£75,000 /Sale price

Plot 560 This brand new third floor, one-bedroom apartment with a private balcony is available from £75,000 with a 25% share^Located in the heart of Horlicks Quarter, directly behind the iconic Clocktower, chimney, and fountain, Engineering Mews offers a stunning collection of one-bedroom Shared Ownership apartments. This beautifully designed home features a spacious open-plan kitchen/living area with Bosch integrated appliances, sleek stone worktops, and Karndean timber-effect flooring throughout. The private balcony provides the perfect spot to unwind, while the generous bedroom and stylish bathroom add to the comfort and practicality of the space.Residents enjoy exclusive access to exceptional on-site facilities, including a 12-hour concierge, private gym, cinema room, home-working hub, rooftop garden, and a vibrant residents' lounge with a pool table, kitchen, and coffee station. Built by Berkeley Homes, these high-spec apartments also benefit from a video entry system and a two-year free car club membership for added convenience.Set within beautifully landscaped gardens and rich in history, Engineering Mews at Horlicks Quarter perfectly blends heritage and modern living, offering a unique and vibrant place to call home.PRICING & AFFORDABILITYFull Market Value: £300,00025% Share Price: £75,000 (rent £515.63pcm)35% Share Price: £105,000 (rent £446.88pcm)50% Share Price: £150,000 (rent £343.75pcm)75% Share Price: £225,000 (rent £171.88pcm)Minimum 5% Mortgage Deposit (25% share): £3,750Approximate Service Charges: £153.14 pcm* Shared Ownership Lease: 990 yearsCouncil Tax Band: TBCELIGIBILITYShared 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 Horlicks Quarter you can buy a minimum 10% 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 remainPlease 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 are 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.