2 bedroom apartment for sale
Key information
Property description & features
- Tenure: Leasehold (244 years remaining)
- Modern shared ownership home
- Two double bedrooms
- Two balconies
- Bright living/dining room
- Fitted kitchen
- Allocated parking
This superb modern home is available to buy from as little as £122,000 with a 40% share!
A beautifully presented two bedroom apartment on the first floor of this sought-after development in Arborfield Green. The accommodation provides two large double bedrooms with doors to a balcony from the master bedroom. The kitchen is fitted with appliances and is open plan with a bright and spacious reception room and doors opening on to a second balcony overlooking green space. Further benefits include a long lease and allocated parking.
Arborfield Green is situated in between Wokingham and Reading providing easy access to both town centres and their amenities. Nearby Arborfield Cross village provides local facilities including a pub, a recreational ground and scenic countryside. Wellington Country Park is also a short drive from the property.
PRICING & AFFORDABILITY
Full Market Value: £305,000
40% Share Price: £122,000 (rent £546.71 pcm)
Minimum 5% Mortgage Deposit (40% share): £6,100
Approximate Service Charges: £25.61 pcm*
Shared Ownership Lease: approx. 244 years
Council Tax Band: C
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.
*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 £305,000 and a purchaser would not need to meet the eligibility criteria listed above.
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Property reference SDO240766. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by SOWN - National.
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Broadband availability and predicted speed: obtained from Ofcom on November 1, 2024
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Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
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Mobile phone signal availability and predicted strength: obtained from Ofcom on November 1, 2024
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Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
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