1 bedroom apartment for sale
9 Edmund House, 19 Copsewood, RG41 1AS
Share percentage 50%, full price £260,000, £6,500 Min Deposit.
Share percentage 50%, full price £260,000, £6,500 Min Deposit.
Monthly Cost: £1,201
Rent £357,
Service charge £120,
Mortgage £724*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
The GLA and Homes England set the eligibility criteria for Shared Ownership, but broadly speaking you must:
- Not own another property in the UK or any other country.
- Have a household income that falls below £90,000 (£80,000 threshold outside the M25). Every property will have a minimum income level too, determined by its’ value, rent and service charge costs. In most cases you will need to meet or exceed the given minimum income.
- Have access to a minimum deposit of 10% of the share being purchased (a minimum deposit of 5% of the share being purchased may be acceptable depending on individual financial status).
- Be in full time permanent employment.
- Be a British, EU or EEA Citizen or have indefinite leave to remain in the UK.
- Have a good credit history.
Summary
One bedroom top floor apartment located in Emmbrook, Wokingham
Description
Presented to the market in immaculate condition is this one bedroom top floor apartment, located within the highly sought after location of Emmbrook, Wokingham.
The property offers a twenty two foot lounge which seamlessly blends into its open plan kitchen which includes high end built in appliances finished to a premium specification.This expansive space is flooded with natural light from its dual-aspect windows and juilet balcony. The layout has been strategically designed for modern living, ideal for both relaxing and entertaining guests.
The principle double bedroom has fitted in wardrobes which is conveniently accompanied with a three piece bathroom suite. The property`s hallway entrance offers useful storage, a private loft and space to utilise for a cloakroom. The apartment also comes with an allocated parking space with visitor parking also available and a private bike shed for residents to access.
Located within easy reach of Wokingham Town Centre, major commuting links including the A329 (M) & M4 and Wokingham`s mainline railway station makes this property ideally situated for all needs.
*Information is correct to the best of our knowledge, please speak to the estate agent for more information*
Key Features
- Top floor apartment
- One bedroom
- Open plan living area
- Built-in storage
- Juliet balcony
- EPC Rating B
- Tenure:Leasehold (125 years from 21/06/2019)
- Share Available:50% (£130,000)
- Shared Ownership Rent:£357.20 per month (subject to annual review)
- Lease Management Fee:£23.46 per month (subject to annual review)
- Service charge:£120 per month (subject to annual review)
- Council Tax:Band C, Wokingham Borough Council
Particulars
Tenure: Leasehold
Lease Length: 125 years
Council Tax Band: C
Property Downloads
Key Information Document Floor PlanMap
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 50%, full price £260,000, £6,500 Min Deposit. Calculated using a representative rate of 5.03%
