Shared Ownership
This superb modern home is available to buy from as little as £225,000 with a 50% share!
This attractive semi detached offers well balanced living space, practical features, and a welcoming feel throughout. The ground floor comprises a bright and spacious open plan lounge/diner, a beautiful fitted kitchen Tand a cloakroom.
Upstairs, the property offers three bedrooms. The main bedroom benefits from its own en-suite shower room, while the remaining bedrooms are served by a modern family bathroom. Externally, there is a private rear garden, driveway parking for two cars that leads to the garage which can also be accessed via the garden.
The property is well positioned for everyday convenience, with a range of local shops, supermarkets, cafés, and services within easy reach. Families will appreciate the selection of nearby schools and childcare options, as well as parks and green spaces for outdoor leisure. The area offers a friendly community feel while still providing access to all essential amenities.
Langford Avenue is well located for commuters, with good road connections to surrounding towns and major routes. Junction 11 of the M4 is just a short drive away and Reading town centre is within easy reach. Regular local bus services further enhance connectivity.
PRICING & AFFORDABILITY
Full Market Value: £450,000
50% Share Price: £225,000 (rent £551.97pcm)
Minimum 5% Mortgage Deposit (50% share): £11,250
Approximate Service Charges: £52.21pcm*
Lease: 118 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.
LOCAL AREA CONNECTION
Local connection to Wokingham Borough is required to be eligible. Buyers must live and/or work in Wokingham Borough Council or have immediate family living within the borough. All buyers will need to be approved by the council.
*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.
