Lockhart Drive, Wokingham, Berkshire, RG40

The apartment is situated in a pleasant position on the development and would make a fantastic first time purchase. In brief, the accommodation comprises a spacious entrance hallway with storage cupboard, light & airy open plan kitchen/living room ideal for modern day living, two double bedrooms with the master enjoying an en-suite and built-in wardrobe, and a further bathroom.

The kitchen benefits from a built-in oven & hob with integrated fridge, freezer and dishwasher. The balcony is accessed from the living area and provides outside space. Further benefits include parking space with further visitor parking available and access to the communal bike & bin stores.

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.

When you’re ready, you can buy more shares until you staircase to owning 100% of your home.

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
• Shared owners must be first time buyers or do not own another property in the UK or any other country or have a memorandum of sale for their existing property.
• For a full list please contact the agent

Rent £384.11
Service Charge £100.07
Management Charge £25.96
Total £510.14 plus mortgage required for 60% share.

An annual rent increase takes place every April