2 bedroom apartment for sale
Monarch Drive, Shinfield, RG2 9EW
Share percentage 35%, full price £235,000, £8,225 Min Deposit.
Share percentage 35%, full price £235,000, £8,225 Min Deposit
Monthly Cost: £1,203
Rent £592,
Service charge £196,
Mortgage £415*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
Summary
A fantastic 2-bedroom apartment with a communal garden and playground now available in Wokingham.
Description
The area offers a range of local amenities, including the popular Shinfield Arms pub, local shops, and supermarkets for everyday convenience. Outdoor lovers will appreciate nearby Wellington Country Park and Dinton Pastures, both offering beautiful green spaces for walking and recreation. For football fans, Reading Football Stadium is just a short drive away, making it easy to catch live matches and events.
- Communal garden
You will receive an email confirmation that will confirm next steps including how to book a viewing, completing a financial assessment with a mortgage advisor and completing a Shared Ownership Application Form.
Through Shared Ownership you can buy up to 75% of the property, paying a low-cost rent on the remaining unpurchased 'share' of the home. What's more, your mortgage deposit is based on the value of the share you buy, not the full market value, making these homes even more affordable than buying through private sale. With resale properties, you must purchase your first share at the percentage the existing leaseholder owns or more.
Tenure: Leasehold
Remaining lease term: 81 years
Annual ground rent amount: £0
Ground rent review period: Applicable upon final staircasing
Annual service charge amount: £2,352.84
Service charge review period: Annually
Council tax band: C
Particulars
Tenure: Leasehold
Lease Length: No lease length specified. Please contact provider.
Council Tax Band: C
Property Downloads
Floor Plan Energy CertificateMap
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 35%, full price £235,000, £8,225 Min Deposit. Calculated using a representative rate of 4.59%
