Shared Ownership
This superb modern home is available to buy from as little as £162,500 with a 50% share!
A spacious and well presented two-bedroom second floor apartment situated within Carter House on Eamer Crescent, Wokingham. Offered for sale with no onward chain, the property benefits from a private balcony and a well-proportioned layout with excellent built-in storage.
The accommodation centres around a bright open plan kitchen and reception room, providing ample space for both living and dining and opening directly onto the balcony. There are two generous double bedrooms, a modern family bathroom and two useful storage cupboards off the entrance hall. The apartmetn also comes with an allocated parking space.
Carter House is conveniently positioned for local amenities, with a convenience store close by and Wokingham railway station approximately 0.9 miles away, providing services towards Reading and London Waterloo. Wokingham town centre, with its wider range of shops, restaurants and leisure facilities, is also within easy reach.
PRICING & AFFORDABILITY
Full Market Value: £325,000
50% Share Price: £162,500 (rent £247.66pcm)
Minimum 5% Mortgage Deposit (50% share): £8,125
Approximate Service Charges: £135.28pcm*
Lease: 120 years remaining
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.
