2 bed flat for sale

Outfield Crescent, Wokingham, Berkshire RG40

This superb modern home is available to buy from as little as £180,000 with a 60% share!

This first floor apartment offers comfortable and practical accommodation and features a bright living space with access to a private balcony, a fitted kitchen, two bedrooms and a modern bathroom. The apartment also comes with allocated parking.

Outfield Crescent is well situated for everything Wokingham has to offer, with the town centre providing an excellent selection of shops, cafés, restaurants and leisure facilities. There are plenty of green spaces nearby, while larger retail and entertainment options can be found in Reading and Bracknell, both within easy reach. Wokingham train station is just a short stroll from the property.

For commuters, Wokingham railway station provides regular services towards Reading, London Waterloo and surrounding towns. The property is also well placed for access to the A329(M), M4 and M3, making it a convenient base for travel throughout Berkshire and further afield.
Pricing & affordability


Full Market Value: £300,000

60% Share Price: £180,000 (rent £163.46pcm)
Minimum 5% Mortgage Deposit (60% share): £9,000
Approximate Service Charges: £129.76pcm*
Shared Ownership Lease: 112 years remaining
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.
Local area connection


Buyer must have a local area connection in order to be eligible. This can be by way of living and/or working in the local borough of Wokingham. Proof will be required.

*Service charges are estimated and may subject to change. Rent and service charges will be reviewed annually by your housing provider, usually on 1st April each year.

** This home can also be purchased outright (100% of the value) which is £300,000 and a purchaser would not need to meet the eligibility criteria listed above.