We are pleased to bring to the market this 3 bedroom Semi-Detached House Shared Ownership. It is situated in Reading, Berkshire and is available now

This superb and rarely available home is available to buy from as little as £220,000 with a 50% share!

This semi detached home has accommodation that features: entrance hall, lounge/dining room, fitted kitchen, conservatory, three bedrooms, bathroom, off road parking and an enclosed rear garden.

Woodley is a popular town within Berkshire and lies east of Reading town centre. With a friendly, community feel and home to a range of amenities including shops, cafes, restaurants, and leisure centres, Woodley is also surrounded by natural beauty. Southlake is just a couple of hundred yards away with easy access to a number of other local parks and open spaces including Dinton Pastures Country Park; perfect for walking, running and cycling with over 450 acres of lakes, meadows, and woodland. Earley train station is within ½ mile and access to Junction 10 of the M4 motorway is just a few minutes drive away.

PRICING & AFFORDABILITY

Approximate Size: 75 sq m

Full Market Value: £440,000

50% Share Price: £220,000 (rent £358.36 pcm)
Minimum 5% Mortgage Deposit (50% share): £11,000
Approximate Service Charges: £72.02 pcm*
Shared Ownership Lease: approx. 99 years
Council Tax Band: D

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 £440,000 and a purchaser would not need to meet the eligibility criteria listed above.