Summary - Wildridings Road, Bracknell, RG12 RG12 7WP
2 bed 1 bath Flat
Shared Ownership 40% share — low 5% deposit, private balcony and allocated parking..
Two-bedroom open-plan apartment with private balcony
A bright, contemporary two-bedroom apartment in Bracknell offered via Shared Ownership — ideal for first-time buyers looking to get on the property ladder with a smaller deposit. The open-plan living/kitchen flows to a private balcony; allocated off-street parking and a built-in entrance storage cupboard add everyday convenience. The apartment measures about 758 sq ft, has a B EPC rating, gas central heating and fast broadband, and sits within easy reach of Bracknell town centre and local schools.
This is a 40% share sale (priced at £120,000 from a notional £300,000 value). Monthly costs are transparent: rent £489.80, service charge £144.31, total monthly outlay £634.11 plus mortgage payments on the 40% share. A 5% minimum deposit requirement reduces upfront cash needs, but purchasers should allow for mortgage, legal and moving costs.
Important considerations: the property is leasehold and offered under Shared Ownership, which brings eligibility criteria, an annual rent increase each April, and restrictions when staircasing or selling. The current service charge equates to about £1,731.72 per year. The long lease (approx. 120 years) is positive for mortgageability, but buyers should verify details with their solicitor and lender before committing.
Overall, this apartment suits first-time buyers who prioritise affordability, location and low initial deposit over outright ownership. It offers a modern, low-maintenance home with good transport links and local amenities, but Shared Ownership rules and ongoing charges are material factors to weigh before viewing.
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