1 bed flat for sale

Arnett Avenue, Finchampstead, Wokingham RG40

Shared Ownership

This superb modern home is available to buy from as little as £92,000 with a 40% share!

Situated in sought-after Finchampstead, this well-presented one-bedroom apartment at Redlands House offers bright, spacious and contemporary living.

The property benefits from a generous open-plan living/kitchen/dining room, creating a sociable and versatile living space with ample room for relaxing, entertaining and dining. The fitted kitchen is thoughtfully arranged with good worktop and storage space.
The spacious double bedroom enjoys a pleasant layout with room for additional furnishings, while the modern bathroom is well-appointed and conveniently positioned off the central hallway.

Further benefits include allocated parking, well-proportioned accommodation throughout and a convenient location within easy reach of local amenities, countryside walks and transport links.

Redlands House enjoys an excellent position in the desirable village of Finchampstead, offering a balance of countryside surroundings and everyday convenience. A range of local amenities are within easy reach, including supermarkets, cafés, pubs, pharmacies and healthcare facilities, while nearby California Country Park and surrounding woodland provide excellent opportunities for walking, cycling and outdoor leisure. The neighbouring towns of Wokingham and Crowthorne offer a wider selection of shopping, restaurants and leisure facilities.

For commuters, the property is well placed for access to Wokingham, Crowthorne and Blackwater railway stations, providing connections to Reading, Guildford and London via changing services. Excellent road links are available via the A329(M) and M4, offering convenient access to Reading, Bracknell, Heathrow Airport and central London. The area is also well served by local bus routes, making day-to-day travel straightforward.
Pricing & affordability


Full Market Value: £230,000

40% Share Price: £92,000 (rent £187.53 pcm)
Minimum 5% Mortgage Deposit (40% share): £4,600
Approximate Service Charges: £117.73 pcm*
Lease: Tbc
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 £230,000 and a purchaser would not need to meet the eligibility criteria listed above.