2 bed Flat For Sale £104,000
This spacious and well appointment second floor apartment built in 2015 situated in this prestigious development within Newbury Racecourse. The apartment has many attractive features including a good sized open plan living area with a built in kitchen and space for a table, two good sized bedrooms and a well appointment bathroom with a shower over the bath. Further attractions include a glazed balcony running the full length of the property. Eer-b.
The property is being sold as 40% shared ownership at £104,000, the current 100% market value is £260,000.
The 100% value is available to purchase also subject to a staircasing application through Sovereign Vale. There cannot be any negotiation on the price as the property value is bound by a RICS valuation.
The successful buyer will be subject to meeting the Sovereign Vale application and approval process. In brief, shared ownership is a form of affordable housing and anyone wanting to apply should be:
* A first time buyer
* Have previously owned a home but cant afford a property on the open market which meets their needs
* Be an existing shared owner - but able to demonstrate they have sold their property STC
* Be registered with their local Help to Buy agent
* Earn below £80,000 as a household
* Must own and occupy the property as their sole and primary residence
* Not be in mortgage or rent arrears
* Be able to demonstrate a good credit history and can afford the regular payments to buy this home.
More information can be found in the following link:
Leasehold 119 years remaining. Monthly rent for the remaining 60% is £338.20, service charge £147.01.
Agents note
Notice is given that the vendor of this property is an employee of Douglas and Simmons Ltd.
The property is being sold as 40% shared ownership at £104,000, the current 100% market value is £260,000.
The 100% value is available to purchase also subject to a staircasing application through Sovereign Vale. There cannot be any negotiation on the price as the property value is bound by a RICS valuation.
The successful buyer will be subject to meeting the Sovereign Vale application and approval process. In brief, shared ownership is a form of affordable housing and anyone wanting to apply should be:
* A first time buyer
* Have previously owned a home but cant afford a property on the open market which meets their needs
* Be an existing shared owner - but able to demonstrate they have sold their property STC
* Be registered with their local Help to Buy agent
* Earn below £80,000 as a household
* Must own and occupy the property as their sole and primary residence
* Not be in mortgage or rent arrears
* Be able to demonstrate a good credit history and can afford the regular payments to buy this home.
More information can be found in the following link:
Leasehold 119 years remaining. Monthly rent for the remaining 60% is £338.20, service charge £147.01.
Agents note
Notice is given that the vendor of this property is an employee of Douglas and Simmons Ltd.
