Shared Ownership
This superb modern home is available to buy from as little as £308,000 with a 80% share!
A well-presented two-bedroom house offering approximately 618 sq ft of internal accommodation, situated within Dowles Green in Wokingham. The property benefits from a double driveway providing off-road parking for two cars, along with a useful detached outbuilding offering additional flexible space.
The ground floor comprises a separate kitchen, downstairs WC and a generous 14ft living room with access towards the rear. Upstairs are two well-proportioned double bedrooms, both with built-in storage, together with the family bathroom. Externally, the property also benefits from a 64 sq ft outbuilding, bringing the overall floor area to approximately 682 sq ft.
Dowles Green is conveniently positioned for Wokingham's range of shops, cafés, restaurants and everyday amenities, with local schools and green spaces also within the wider area. Wokingham railway station provides connections towards Reading and London Waterloo, while nearby road links offer convenient access to Reading, Bracknell and the M4.
PRICING & AFFORDABILITY
Full Market Value: £385,000
80% Share Price: £308,000 (rent £265.29pcm)
Minimum 5% Mortgage Deposit (80% share): £15,400
Approximate Service Charges: £60.95pcm*
Lease: 99 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 £180,000 and a purchaser would not need to meet the eligibility criteria listed above.
