Shared Ownership
This shared ownership home is available to buy from as little as £100,000 with a 40% share!
This well presented first floor apartment is located in a quiet and desirable residential development in Winnersh. The property offers bright and spacious accommodation throughout, including a generous lounge/diner, a modern fitted kitchen, a comfortable double bedroom, and a bathroom. Built-in cupboards in the hallway provide useful storage, while residents also benefit from an allocated parking space and attractive communal gardens, adding to the sense of space and convenience. The apartment has gas central heating and a new boiler was installed 2-3 years ago.
Situated in the heart of Winnersh, the property enjoys excellent access to local amenities, transport links, and green spaces. Winnersh railway station is within walking distance, offering regular services to Reading and London Waterloo, while the nearby A329(M) and M4 provide easy connections to London, Heathrow, and the wider Thames Valley. Local shops, cafes, and supermarkets are close by, and The Forest School and other well-regarded schools are just a short distance away. For leisure, there are parks, walking trails, and Dinton Pastures nature reserve nearby, as well as larger retail and entertainment options in Wokingham and Reading.
PRICING & AFFORDABILITY
Full Market Value: £250,000
40% Share Price: £100,000 (rent £203.71pcm)
Minimum 5% Mortgage Deposit (40% share): £5,000
Approximate Service Charges: £139.91 pcm*
Shared Ownership Lease: approx. 112 years
Council Tax Band: C
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.
