Share Price £75,000 (from 25% Min. Share)

Full Value £300,000 | £3,750 Min. Deposit

Scheme: Shared Ownership Resales

check_circle Available now

2 bedroom apartment in Wokingham - Wokingham

place PINEWOOD HOUSE, IFOULD CRESCENT, RG40 1LB

Budget Calculator
Calculate monthly cost help
Sign in to Register Your Interest mail

Home Group Resales

favorite_outline Save Property

Two bed apartment with two bathrooms- too good to miss!


Eligibility

Minimum household income requirement: £27,214^

Application process: A financial assessment must be completed before any physical viewing can take place. This forms part of Home Group’s buyer approval process. These assessments are carried out remotely by The Mortgage People. Once you have confirmed an interest in purchasing a property, the contact details will be made available.

We will not carry out any credit checks or contact any reference agencies without your written consent.

Help to Buy Agent: In order to apply you must be registered with Help to Buy South https://helptobuyagent3.org.uk/user/. You will need to provide your HTB reference when completing the application process.

Current homeowners: Anyone who currently owns a home must have a sale agreed to apply.

Local connection: Applicants must have a local connection to Wokingham.

Priority: Priority is given to those nominated by Wokingham Borough Council.


Description

***Please quote PIN469 when enquiring.***

- Introduction -

Always dreamt of owning your own home? Tired of renting with nothing to show for it? This 2-bed 2-bathroom apartment on the popular Montague Park development is just the answer! With neutral decoration throughout and ready to call your own, can you afford to miss out?

Perfectly placed in a new residential area, your new home offers an abundance of activities for your evenings and weekends. With easy access to the train station, take a shopping trip to London, a weekend wander in the Dinton Pastures Country Park or simply enjoy your stunning new home! Call us to find out more!

- What the owner says -

“The apartment is brand new and has never been lived in. Montague Park is an award-winning development in Wokingham, a popular town in Berkshire. Fully fitted kitchen and plenty of storage throughout.”

- Full description –

Shared ownership is a government backed scheme that can be a stepping stone to completely owning your own home. If you’re finding it difficult to save for a deposit this is a great option as the amount you’ll need is based on the share you’re buying.

Two-bed two-bathroom apartment (second floor)

Entrance hallway has ample storage and a telephone entry system.

Open plan living room/kitchen with dual aspect windows.

Unused white goods included comprising of; washer/dryer, dishwasher, fridge/freezer, electric cooker and gas hob.

Master bedroom and second bedroom. The master bedroom benefits from an en-suite shower room.

Family bathroom has a bath with overhead shower, wash hand basin and a WC.

Newly fitted carpets are in the bedrooms. The living room/kitchen is fitted with Amtico spacia wood affect vinyl. The bathroom floor is tiled.

Gas central heating.

Allocated parking space.

- Costs –

PRICE - £75,000*

RENT - £527.66pm

SERVICE CHARGE - £138.22**

*This represents a 25% share of the full open market value of £300,000

**This includes: management charge, service charge and sinking fund. Rent and service charges are reviewed annually.

- General Information -

Tenure: Leasehold

Lease: 125 years from 1st January 2017

Years remaining on lease: 122 approx.

Approximate internal area: 66 sq. m.

Local authority: Wokingham Borough Council

Council tax band: D

EPC rating: B (83)

Ground rent: £200pa

- Terms, conditions and requirements -

Minimum household income requirement: £27,214^

Application process: A financial assessment must be completed before any physical viewing can take place. This forms part of Home Group’s buyer approval process. These assessments are carried out remotely by The Mortgage People. Once you have confirmed an interest in purchasing a property, the contact details will be made available.

We will not carry out any credit checks or contact any reference agencies without your written consent.

Help to Buy Agent: In order to apply you must be registered with Help to Buy South https://helptobuyagent3.org.uk/user/. You will need to provide your HTB reference when completing the application process.

Current homeowners: Anyone who currently owns a home must have a sale agreed to apply.

Local connection: Applicants must have a local connection to Wokingham.

Priority: Priority is given to those nominated by Wokingham Borough Council.


- Viewings -

In addition to the financial assessment, a virtual tour is required before any physical viewing can take place.

Virtual and physical viewings are held strictly by appointment - call today for more information.

Only those who have physically viewed the property are able to apply. If you have viewed and would like to apply please register your interest with the Resales Team.


Key Features

  • *£75,000 for a 25% share under the shared ownership scheme*
  • Viewing is highly recommended
  • Excellent starter home
  • Allocated parking
  • Perfect for the commute with the train station only 1.8 miles away
  • Easy access to Wokingham town centre
  • You can purchase more shares up to 100% when the time is right for you

Download Documents

Energy Certificate
Budget Calculator
arrow_backwards Back to 2 bedroom apartment in Wokingham - Wokingham

Calculate Monthly Cost

Share price
£ 75,000
Min. £75,000
Share percentage
Min. 25%
Your deposit
Min. £3,750
Monthly cost*
£1,040
Cost breakdown
£528
Rent
£138
Service charge
£374
Mortgage*
Calculated using a representative rate of 3.94%
help

Sign in to Register Your Interest mail

Home Group Resales

favorite_outline Save Property

Location

Disclaimer

The information displayed about this property comprises a property advertisement. Share to Buy ltd makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Share to Buy has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by the sponsoring housing association. Please contact the housing association or estate agent directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007.

The ‘Estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together:

  • Rent: this is charged on the share you do not own and is usually payable to a housing association (rent is not generally payable on shared equity schemes)
  • Service Charge: covers maintenance costs for the property as a whole and communal areas
  • Mortgage: Share to Buy ltd are specialist Shared Ownership mortgage brokers and we use a database of daily updated mortgage rates to work out the lowest rate available for the deposit amount shown, and then generate an estimated monthly payment on a 25 year capital repayment basis.


NB: this mortgage estimate is not confirmation that you can obtain a mortgage and you will also need to satisfy the requirements of the relevant mortgage lender. Nor is this a guarantee that in practice you would be able to apply for such a rate, and nor is this a recommendation that the rate used would be the best product for you.