2 bed flat for sale

Budd Grove, Winnersh, Wokingham RG41

Shared Ownership

This superb modern home is available to buy from as little as £108,500 with a 35% share!

A beautifully presented first floor apartment with a private balcony, long lease and an allocated parking space. The kitchen/dining/living space provides open plan living and double doors to on to the balcony. There are two well-proportioned bedrooms (the master with built in wardrobes) and a bright, modern bathroom.

This property is conveniently located for access to Winnersh Railway Station (0.5 mile away) and several nearby bus stops. Wokingham town centre is 6-10 minutes by car. In Wokingham, you’ll find a range of shops, cafes, restaurants and bars catering for a bustling night life.
Wokingham Train Station provides regular links to London Waterloo in under 1 hour. There are also many local bus routes with services to Reading and Bracknell. Wokingham sits just east of the A329m which links directly to the M4 and there are other efficient roads for easy access to neighbouring towns such as Reading, Bracknell and Guildford.
Pricing & affordability


Full Market Value: £310,000

35% Share Price: £108,500 (rent £326.91 pcm)
Minimum 5% Mortgage Deposit (% share): £5,425
Approximate Service Charges: £202.60 pcm*
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.

*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 £310,0000 and a purchaser would not need to meet the eligibility criteria listed above.