2 bed flat for sale

Lockhart Drive, Wokingham, Berkshire RG40

Shared Ownership

This superb modern home is available to buy from as little as £124,000 with a 40% share!

A well-presented and thoughtfully laid out two-bedroom apartment, ideally situated in a popular residential location in Wokingham.
This bright and spacious home features a generous open-plan kitchen, living and dining area, perfect for both everyday living and entertaining. The space is enhanced by direct access to a private balcony, providing a pleasant spot to relax outdoors.
There are two well-proportioned bedrooms, offering flexible accommodation for homeowners, or those working from home. The property is complemented by a modern bathroom and additional storage throughout, ensuring practicality as well as comfort.
Further benefits include an allocated parking space, secure entry system, and a convenient position close to local amenities, transport links, and green spaces.

The property is conveniently located within easy reach of Wokingham town centre, which offers a wide range of shops, cafés, restaurants, and leisure facilities. Excellent transport links are nearby, with Wokingham railway station providing regular services to Reading, London Waterloo, and Gatwick Airport, while the A329(M) and M4 are easily accessible for commuters by road. The area is also well served by local bus routes and benefits from a selection of well-regarded schools and attractive green spaces, making it an ideal setting for a variety of lifestyles.
Pricing & affordability


Full Market Value: £310,000

40% Share Price: £124,000 (rent £599.27 pcm)
Minimum 5% Mortgage Deposit (% share): £6,200
Approximate Service Charges: £100.07 pcm*
Lease: 121 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 £310,000 and a purchaser would not need to meet the eligibility criteria listed above.