Shared Ownership
This superb modern home is available to buy from as little as £186,000 with a 40% share!
A modern three-bedroom semi-detached house offering well-proportioned accommodation arranged over two floors. The property provides a practical layout with a comfortable living space, a fitted kitchen and two bathrooms, making it well suited to modern family living.
The property benefits from three good-sized bedrooms, with the two bathrooms providing added convenience for everyday living. Externally, there are two parking spaces, offering excellent off-road parking.
Situated within the popular Finchwood Park development in Wokingham, the property is well placed for access to Wokingham town centre and the surrounding areas. Wokingham offers a wide range of shops, cafés, restaurants and everyday amenities, while the surrounding area provides plenty of countryside and walking routes. The wider borough also benefits from good transport links towards Reading and London.
PRICING & AFFORDABILITY
Full Market Value: £465,000
40% Share Price: £186,000 (rent £406.53pcm)
Minimum 5% Mortgage Deposit (40% share): £9,300
Approximate Service Charges: £31.58pcm*
Lease: 224 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.
