This superb modern home is available to buy from as little as £43,750 with a 25% share!
Situated on the top (third) floor of Novello House, this well positioned one bedroom apartment comprises an open plan kitchen/living area, a double bedroom and bathroom. The property is being offered for sale with no onward chain and also benefits from an allocated parking space.
Novello House is conveniently situated in Slough, with a wide range of local shops, supermarkets, cafés, restaurants and everyday amenities within easy reach. Slough town centre offers extensive shopping and leisure facilities, including the Queensmere Observatory Shopping Centre, while nearby green spaces provide opportunities for outdoor recreation.
For commuters, Slough railway station offers excellent connections into London Paddington via the Elizabeth Line and Great Western Railway services, as well as convenient access to Reading and destinations further west. The M4 motorway is also easily accessible, providing excellent road links towards London, Heathrow Airport and the wider motorway network.
PRICING & AFFORDABILITY
Full Market Value: £175,000
25% Share Price: £43,750 (rent £449.05pcm)
Minimum 5% Mortgage Deposit (25% share): £2,188
Approximate Service Charges: £140.93pcm*
Shared Ownership Lease: 107 years remaining
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. Rent and service charges will be reviewed annually by your housing provider, usually on 1st April each year.
