2 bed flat for sale

Hebbecastle Down, Warfield, Bracknell RG42

Shared Ownership

This superb modern home is available to buy from as little as £1117,500 with a 40% share!

This well-presented first-floor apartment located in the popular Chancel Mansions development in, Warfield is offered to the market with no onward chain. Offering approximately 650 sq ft of living space, this bright and airy home is perfect for first-time buyers, downsizers, or investors. The accommodation comprises a generous reception room, separate kitchen/dining room, two bedrooms and a bathroom. The apartment would benefit from modernisation but is offered to the market with an extended lease.

Located on the outskirts of Bracknell, Warfield is a highly sought-after residential area known for its peaceful suburban setting, strong community feel, and excellent local amenities. Popular with families, professionals, and retirees alike, Warfield offers the perfect blend of countryside charm and urban convenience. This property is less than 1 mile from Bracknell town centre and a wealth of amenities, cafes and restaurants within the Lexicon.
From Bracknell, there are transport links via rail (to London Waterloo & Reading), the town is well connected by road and there are many local bus routes.
Pricing & affordability


Full Market Value: £235,000

50% Share Price: £117,500 (rent £364.07 pcm)
Minimum 5% Mortgage Deposit (% share): £5,875
Approximate Service Charges: £147.23 pcm*
Lease: 960 years (on completion)
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 £235,000 and a purchaser would not need to meet the eligibility criteria listed above.