Pound Place, RG42 5HY

SHARED OWNERSHIP

Full market value - £285,000

You pay (50%) - £142,500

Monthly Rent - £462.94

Monthly Service Charge - £189.59

Annual Ground Rent - N/A

Council Tax Band : C

99 year lease commenced in November 2016 (80 years remaining) - Lease Extension in progress to extend to 990 years

EWS1 - Guidance from the Royal Institute of Chartered Surveyors (RICS) along with government guidance, means that an EWS1 form should not be required for this property. However, we cannot guarantee that Mortgage lenders, brokers and valuers are utilising the same criteria and a lender may request an EWS1 for this property. Please request advice from a mortgage broker when applying for a mortgage.

Offered for sale is this well presented two bedroom ground floor apartment. Accessed via a well kept communal entrance, there is a large living/dining space leading directly on to a refurbished kitchen. There are two double bedrooms, in addition to a new contemporary family bathroom.

This property benefits from a sinking fund. A sinking fund is a long-term savings plan that leaseholders contribute to every month through service charges. This is used to pay for major works that are required, such as replacing a roof.

This apartment is situated in Binfield village, which offers a range of simple day to day facilities whilst Ascot, Windsor, Henley and Reading are only a short drive away. Trains from Bracknell Station take just over an hour into London. Services also run south to Southampton, Salisbury and Bristol.

The buyer will require a deposit to obtain a mortgage for this property.

To meet the requirements for this property we require as a guideline, a minimum household income of £51,679. If you are offered the home, your ability to afford this property will be assessed at your financial interview. Please note that applicants should purchase the maximum share that they can afford and sustain.

Only applicants who are registered with London and Quadrant will be eligible to be offered a property in one of our schemes. If you are not registered please visit our website www.lqhomes.com and register to obtain your unique reference number.

Your home is at risk if you fail to keep up repayments on a mortgage, rent or other loan secured on it. Please make sure you can afford the repayments before you take out a mortgage.

These particulars are of opinion only, are intended to give a fair description and do not form the basis of a contract. The descriptions and all other information are believed to be correct as of April 2025.