2 bedroom apartment for sale
Available
Rowan Court, 41 Lockhart Drive, RG40 5BF
£225,000 · Shared Ownership Resale

Share percentage 75%, full price £300,000, £22,500 Min Deposit.

Available
2 bedrooms
2 Bathrooms
Private Balcony/Terrace
Parking
Floor plan
floor-plan
Floor plan
floor-plan
£225,000 Shared Ownership Resale

Share percentage 75%, full price £300,000, £22,500 Min Deposit.

Monthly Cost: £1,256
Rent £182, Service charge £104, Mortgage £970*

Calculated using a representative rate of 3.09%

Calculate estimated monthly costs

£
Summary

A Fantastic Opportunity to Purchase a Two Bedroom Apartment on a Shared Ownership (Part Buy/Part Rent) Basis

Description

A smartly presented apartment on the top floor of this recently built development. The property is well proportioned and features a bedroom with fitted wardrobe and stylish en-suite shower room plus a second comfortable double bedroom, a main bathroom and useful hallway storage space. The 22' reception room has an open-plan kitchen with breakfast bar and doors that lead out onto a balcony. Rowan Court has been constructed with well insulated walls, high performance glazing and roof mounted solar panels. The apartment comes with use of a parking space and the location allows easy access to the M4. When not driving, Wokingham's railway station and attractive town centre can also be reached on foot, via bus or by brief cycle ride.

INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM[HERE; https://bit.ly/3kwnbBq]

(Please note the minimum income and deposit requirements for eligibility. You do not need to request a viewing separately once you have completed the application form.)

Tenure:Leasehold (125 years from 2020).
Share Available:75% (£225,000).
Shared Ownership Rent:£181.96 per month (subject to annual review).
Admin Fee:£19.91 per month (subject to annual review).
Service Charge:£1008 for the year (estimated and subject to annual review).
Ground Rent:£250.00 for current year.
Guideline Minimum Income:Dual £45,000 | Single £47,900 (based on minimum share and 10% deposit).
Council Tax:Band C, Wokingham Borough Council. Priority is given to applicants living and/or working in this local authority.

This property is offered for sale in the condition seen. The housing association does not warrant to carry out any remedial or redecoration work of a cosmetic nature unless specifically advised in writing. As a general rule, fitted domestic appliances are included in the sale; non-fitted appliances are not. If you require confirmation, you must request this in writing from Urban Moves. The information in this document supersedes any information given verbally either in person or by telephone. Pets not permitted (except assistance animals).

Key Features
  • Guideline Minimum Deposit £22,500
  • Guideline Income Dual £45k | Single £47.9k
  • Second (Top) Floor
  • Approx. 748 Sqft Gross Internal Area
  • High Performance Glazing
  • Bathroom plus En-Suite Shower Room
  • Parking Space
  • Walking Distance to Town Centre
Property Downloads
Floor Plan Brochure Energy Certificate
Map
Hook (11.52 miles) West Drayton (16.29 miles) Heathrow Terminals 1 2 3 (16.35 miles)
Monthly Cost Calculator

The ‘Estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together, rent, service charge and mortgage.

Read More Read Less
  • 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.

£225,000
Shared Ownership Resale
Estimated Monthly Cost:£1,256
Rent £182
Service Charge £104
Mortgage £970

Share percentage 75%, full price £300,000, £22,500 Min Deposit. Calculated using a representative rate of 3.09%


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.