1 bed flat for sale

Herschel Street, Slough, Berkshire SL1

This superb modern home is available to buy from as little as £57,500 with a 25% share!

Situated on the 5th floor of a modern 8-storey development, this beautifully presented one-bedroom apartment offers contemporary living in the heart of Slough.
The open-plan living space is bright and airy, with a sleek fitted kitchen featuring integrated appliances and ample workspace. The living and dining area flows seamlessly onto a private balcony.

The double bedroom is generously sized with built-in storage, and the modern bathroom is finished to a high standard with quality fixtures. The development benefits from secure entry, lift access, and well-maintained communal areas, providing comfort and convenience for residents.

Perfectly located close to Slough High Street, the property is surrounded by a variety of shops, restaurants, cafés, and leisure facilities. Commuters will benefit from Slough Station and the Elizabeth Line, offering rapid connections to London Paddington, Reading, and Heathrow. Road users also enjoy easy access to the M4, M25, and A4.
Pricing & affordability


Full Market Value: £230,000

25% Share Price: £57,500 (rent £484.95pcm)
Minimum 5% Mortgage Deposit (25% share): £2875
Approximate Service Charges: £97.98pcm*
Lease: 247 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 £230,000 and a purchaser would not need to meet the eligibility criteria listed above.