3 bedroom house for sale
Cedar Grove, Wokingham, RG41 1AP
Share percentage 25%, full price £525,000, £6,563 Min Deposit.
Share percentage 25%, full price £525,000, £6,563 Min Deposit
Monthly Cost: £1,896
Rent £1,121,
Service charge £62,
Mortgage £713*
Calculated using a representative rate of 4.78%
Calculate estimated monthly costs
Summary
A 3 bed shared ownership property available in Wokingham, Berkshire
Description
This bright, modern three-bed semi-detached house is now available in Wokingham through Shared Ownership.
The ground floor comprises an entrance hall, a spacious living room with a modern open-plan kitchen and a WC. On the first floor are three double bedrooms (one en-suite) and a bathroom.
Outside, there is off-street parking and a private rear garden. Perfect for couples and families.
This home has been created by Home Group, a registered housing provider in the UK. SO Resi is acting on behalf of Home Group to bring this property to the market.
There will be charges payable to the landlord upon completion. Please enquire for further information.
Available for £131,250 for 25% share based on the marketing figure of £525,000.
Monthly rent - £1121.04
Monthly Service Charge - £62.12
Total Monthly Charge - £1,183.16 plus mortgage required for 25% share.
An annual rent increase takes place every April
LocationLiving in Wokingham is a pleasant experience. This area has beautiful parks and green spaces, making it great for families and anyone who enjoys nature.
The town center offers various shops, cafes, and restaurants, perfect for a day out with friends or family. Wokingham is also known for its good schools, which attract many families to the area. Public transport is convenient, with easy access to trains and buses that connect to nearby towns and cities.
The community is welcoming, and there are often local events and markets that bring people together. With its blend of modern living and historic charm, Wokingham provides a comfortable and enjoyable environment. Overall, living in Wokingham means you can enjoy a peaceful lifestyle while still being close to everything you need.
Lease informationYears remaining on lease: 119
In certain cases, the remaining length of the lease on a property can impact the availability of mortgages to prospective purchasers and the future saleability of the home. We recommend that you speak to your solicitor and your financial advisor to ensure that the lease length is suitable for your needs.
Other informationHow we allocate Shared Ownership homes
We offer homes on a first-come, first-served basis, as long as you meet all the eligibility criteria. Sometimes, we give priority to people who live or work in the same area as the home. This is based on rules set by the local authority. All Shared Ownership providers must publish an allocations policy, which explains how they decide who gets a home.
If the home is managed by SO Resi and MTVH
You can read the Shared Ownership allocation policy on the MTVH website. SO Resi is the Shared Ownership brand of MTVH, a housing association.
If the home is managed by another provider
Visit their website to find their allocation policy. Contact us if you have any questions.
Key Features
- Three bed semi detached house
- Modern kitchen
- Off-street parking
- Rear garden
- Available for 25% share
- 5% minimum deposit only
Particulars
Tenure: Leasehold
Lease Length: 119 years
Council Tax Band: Not specified
Property Downloads
Key Information Document Floor PlanMap
Material Information
Total rooms:
Furnished: Enquire with provider
Washing Machine: Enquire with provider
Dishwasher: Enquire with provider
Fridge/Freezer: Enquire with provider
Parking: n/a
Outside Space/Garden: n/a
Year property was built: Enquire with provider
Unit size: Enquire with provider
Accessible measures: Enquire with provider
Heating: Enquire with provider
Sewerage: Enquire with provider
Water: Enquire with provider
Electricity: Enquire with provider
Broadband: Enquire with provider
The ‘estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together: rent, service charge and mortgage.
- 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 and repairs for communal areas within your development.
- Mortgage: Share to Buy use a database of mortgage rates to work out the rate likely to be available for the deposit amount shown, and then generate an estimated monthly plan on a 25 year capital repayment basis.
NB: This mortgage estimate is not confirmation that you can obtain a mortgage and you will need to satisfy the requirements of the relevant mortgage lender. This is not a guarantee that in practice you would be able to apply for such a rate, nor is this a recommendation that the rate used would be the best product for you.
Share percentage 25%, full price £525,000, £6,563 Min Deposit. Calculated using a representative rate of 4.78%
