2 Bed Terraced House For Sale

SHARED OWNERSHIP

This property is available to buy for as little as £217,750 for a 65% share.

Offered to the market stands this spacious and well-presented two bedroom end of terrace house in Dexter Way, Wokingham.

This property comprises of an entrance hall with ground floor W/C, good size reception room with storage cupboard and a separate kitchen.

The first floor features two double bedrooms with fitted storage in the master, good sized family bathroom and loft space.

This home further benefits from allocated parking and a private rear enclosed garden.

PRICING AND AFFORDABILITY

Full market value: £335,000
Rent (65% share): £300.68 pcm
Service charge: £42.11 pcm
Lease: Approx. 81 years remaining (lease will be extended back to 99 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.

** This home can also be purchased outright (100% of the value) which is £335,000 and a purchaser would not need to meet the eligibility criteria listed above.