2 bed flat for sale

Edrich Grange, Crowthorne, Berkshire RG45

Shared Ownership

This superb modern home is available to buy from as little as £165,000 with a 55% share!

Pleasantly positioned within this peaceful development adjacent to woodland is this second floor apartment. The property provides bright and well-presented accommodation consisting of two bedrooms, modern bathroom and a contemporary open plan kitchen/dining/living space with doors to a private west facing balcony. There is the added benefit of two allocated parking spaces and the balance of a 125 year lease.

Crowthorne is a semi-rural village located close to Wokingham and Bracknell. The village centre provides a range of amenities and eateries.
Crowthorne Train stations provides direct trains to Reading, Guildford, London Paddington and London Waterloo. There are also regular bus services and the motorway network is within easy reach.
Wokingham and Bracknell are both within a 10 minute drive by car and provide a broader range of amenities.
Pricing & affordability


Full Market Value: £300,000

55% Share Price: £165,000 (rent £425.83 pcm)
Minimum 5% Mortgage Deposit (55% share): £8,250
Approximate Service Charges: £80pcm*
Lease: 121 years
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 £300,000 and a purchaser would not need to meet the eligibility criteria listed above.