1 bed Flat For Sale £99,000
Shared Ownership
This brand new home is available to buy from as little as £99,000 with a 40% share!
Finchwood Park is a new collection of one bedroom homes set near the charming village of Finchampstead.
Explore the 140 acres of green space on your doorstep, ideal for walks, picnics, and bike rides. And, with a range of shops and pubs nearby, you’ll have everything you need within easy reach.
Each of these beautiful new homes is fitted with a wealth of professionally designed, high-quality appliances and features that make your new home even more special. Your property will be covered by a 10-year NHBC structural warranty.
OVERVIEW
Amtico flooring to hall, kitchen and living / dining room
Carpet to bedroom
Ceramic floor tiles to bathroom
White matt walls and ceilings
Double-glazed windows
Fitted wardrobes with sliding doors to bedroom
Mains-operated smoke and carbon monoxide detectors
Fibre broadband connection available
KITCHEN
Fitted kitchen units and soft-close doors and drawers*
Worktops with matching upstand*
Single bowl stainless-steel sink with chrome mixer tap
Built-in stainless-steel gas hob, fan oven, and telescopic extractor hood
Glass splashback to hob
Bosch integrated fridge freezer
Bosch integrated dishwasher
Bosch washing machine
BATHROOMS
Roca white sanitaryware with dual-flush WC
Chrome mixer taps
Tiled splashback above sink and full height above bath
Thermostatic shower over bath with glass shower screen
Shaver socket
Heated chrome towel rail
Illuminated fitted mirror
HEATING AND WATER SYSTEMS
• White LED downlights and under-unit lighting to kitchen
• Pendant lighting to hall, living /dining room and bedroom
• Gas-fired central heating to radiators with (dual-control) thermostatic controls
• Telephone point to hall, living / dining room and bedroom
• TV aerial point to kitchen, living / dining room and bedroom
• Ample double power sockets throughout
*Colours
PRICING & AFFORDABILITY
Full Market Value: £247,500
40% Share Price: £99,000 (rent £340.31pcm)
50% Share Price: £123,750 (rent £283.59pcm)
75% Share Price: £185,625 (rent £141.80pcm)
Minimum 5% Mortgage Deposit 40% share): £4,950
Approximate Service Charges: £ 89pcm*
Shared Ownership Lease: 990 years
Council Tax Band: TBC
ELIGIBILITY
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 resales 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 Finchwood Park 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 annual 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.
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 may subject to change.
*These photos are for information purposes only and may not represent a true likeness for 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.
