2 bed flat for sale

Johnstone Close, Bracknell, Berkshire RG12

Shared Ownership

This superb modern home is available to buy from as little as £101,500 with a 35% share!

Offered to the market is this well-presented two-bedroom apartment, ideally located within walking distance of Bracknell town centre, providing easy access to a range of shops, restaurants, a cinema, and retail outlets.
The property comprises two double bedrooms, with the master benefitting from an en-suite shower room, as well as a separate three-piece family bathroom. There’s a spacious open-plan living and kitchen area with built-in appliances, ample storage and worktop space, and double patio doors leading out to a private, covered balcony.

Further benefits include one allocated parking space, additional unallocated and visitor bays, and excellent transport links. Bracknell train station is approximately a 15-minute walk, offering direct connections to Reading and London Waterloo. The property also provides easy access to the M3 and M4 road networks.
Pricing & affordability


Full Market Value: £290,000

35% Share Price: £101,500 (rent £549pcm)
Minimum 5% Mortgage Deposit (35% share): £5,075
Approximate Service Charges: £194pcm*
Lease 120 Years
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.

** This home can also be purchased outright (100% of the value) which is £290,000 and a purchaser would not need to meet the eligibility criteria listed above.