Venus Close, Slough

TWO BEDROOM GROUND FLOOR APARTMENT - PRIVATE GARDEN

Simmons & Son are pleased to present to the market this rarely available 50% shared ownership two bedroom ground floor apartment benefitting from an open plan kitchen/lounge with direct access to a private enclosed garden, generously sized bathroom suite and two good sized bedrooms. Further benefits including built in storage, uPVC double glazing, electric heating & cooking facilities and an allocated parking space. The property is situated a short walk from Burnham train station's - Elizabeth Line to London, also conveniently located close to Slough Trading Estate, the M4 motorway and offers excellent public transport links into Slough town centre. Viewings highly recommended to appreciate the value and quality of accommodation on offer.

Eligibility Critera
Anyone wishing to purchase the property must be assessed and approved by Home Group before any sale can be agreed.

Priority for affordable housing is given to members of the armed forces.
Minimum deposit requirement 5-10% (dependant on lender)
Total household income must be under £80,000 – This is based on all members of the household aged 18 and older whether they have joined the application or not.
Applicants are assessed and considered on a first come first serve basis.
If we have more than one person interested, we can only send the first applicant to consider and keep any others on a reserve list.
Applicants that currently own a property must have a sale agreed on their current property before they can be considered.
Applicants must not currently own a home anywhere in the world, unless a court order forces them to remain on the deed of a property where their children reside.
Applicants must be unable to afford to buy a property suitable for their family size on the open market.
The Shared Ownership home they are looking to buy must be their principle or only home and they may not sublet all or part of it.
Applicants must be financially able to buy the property and pass a financial assessment and secure a mortgage if applicable.
Applicants should also be a British or EU/EEA citizen, or have indefinite leave to remain, Customers who have indefinite leave to remain who are interested in buying a home must be able to demonstrate that they are able to raise a mortgage with an acceptable lender.

Applications:

Any applicants that wish to apply to purchase after viewing must complete our application form and affordability checks.

Monthly Charges
Mortgage Payment +
Rent- £365.97
Management charge– £17.42
Insurance charge- £23.67
Service charge- £63.11
Reserve fund- £26.75
The above charges are reviewed annually on 1st April.

Lease Terms
This is a shared ownership property and the available share for sale is 50%.
The sale price of the 50% share is £110,000. This is based on 50% of the open market value of £220,000. The sale price is non-negotiable.
*Important* The RICS valuation is valid until 18th April 2024.

The buyer can purchase more shares simultaneously, in 10% minimum tranches, whilst purchasing the property. We may consider allowing staircasing up to 100% once the 8 week nomination period has ended.
The lease term is 99 years from 1st December 2005, therefore number of years remaining is 80.
Domestic pets such as cats and dogs are not permitted in flats.