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402 Emmbrook Place

Shared ownership

Flat 2, Wokingham, RG41 1BX

For salenew home
Plot  gallery image
Plot  gallery image
Plot  gallery image
Plot  gallery image
Live from space album cover

1 bedroom flat

Brand new 1 bedroom apartment on the Emmbrook Place Development in Wokingham. The price advertised represents purchasing a 45% share of the home.

 

About the Home

 

This plot is a wonderful 1 bedroom  ground floor apartment. The plot enters to an L shaped hallway. Ahead there is a large storage cupboard and to the left you have the three piece bathroom with shower over bath. At the end of the hall you are presented with the spacious bedroom and the large Kitchen/Dining/Living room with French doors onto private patio.

 

About the Development

 

Emmbrook Place is a brand new development of shared ownership apartments, situated in the highly …

Features

Bedrooms1
Bathrooms1
Reception rooms1
Furniture statusunfurnished
Number of floors1
Tenureleasehold

from

£105,750

with min. deposit

£5,288

45% Share from
£105,750
Full market price
£235,000
Minimum deposit
£5,288
Monthly rent
£296
Monthly service charge
£85
Sage Housing

Sage Housing

FAQs

Shared ownership is a government-backed scheme, designed to make stepping onto the property ladder more affordable. You buy a portion of a home normally with a mortgage and a deposit, and pay a low-cost rent on the rest.

Read more on the Shared Ownership FAQ

Help to Buy is an equity loan scheme to help you buy a new home. If you have a 5% deposit and can cover 75% of the value of the home with a mortgage (or 55% in London), the Government will lend you up to the remaining 20% (40% in London) in the form of an equity loan that carries 0% interest in the first 5 years. This is available on a variety of new-build properties for first time buyers and is subject to the property price, the subsequent price cap in that region and the developer offering the option.

You can read more on the Help to Buy FAQ

The rules for shared ownership are different to a private purchase. In short, as long as you don’t currently own, or won’t own another property when you move in to a new home, you’re likely to qualify. Help to Buy is available to first time buyers only and the property value itself must fall below a price threshold for that specific area which varies in terms of the average house price in the region.

Read more about eligibility in the FAQ

Some properties require you to live or work in the local area in order to be eligible to buy them. By knowing the areas in which you live and work, we can make sure you see everything available to you.

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