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NEW HOME

Flat 5, 5 Queen Road, Wokingham

£178,125
Added on 18/05/2021
Romans, Romans Shared Ownership
PROPERTY TYPE
Apartment
BEDROOMS
x1
BATHROOMS
x1

Key features

  • Brand new Shared Ownership home
  • Open plan lounge/kitchen/diner
  • Private balcony
  • Parking
  • Easy access to Wokingham Train Station
  • First floor

Property description

Tenure: Leasehold



Make your move and choose apartment living! Finding a space of your own is within reach with our new Shared Ownership apartments. If you reserve one of these new homes you will receive all these amazing incentives!

- 3 Months Rent Free^
- £1000 Love2shop voucher on completion^^
- Reserve for £99†
- £500 towards legal fee’s‡

Shared Ownership

This brand new home is available to buy from as little as £178,125 with a 75% share!

Emmbrook Place is a brand new development of shared ownership apartments, situated in the highly sought-after and historic town of Wokingham. Located just over a mile from the heart of the town and the redeveloped train station, Emmbrook Place is well placed for a wide range of high street stores, independent retailers, an open-air market, cafés, pubs, restaurants and entertainment venues.

The area benefits from excellent state and private schools, while for keeping fit, there are sports clubs, gyms and leisure centres, plus a host of golf courses, parks and green open spaces. For further work, retail and leisure opportunities, Reading is less than 12 miles away, while many delightful towns and villages are within easy reach, including Henley-on-Thames, Eton and Sonning.

The nearby countryside is a delight, offering a fantastic landscape for walking, cycling and horse riding. For commuters, Wokingham station offers regular train services to Reading and London Paddington, while by road, Junction 10 of the M4 is nearby, offering easy access west to Reading, Swindon and Bristol and east to the M25, Heathrow Airport and London.

This spacious first floor apartment features an open plan lounge/kitchen/diner that stretches the entire length of the apartment with access to a private balcony, a lovely double bedroom, bathroom and parking.

PRICING & AFFORDABILITY

Approximate Size 551 sq ft

Full Market Value: £237,500

45% Share Price: £106,875 (rent £163.28pcm)
60% Share Price: £142,500 (rent £118.75pcm)
75% Share Price: £178,125 (rent £74.22pcm)

Minimum 5% Mortgage Deposit (45% share): £5,344

Approximate Service Charges: £130.72 pcm*

ELIGIBILITY

The Shared Ownership scheme is a Part Buy, Part Rent way of owning your own home for a smaller up front payment. With Shared Ownership, you buy a share of your home using a mortgage from a bank or building society and pay a subsidised rent on the share you did not purchase. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright.

At Emmbrook Place you can buy a minimum 45% share of your home (the maximum you can buy initially is 75%). When you’re ready, you can buy more shares until you staircase to owning 100% of your home.

To be eligible for this shared ownership scheme you would need to meet the following criteria:

• Your household income does not exceed £80,000 (outside of London) and £90,000 (inside of London)
• 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.
• You must live or work in the Wokingham Borough Council area.

Please note the minimum share you can purchase can vary depending on your financial situation and you may be asked to purchase a larger share, should your personal circumstances permit.

*Service charges are estimated and may subject to change.

**These photos are for information purposes only and may not represent a true likeness for the units being sold. They may have been taken from earlier phases or similar developments/house types and digitally furnished to represent how the home could be laid out; the final colours/appearance/specification may differ from the images and are not plot specific. We advise applicants to make their own investigations on future development in the area. We would suggest contacting the local authority for more information.

Leaders Romans Group are selling the homes on behalf of Sage Housing. Sage Housing is a Registered Provider committed to providing high quality affordable homes across England. For more information on Sage Housing visit

T&C’s - Sage Housing terms and conditions apply. ^Rent Free – Terms and conditions apply. No rent will be collected for the first 3-month period following the date of completion. Mortgage payments will be due on the purchased share, 3-month rent holiday applies to the unpurchased share. ^^Love2shop Voucher – Terms and conditions apply. Voucher will be provided to the customer on completion. †Reservation fee – Terms and conditions apply. Offer only valid on selected plots, other plots are available. ‡Legal fees – Terms and conditions apply. The legal cost contribution will only be made if a recommended solicitor’s is used. The purchase is subject to exchange of contracts up to 28 days after reservation. Please speak to a member of our Sales Team for more details.

Flat 5, 5 Queen Road, Wokingham

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Wokingham Station0.9 miles
  • Winnersh Station1.4 miles
  • Winnersh Triangle Station2.2 miles
Mortgages
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About the agent

Romans, Romans Shared Ownership

Crowthorne House Nine Mile Ride, Crowthorne, RG40 3GZ

Romans, Romans Shared Ownership

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Disclaimer - Property reference SDO210201. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Romans, Romans Shared Ownership. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

* Average speed available at this postcode based on the download speeds of at least 50% of customers at peak time (8pm to 10pm) from packages available on comparethemarket.com. Speeds can be affected by a range of technical and environmental factors. The speed you receive where you live may be lower than that listed above. You can check the estimated speed to a property prior to purchasing. Fibre/cable services at your postcode are subject to availability. You can confirm availability on the provider's website. Providers may increase charges. The information is provided and maintained by Stickee Technology Limited.

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