Summary - Wildridings Road, Bracknell, RG12 RG12 7WP
2 bed 1 bath Flat
Affordable starter home with private patio and parking, ideal for first-time buyers.
- Ground-floor two-bedroom flat with private patio and open-plan living
- Allocated off-street parking included
- Available as 40% shared ownership for £120,000; 5% minimum deposit
- Monthly total charges £615.92 (rent £498.56 + service charge £117.36)
- Service charge approx. £1,408.32 per year
- Leasehold with c.120 years remaining; seek legal/mortgage advice
- EPC B energy rating; mains gas boiler and radiators
- Annual rent increase each April; shared-ownership resale rules apply
This bright, ground-floor two-bedroom flat in Bracknell offers an accessible route onto the property ladder through shared ownership. The open-plan living/kitchen flows to a private patio, while an allocated off-street parking space adds everyday convenience. The home is a practical size (approx. 766 sq ft) with energy-efficient EPC B ratings and gas central heating.
The 40% share is available for £120,000 (based on a £300,000 market value). Monthly outgoings combine a rent of £498.56 and a service charge of £117.36, giving total monthly charges of £615.92 plus any mortgage payments on the 40% share. A 5% minimum deposit is required for the share. Note an annual rent increase each April and that shared ownership rules apply to future staircasing or sale.
Leasehold tenure: approximately 120 years remaining. Service charge is around £1,408.32 per year. There is no flood risk, broadband and mobile signal are strong, and local schools and transport links (Bracknell station and major roads) are within easy reach. These features suit first-time buyers seeking an affordable, well-located starter home with scope to increase ownership over time.
Important considerations: as a shared ownership property you will pay rent on the unsold share and be subject to the managing provider’s allocations and resale rules. Factor in ongoing service charges and the annual rent increase when budgeting, and take independent legal and mortgage advice about leasehold terms and staircasing options.
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