Shared Ownership

This brand new home is available to buy from as little as £130,000 with a 40% share!

Coopers Hill is a welcoming new community of high-quality homes in the heart of flourishing Bracknell. Set amongst extensive, attractive landscaping, these homes are somewhere to retreat and relax. And yet they’re just a 2 minute walk from the train station, a 3 minute walk from the bus station, and within a short walk of Bracknell’s other town centre amenities.

Bracknell not only offers a wide variety of shops, restaurants and leisure facilities, it’s a bustling centre for employment. Many national companies are headquartered there, including Waitrose, Honda and Fujitsu. It’s close to the M4 corridor’s hi-tech employment hotspot and within easy reach of other towns and cities. By train from Bracknell, it’s just 6 minutes to Wokingham, 7 minutes to Ascot, 23 minutes to Reading, 53 minutes to London’s Clapham Junction and about an hour to London Waterloo Railway Station.

Bracknell has a great mix of big-brand and independent stores. At The Lexicon, you’ll find Fenwick, Waitrose, M&S, H&M, Next and other well-known names. The Peel Centre, a 10 minute walk away is home to several stores for practical buys, including Halfords, Currys, Home Bargains, Pets at Home and Morrisons. Tesco Superstore, Sainsbury’s, and Aldi are all within a short drive. The nearby large town of Reading boasts The Oracle, which is home to more than 80 stores and Wokingham offers lots of independent boutiques in attractive, historic surroundings.

This brand new first floor apartment features a stunning large private roof terrace and is complimented by an open plan living/kitchen space, two double bedrooms, bathroom and allocated parking.

PRICING & AFFORDABILITY

Approximate Size 69.5 sq m

Full Market Value: £325,000

40% Share Price: £130,000 (rent £446.88pcm)
50% Share Price: £162,500 (rent £372.40pcm)
75% Share Price: £243,750 (rent £186.20pcm)

Minimum 5% Mortgage Deposit (40% share): £6,500
Approximate Service Charges: £177.77 pcm*
Shared Ownership Lease: 990 years
Council Tax Band: TBC

ELIGIBILITY

* You must either live and/or work in the Bracknell Forest borough in order to be eligible for one of these homes. *

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 Coopers Hill 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.
• 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.

Photos

2 bedroom flat for sale