1 bed Flat For Sale £212,500
Shared Ownership
The scheme allows you to purchase the specified share of the property price and pay a reduced rent on the share you do not own. You will have the opportunity to buy further shares (subject to affordability) at a later date. As a shared owner you will be an assured tenant until you own 100% of the shares for the property, after which you will own the leasehold interest
Location
The property location is ideal for easy access to the countryside with various bus routes to Reading town centre and access to the M4.
Close amtenities include a gym, post office and a bakery.
Gia – 46m²
Bedroom 1 – 3.9 x 2.7m²
• Double room
• Carpeted
Bathroom/WC – 2.2 x 1.7m²
• Overbath Shower
• Tiled Bath
• Sink with unit
Kitchen – 3.0 x 2.3m²
• Hob
• Oven
• Open Plan
Lounge – 4.0 x 3.8m²
• Carpeted
• Beams Natural Light
• Open Plan
Outside
• Allocated parking
Further Info
Tenure: Leasehold
Ground Rent review Period: April
Lease Length: 91 years
Council Tax Band: B
Energy Efficiency Rating – B
Viewings strictly by appointment only.
Eligibility
• You must be at least 18 years old
• You should live or work in the Borough of Wokingham
• Outside of London your annual household income must be less than £80,000
• In London, your annual household income must be less than £90,000
• You cannot own another home. Shared Ownership purchasers are often first-time buyers but if you do already own another property (either in the UK or abroad), you must be in the process of selling it
• You should not be able to afford to buy a home suitable for your housing needs on the open market.
• You must show you are not in mortgage or rent arrears
• You must be able to demonstrate that you have a good credit history (no bad debts or County Court Judgements) and can afford the regular payments and costs involved in buying a home.
Sale Price and Equity
Full market value: £212,500
Monthly net rent: £119.48
Share available: 50%
Monthly service charge: £107.79
Share price: £106,250
Council Tax rates payable: £1596.56
Ground Rent: N/A
The rent review is every April. Quoted rental figures are based on the 2022/23 financial year.
The scheme allows you to purchase the specified share of the property price and pay a reduced rent on the share you do not own. You will have the opportunity to buy further shares (subject to affordability) at a later date. As a shared owner you will be an assured tenant until you own 100% of the shares for the property, after which you will own the leasehold interest
Location
The property location is ideal for easy access to the countryside with various bus routes to Reading town centre and access to the M4.
Close amtenities include a gym, post office and a bakery.
Gia – 46m²
Bedroom 1 – 3.9 x 2.7m²
• Double room
• Carpeted
Bathroom/WC – 2.2 x 1.7m²
• Overbath Shower
• Tiled Bath
• Sink with unit
Kitchen – 3.0 x 2.3m²
• Hob
• Oven
• Open Plan
Lounge – 4.0 x 3.8m²
• Carpeted
• Beams Natural Light
• Open Plan
Outside
• Allocated parking
Further Info
Tenure: Leasehold
Ground Rent review Period: April
Lease Length: 91 years
Council Tax Band: B
Energy Efficiency Rating – B
Viewings strictly by appointment only.
Eligibility
• You must be at least 18 years old
• You should live or work in the Borough of Wokingham
• Outside of London your annual household income must be less than £80,000
• In London, your annual household income must be less than £90,000
• You cannot own another home. Shared Ownership purchasers are often first-time buyers but if you do already own another property (either in the UK or abroad), you must be in the process of selling it
• You should not be able to afford to buy a home suitable for your housing needs on the open market.
• You must show you are not in mortgage or rent arrears
• You must be able to demonstrate that you have a good credit history (no bad debts or County Court Judgements) and can afford the regular payments and costs involved in buying a home.
Sale Price and Equity
Full market value: £212,500
Monthly net rent: £119.48
Share available: 50%
Monthly service charge: £107.79
Share price: £106,250
Council Tax rates payable: £1596.56
Ground Rent: N/A
The rent review is every April. Quoted rental figures are based on the 2022/23 financial year.
