Shared Ownership
This superb modern home is available to buy from as little as £98,000 with a 35% share!
**Please note a local area connection requirement is required to purchase a share of this property.**
A beautifully presented first-floor apartment offering bright, contemporary living in a sought-after residential location. This well-designed home features a spacious open-plan kitchen and dining area, ideal for both everyday living and entertaining, with direct access to a private balcony that provides a outdoor retreat.
The property boasts two well-proportioned bedrooms, including a generous principal bedroom, alongside a second versatile room perfect for guests, a home office, or additional storage. A modern family bathroom is finished to a good standard, complementing the practical and comfortable layout throughout.
Further benefits include a welcoming entrance hallway with useful storage, a well-equipped kitchen with integrated appliances, and an abundance of natural light flowing through the property, creating a warm and inviting atmosphere.#
Outside, the property benefits from a covered, allocated parking space.
Ideally located in a popular residential area of Wokingham, this property benefits from a blend of town convenience and green surroundings. The area offers a wide range of local amenities, including shops, cafés, restaurants, and leisure facilities, as well as well-regarded schools nearby. Excellent transport links are easily accessible, with Wokingham railway station providing direct connections to Reading and London Waterloo, while nearby road networks such as the A329(M) and M4 offer convenient access to surrounding towns and the wider region.
PRICING & AFFORDABILITY
Full Market Value: £280,000
35% Share Price: £98,000 (rent £353.21 pcm)
Minimum 5% Mortgage Deposit (35% share): £4,900
Approximate Service Charges: £111.56 pcm*
Lease: 115 years
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.
** This home can also be purchased outright (100% of the value) which is £280,000 and a purchaser would not need to meet the eligibility criteria listed above.
