1 bedroom apartment for sale
Jersey Drive, Wokingham, RG41 5FR
Share percentage 50%, full price £200,000, £5,000 Min Deposit.
Share percentage 50%, full price £200,000, £5,000 Min Deposit
Monthly Cost: £1,033
Rent £341,
Service charge £135,
Mortgage £557*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
Summary
A 1 bed shared ownership property available in Wokingham, Berkshire
Description
Spacious one-bedroom apartment now available in Wokingham through Shared Ownership.
This property comprises a spacious double bedroom with a wardrobe, a living room, a semi-separate kitchen, a bathroom, and a couple of storage rooms.
Off-street allocated parking is available.
The advertised lease length is subject to a simultaneous lease extension upon completion at no cost to the buyer.
Available for £100,000 for 50% share based on the marketing figure of £200,000.
Monthly rent - £340.92
Monthly Service Charge - £135.47
Total Monthly Charge - £476.39 plus mortgage required for 50% share.
An annual rent increase takes place every April
LocationWithin modern residential development with good links to facilities in Winnersh and beyond in Wokingham/Reading and good road network/public transport links.
Winnersh and Winnersh Triangle mainline stations are both about half a mile away. Close to local amenities such as Sainsbury's Superstore.
EPC ratingEnergy rating band - C
Environmental impact band - B
Years remaining on lease: 970
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 informationThe advertised lease length is subject to a simultaneous lease extension upon completion at no cost to the buyer.
Key Features
- One-bedroom apartment
- Modern building (2005)
- Great travel links
- Off-street allocated parking
- Available for 50% share
- 5% minimum deposit only
Particulars
Tenure: Not specified
Council Tax Band: Not specified
Property Downloads
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 50%, full price £200,000, £5,000 Min Deposit. Calculated using a representative rate of 5.03%
