House For Sale £282,000
Shared Ownership
This superb modern home is available to buy from as little as £282,000 with a 60% share!
Set within a modern development and built by Shanly Homes in 2013 is this spacious end of terrace home. Featuring a spacious 16ft lounge/diner at the back of the house, there is a ground floor cloakroom and a well-appointed kitchen with integrated appliances. To the first floor is a family bathroom and two double bedrooms. Both bedrooms are fitted with built-in wardrobes and Bedroom One also benefits from an en suite shower room. Externally are two allocated parking spaces and an enclosed 35ft rear garden.
Pintail Way is conveniently located within a short walk to the Town Centre. The Railway station is just over a mile away - providing fast links into London Paddington (fast trains approx. 20 minutes) as well as being on the Elizabeth Line giving you direct access to central London, Canary Wharf and Heathrow airport. Maidenhead Riverside and Ray Mill Island are also close by, offering a good selection of family activities. This home is well located for access to the M4 and M40 via the A404 making commuting into London and beyond very easy.
PRICING & AFFORDABILITY
Full Market Value: £470,000
60% Share Price: £282,000 (rent £396.08pcm)
Minimum 5% Mortgage Deposit (% share): £14,100
Approximate Service Charges - No service charge
Shared Ownership Lease: approx. 88 years
Council Tax Band: D
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.
To be eligible for shared ownership you would need to meet the following criteria:
• Your annual household income does not exceed £80,000.
• 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.
*Service charges are estimated and may subject to change.
* This home can also be purchased outright (100% of the value) which is £470,000 and a purchaser would not need to meet the eligibility criteria listed above.
