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2 bedroom apartment for sale

Available

Abbey Gardens, Upper Woolhampton, RG7 5TZ

£73,500 Shared Ownership Resale

Share percentage 30%, full price £245,000, £7,350 Min Deposit.

Available
2 bedrooms
1 Bathroom
Parking
Floor plan
floor-plan
Floor plan
floor-plan
£73,500 Shared Ownership Resale

Share percentage 30%, full price £245,000

Monthly Cost: £1,326

Rent £664, Service charge £297, Mortgage £365*

Calculated using a representative rate of 4.42%

Calculate estimated monthly costs

£
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Summary

A Fantastic Opportunity to Purchase a Two Bedroom Flat on a Shared Ownership (Part Buy/Part Rent) Basis

Description

Abbey Gardens consists of a collection of residential properties in the elegant grounds of a Benedictine monastery, all located within a beautiful stretch of Berkshire countryside. The flat available is a well-presented, ground-floor, two-bed in a two-storey, period-style building. The dual-aspect reception room is semi-open-plan to a galley-style kitchen which also has windows on two sides. There is a spacious main bedroom with fitted wardrobe plus a second double bedroom and a stylish bathroom. Nearby Douai Park has a cricket field, with pavilion, plus six tennis courts and two football pitches. The local primary school is Ofted-rated 'Good', as are the other schools in the surrounding area. The flat comes with use of a parking space and is also within walking distance or brief cycle ride of Midgham Railway Station.

SHARED OWNERSHIP (Advertised price represents 30% share. Full market value £245,000).

INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [ https://tinyurl.com/twr8fb4j]


(Please note the minimum income and deposit requirements for eligibility. You do not need to request a viewing separately once you have completed the application form.)

Housing Association: A2Dominion.
Tenure: Leasehold (125 years from 01/01/2006).
Minimum Share: 30% (£73,500). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £663.72 per month (subject to annual review).
Service Charge: £296.75 per month (subject to annual review).
Guideline Minimum Income: Dual - £42,800 | Single - £49,100 (based on minimum share and 10% deposit).
Council Tax: Band C, West Berkshire Council. Priority is given to applicants living and/or working in this local authority.

This property is offered for sale in the condition seen. The housing association does not warrant to carry out any remedial or redecoration work of a cosmetic nature unless specifically advised in writing. As a general rule, fitted domestic appliances are included in the sale; non-fitted appliances are not. If you require confirmation, you must request this in writing from Urban Moves. The information in this document supersedes any information given verbally either in person or by telephone. Pets not permitted (except assistance animals).

Key Features
  • Guideline Minimum Deposit £7,350
  • Guide Min Income Dual £42.8k | Single £49.1k
  • Ground Floor
  • Approx. 640 Sqft Gross Internal Area
  • Dual Aspect Reception Room
  • Modern Double Glazing
  • Parking Space
  • Beautiful, Rural Surroundings
Particulars

Tenure: Leasehold
Council Tax Band: C

Property Downloads
Floor Plan Brochure
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Monthly Cost Calculator

The ‘Estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together, rent, service charge and mortgage.

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  • Rent: this is charged on the share you do not own and is usually payable to a housing association (rent is not generally payable on shared equity schemes)
  • Service Charge: covers maintenance costs for the property as a whole and communal areas
  • Mortgage: Share to Buy ltd are specialist Shared Ownership mortgage brokers and we use a database of daily updated mortgage rates to work out the lowest rate available for the deposit amount shown, and then generate an estimated monthly payment on a 25 year capital repayment basis.

NB: this mortgage estimate is not confirmation that you can obtain a mortgage and you will also need to satisfy the requirements of the relevant mortgage lender. Nor is this a guarantee that in practice you would be able to apply for such a rate, and nor is this a recommendation that the rate used would be the best product for you.

£73,500
Shared Ownership Resale
Estimated Monthly Cost:£1,326
Rent £664
Service £297
Mortgage £365

Share percentage 30%, full price £245,000, £7,350 Min Deposit. Calculated using a representative rate of 4.42%

Calculate estimated monthly costs

£
Disclaimer
This property is offered for sale in the condition seen. The housing association does not warrant to carry out any remedial or redecoration work of a cosmetic nature unless specifically advised in writing. As a general rule, fitted domestic appliances are included in the sale; non-fitted appliances are not. If you require confirmation, you must request this in writing from Urban Moves. The information in this document supersedes any information given verbally either in person or by telephone.