2 bedroom house for sale
Bowyer Way, Wokingham, RG41 5RX
Share percentage 45%, full price £385,000, £8,663 Min Deposit.
Share percentage 45%, full price £385,000, £8,663 Min Deposit.
Monthly Cost: £1,346
Rent £345,
Service charge £36,
Mortgage £965*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
Summary
A 2 bed shared ownership property available in Wokingham, Berkshire
Description
This bright and spacious two-bedroom house is now available in Wokingham through Shared Ownership.
Located just 14 minutes away from Reading town centre, this two-story house comprises of 1 living room, 1 kitchen and 1 cloakroom on the ground floor level, and 2 bedrooms and a bathroom on the first floor. The property also benefits from allocated parking to the front, and a fully enclosed garden to the rear.
Minimum income required: £59,470
This is reduced if a larger deposit is available.
More shares can be purchased, from a minimum of 5%.
Available for £173,250 for 45% share based on the marketing figure of £385,000.
Monthly rent - £344.62
Monthly Service Charge - £35.74
Total Monthly Charge - £380.36 plus mortgage required for 45% share.
An annual rent increase takes place every April
Location- 14 minute drive from Reading town centre
- 5 minutes walk from a selection of cafes, shops and restaurants
- 5 minutes drive to Sainsbury's supermarket
- 6 minutes drive to several nurseries and schools
- 10 minute drive to a selection of shops, pubs, cafes and restaurants in Wokingham town centre
- 11 minute drive to Tesco Superstore
- 20 minute walk to Winnersh rail station
- 10 minute cycle to Winnersh Meadows
- 1 hour drive to London
EPC ratingEPC rating - B
Layout and dimensionsGross internal area - 83 sq m
Lease informationYears remaining on lease: 118
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.
Key Features
- Two-bedroom mid-terraced house
- Private rear garden
- Two storeys
- Great transport links
- Available for 45% share
- 5% minimum deposit only
Particulars
Tenure: Not specified
Council Tax Band: Not specified
Map
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 45%, full price £385,000, £8,663 Min Deposit. Calculated using a representative rate of 5.03%
