your completion statement as 'incentive for legal fees'
This offer cannot be used in conjunction with any other offer. Following withdrawal or termination of any offer, we reserve the right to extend, reintroduce or amend any such offer as we see fit at any time.
Summary
Plot 172 - This brand new, fifth-floor home is available to buy from as little as £133,875 with a 35% share
Description
Get up to £500 towards your legal fees when you reserve a home at Horlicks Quarter before 5.00pm on 15 February 2025. T&C’s apply^^.
A stunning collection of brand new 1 & 2 bedroom Shared Ownership apartments, built to a high specification and offering purchasers FULL ACCESS to the stunning on-site facilities – this includes a 12-hour concierge service, a cinema room, private residents' gym, a home-working hub, rooftop garden, and a dedicated residents lounge with seating area, pool table, kitchen, and coffee room. Your wellbeing and social life are as important as your apartment at Horlicks Quarter, and residents’ exclusive facilities are designed with this in mind.
These Berkeley Homes built apartments are delivered to a superb standard with some of the key highlights being stone worktops with Bosch integrated appliances to the kitchen, Karndean timber-effect flooring to living areas, recessed LED lighting, audio/video door entry system, and a 10-year Premier Guarantee.
About the Apartment
This spacious two-bedroom, two-bathroom apartment is located on the fifth floor, featuring a large U-shaped kitchen that seamlessly opens to the dining and living areas, creating the perfect space for entertaining or relaxation.
The primary bedroom includes an en-suite bathroom with a shower, while the main bathroom offers a bathtub for added convenience. The apartment also boasts a private balcony, ideal for enjoying fresh air and scenic views, and three storage cupboards in the hallway for practical living.
About the Development
Aquifer House at Horlicks Quarter is an inspiring development that brings new energy and vitality to the heart of Slough. For over a century, the Horlicks Factory, with its famous Clocktower and soaring chimney, has been one of the most distinctive landmarks in the townscape. Today, the factory and grounds have been sensitively regenerated to create a new community where refurbished historic buildings and new homes sit within carefully planned and curated landscaped gardens with tranquil water features. Aquifer House at Horlicks Quarter represents the best of modern urban living – combining quality homes, excellent residents' facilities, beautiful gardens, and a central location.
About the Local Area
Located in central Slough, Horlicks Quarter offers excellent transport links, including Slough train station (a short walk away), which provides fast connections to London Paddington in under 20 minutes. The nearby Crossrail service further enhances accessibility to London and beyond. Slough town centre, with its range of shops, restaurants, and leisure facilities, is within walking distance. The area also benefits from excellent schools, parks, and cultural amenities, making it a desirable location for families and professionals alike.
PRICING & AFFORDABILITY
Full Market Value: £382,500
35% Share Price: £133,875 (rent £569.77 pcm)
50% Share Price: £191,250 (rent £438.28 pcm)
75% Share Price: £286,875 (rent £219.14 pcm)
Minimum 5% Mortgage Deposit (35% share): £6,694
Approximate Service Charges: £206.78 pcm*
Shared Ownership Lease: 990 years
Council Tax Band: TBC
Key Features
Brand new Shared Ownership home
Full access to ALL on-site amenities Choice of 1 & 2 bedroom homes and different floors
Walking distance to Slough Train Station (Elizabeth line)
Elizabeth Line to Paddington in under 15 minutes
High spec 'Berkeley' built homes
On-site sales office
Particulars
Tenure: Leasehold
Lease Length: 990 years
Council Tax Band: New build - Council tax band to be determined
Property Downloads
Floor PlanMap
Material Information
Total rooms:
Furnished: Enquire with provider
Washing Machine: Enquire with provider
Dishwasher: Enquire with provider
Fridge/Freezer: Enquire with provider
Parking: n/a
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
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 35%, full price £382,500, £6,694 Min Deposit. Calculated using a representative rate of 5.03%
