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1 Bedroom Flat

Joycliffe Ride, Warfield, Bracknell, RG42

£ 94,000

Call the Shared Ownership branch on 01344 835 715

Features:

  • Brand new Shared Ownership home
  • Close to local amenities
  • Two allocated parking spaces
  • Open plan lounge/kitchen/diner
  • Less than 2 miles from Bracknell train station
  • First floor maisonette

 

Property Description:

Shared Ownership

This brand new maisonette is available to buy from as little as £94,000 with a 40% share!

Archfield is an exciting new development, situated within the thriving village of Warfield and less than two miles from Bracknell station. Located near to great rail links, with regular services getting you to London Waterloo and London in just over an hour or Reading in 30 minutes. There is also a selection of excellent local primary and secondary schools surrounding the area.

The exciting Bracknell regeneration project has revamped the town centre turning it into a vibrant hub of activity. The brand new Lexicon centre is a contemporary, open-air complex of shops, restaurants & cafes, as well as a multiplex cinema. Close to both the M3 and M4 motorways, residents at Archfield remain well connected whilst living in a beautiful open space with key points such as Heathrow and Gatwick airports only a short commute away.

This brand new first floor maisonette comes with two allocated parking spaces and features a lovely open plan lounge/kitchen/diner with `Indesit' integrated stainless steel oven and gas hob with a matching cooker hood. There is a spacious double bedroom and bathroom as well as built-in storage located in the hallway.

PRICING & AFFORDABILITY

Size 53.60 sq m

Full Market Value: £235,000

40% Share Price: £94,000 (rent £323.13pcm)
50% Share Price: £117,500 (rent £269.27pcm)
75% Share Price: £176,250 (rent £134.64pcm)

Minimum 5% Mortgage Deposit (40% share): £4,700

Approximate Service Charges: £52.84 pcm*

The Shared Ownership scheme is a Part Buy, Part Rent way of owning your own home for a smaller up front payment. With Shared Ownership, you buy a share of your home using a mortgage from a bank or building society and pay a subsidised rent on the share you did not purchase. The combined mortgage and rent is usually less than you'd expect to pay if you bought a similar property outright.

At Archfield you can buy a minimum 40% 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 household income does not exceed £80,000 (outside of London) and £90,000 (inside of London)
' 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.

*These photos are for information purposes only and may not represent a true likeness for the units being sold. They have been taken from another development of similar style houses and been digitally furnished to represent how the home could be laid out and the final colours/appearance may differ from the images. We advise applicants to make their own investigations on future development in the area. We would suggest contacting the local authority for more information.

Leaders Romans Group are selling the homes on behalf of Sage Housing. Sage Housing is a Registered Provider committed to providing high quality affordable homes across England. For more information on Sage Housing visit www.sagehousing.co.uk.

 

Call the Shared Ownership branch on 01344 835 715