Sunninghill Square in Ascot, Berkshire

This property, a leasehold offering, commences with an impressive 990-year lease. As a new build, the council tax band is yet to be assigned, ensuring future residents will be the first to establish its value. Financial considerations include a service charge, which is subject to an annual review to accommodate any necessary adjustments.

For those interested in a one-bedroom apartment, the financial entry point is structured to accommodate a range of budgets. The full market value of these apartments begins at ¨£375,000. However, an accessible route into home ownership is offered through a shared ownership scheme. Here, a minimum share of 25% can be acquired for ¨£93,750. To support this, the minimum deposit required for this share is pleasantly low at ¨£4,688.

The monthly financial commitments for an apartment have been carefully estimated. Rent on the remaining share not owned is calculated at approximately ¨£645 monthly. For those securing a mortgage on the 25% share, the monthly mortgage payment is estimated to be around ¨£498. In addition to these costs, a service charge, which is reviewed annually, is currently estimated at ¨£117.11 per month.

This factual overview presents a transparent and comprehensive picture of the financial aspects involved in securing a one-bedroom apartment within this new build, highlighting the practical steps towards ownership and the ongoing commitments thereafter.