41 Newlands Place, Bracknell, Berkshire

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Resale

Shared Ownership

Please note that all sales particulars and images are for marketing and illustrative purposes only. Plans, computer generated images and photos may contain elements which are not present upon the final completion of the property.

Shared Ownership Re-sale

Please note, the majority of our shared ownership homes undergo a rent review in April 2024. The review will depend on the shared ownership lease, but the majority will see a 9.4% uplift to the rent. We will confirm the exact changes to the rent for this property as part of the sales process.

2 Bedroom apartment with Balcony
Council tax band C
Parking space
Minimum income- £45,273
Minimum savings- £8100
Estimated mortgage- £646
Lease length remaining 121 years
maximum share 100%
gas central heating
Fibre broadband coverage

£112,000 for a 40% share

Open Market Value: £280,000

From £433 per calendar month

Service Charge: £176.90

Shared Ownership Re-sale

Available on shared ownership 1

41 Newlands Place, Bracknell, Berkshire

This is a 2 bedroom flat with 1 reception room, separate kitchen, 2 bedrooms and a bathroom.The propertys EPC rating is B and the council tax band is B.

The property is approximately a 5 minute walk from Bracknell Town Centre, and there are lots of schools within a 15 minute walking distance.

The train and bus stations are a 10 minute walk away with links to London and Reading.

As this property is a flat, please note that as a result of building safety regulations, some lenders are requiring certain properties to have a completed EWS1 form. An EWS1 (External Wall System) form provides independent assurance that your building meets the requirements of the Government's latest standards.

Unfortunately, we have seen that some lenders may still wish to request this information even though it is not a legal requirement. Stonewater do not have an EWS1 in place for all buildings and should a mortgage lender require this, any purchase may be impacted. If an EWS1 is requested, whether one is required or not, Stonewater are committed to providing as much information as possible to satisfy a lenders request for an EWS1. We suggest you speak with a financial advisor before proceeding.

Further information about EWS1 and Stonewater’s position can be found at https://stonewaterhomes.co.uk/government-guidance-changes-for-EWS1

Viewings

The seller is currently accepting viewings and if you would like to arrange a viewing, please contact the seller on the details below.

Seller Name: Mr Jack Butler and Miss Scarlett Vaughan-West

Seller Contact Details: 07500677830

As a shared ownership home, you will need to be eligible for Shared Ownership.

As a reminder, to be eligible for shared ownership you will need to evidence:

• your household income is £80,000 a year or less (£90,000 a year or less in London)
• you cannot afford all of the deposit and mortgage payments for a home that meets your needs
One of the following must also be true:
• you’re a first-time buyer
• you used to own a home but cannot afford to buy one now
• you’re forming a new household - for example, after a relationship breakdown
• you’re an existing shared owner, and you want to move
• you own a home and want to move but cannot afford a new home that meets your needs

Please take note of the minimum income, £45,273 and minimum deposit £8100 for this property.

If you make a successful offer to the seller after your viewing, they will let us know and we will then be able to refer you for a financial assessment with an Independent Financial Advisor. This is compulsory for all Shared Ownership purchases and does not interfere with any mortgage arrangements you have already made. They will complete an assessment but you are not obliged to use them afterwards to arrange your mortgage, but can if you wish.

Please let us know if you need any further information and good luck with your viewing.

41 Newlands Place, Bracknell, Berkshire

Viewings

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