Harvest Hill - Shared Ownership Apartment

Property Details: - Type: Apartment - Bedrooms: 1 - Bathrooms: 1

Agent: Keegan White Estate Agents - High Wycombe Phone: 01494 217118

<p>A one bedroom second floor apartment is for sale off-plan (no site access) with a variety of shared ownership options. For example a 25% share purchase is available at £73,750 with a monthly rental of £507 which is based on a rental value of 2.75% of the unowned 75% share. Please note that there is currently a requirement for each buyer to be approved by the Council and the buyer must have a local connection to the Royal Borough of Windsor and Maidenhead. Contact us today by phone, or email and we'll be pleased to help!<br/><br/>Other share purchase options are available from 10% to 75%, subject to any purchaser’s finances. There are a total of six two bedroom apartments and three one bedroom apartments available. These will be allocated on a 'first past the post' basis.<br/></p><p><br/>THE PROPERTY<br/>In conjunction with Red Kite Community Housing Group, Keegan White is selling these shared ownership properties at Harvest Hill that are being built by the highly regarded developer, Taylor Wimpey. This particular ground floor apartment provides an open-plan living arrangement that is designed to a high specification. The apartment's front door opens into the hallway that has two cupboards and gives access to all rooms. The kitchen is fully equipped with base & eye level storage units, a sink & drainer inset to the worktop, along with the appliances including: fridge freezer, washing machine, oven, induction hob and extractor fan. The living area has twin doors that lead out to the terrace. Adjacent to the double bedroom is the bathroom suite that is complete with a panel bath, overhead shower & screen, WC, handbasin and extractor fan. The flooring to the living areas will be carpeted, with linoleum flooring to kitchen area and bathroom. Parking is allocated for one vehicle with additional visitor bays. Heating is with underfloor heating provided by air source heat pump.</p><br/>THE LOCATION<br/>Harvest Hill is a new development located about a mile and a half to the south of Maidenhead's town centre and railway station, which makes it ideal for those who work in town, or who need to commute into London via Great Western Railways, or the Elizabeth Line. The town centre offers a wealth of retail, leisure, hospitality and entertainment venues, and there is a wide range of other recreational clubs and societies, some of which can be found at Braywick Leisure Centre, and Sports & Recreation Grounds which are within walking distance of the property. <br/><br/>SHARED OWNERSHIP<br/>For those that are unfamiliar, Shared Ownership provides an affordable alternative to renting and allows buyers to enter the housing market with a home that suits their needs. Buyers can purchase varying levels of shared ownership from 10% upwards, and pay an affordable monthly rent of 2.75% on the unowned share. These shared ownership homes come with a long Lease and over time a buyer can increase the percentage share owned to the full 100% ownership.<br/><br/>Additional Information to be verified by solicitor:<br/>Lease Length: 990 years <br/>Service Charge: £1,344 per annum<br/>Predicted EPC: B (81)<br/><br/>Shared ownership examples:<br/><p>25% shared ownership costs £73,750 & the monthly rent would be £507.<br/>50% shared ownership costs £147,500 & the monthly rent would be £338.<br/>75% shared ownership costs £221,250 & the monthly rent would be £169.</p><br/><br/>Tenure: Leasehold<br/>Lease Years Remaining: 990<br/>Ground Rent: £0.00 per year<br/>Ground Rent Review Period: 0 years<br/>Ground Rent Increase: 0%<br/>Service Charge: £1344.00 per year<br/>Shared Ownership (%): 25%<br/>Shared Ownership (Rent): £507.00 per month