3 bedroom terraced house

SHARED OWNERSHIP (Advertised price represents 45% share. Full market value £400,000). A chance to buy a three-bedroom, shared-ownership family home. This mid-terrace property has a spacious kitchen with sleek, handle-less units, integrated appliances and breakfast bar. There is a ground-floor cloakroom and a good-sized reception/dining room which opens onto the rear garden. Upstairs, on the first floor, is a main bedroom with built-in wardrobe plus a generously-sized second double bedroom and a third bedroom ideal for a smaller child, guest or use as a home office. The bathroom features a large overhead and separate, hand-held shower. Well insulated walls and roof, modern double-glazed windows and gas central heating make for a good energy-efficiency rating. The house comes with parking for two cars and Reading town centre/railway station can also be easily reached via bus or brief bike ride. There is an Aldi supermarket and a large M&S Foodhall just a short walk from Barbel Close. Thames Valley Park is close by and Palmer Park Leisure Centre within easy reach. The local area also has a number of highly-rated schools.

INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [ ]

(Please note the minimum income and deposit requirements for eligibility. You do not need to request a viewing separately once you have completed the application form.)

Housing Association: A2Dominion.
Tenure: Leasehold (125 years from 19/05/2008).
Minimum Share: 45% (£180,000). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £579.50 per month (subject to annual review).
Service Charge: £111.91 per month (subject to annual review).
Guideline Minimum Income: Dual - £56,700 | Single - £65,200 (based on minimum share and 10% deposit).
Council Tax: Band C, Wokingham Borough Council. Priority is given to applicants living and/or working in this local authority.

This property is offered for sale in the condition seen. The housing association does not warrant to carry out any remedial or redecoration work of a cosmetic nature unless specifically advised in writing. As a general rule, fitted domestic appliances are included in the sale; non-fitted appliances are not. If you require confirmation, you must request this in writing from Urban Moves. The information in this document supersedes any information given verbally either in person or by telephone.

WHAT IS SHARED OWNERSHIP ?

Shared Ownership is a housing scheme designed to help homebuyers who are unable to afford the cost of buying a property outright on the open market. Properties may be sold off-plan or new build direct from housing associations, or pre-owned from existing shared owners. The rules and terms of the scheme are set by the Greater London Authority (GLA) in London and Homes England outside of London.

IS SHARED OWNERSHIP FOR YOU ?

The GLA and Homes England set the eligibility criteria for Shared Ownership, but broadly speaking you must:

1. Not own another property in the UK or any other country.
2. Have a household income that falls below £90,000 (£80,000 threshold outside the M25). Every property will have a minimum income level too, determined by its value, rent and service charge costs. In most cases you will need to meet or exceed the given minimum income.
3. Have access to a minimum deposit of 10% of the share being purchased (a minimum deposit of 5% of the share being purchased may be acceptable depending on individual financial status).
4. Be in full time permanent employment.
5. Be a British, EU or EEA Citizen or have indefinite leave to remain in the UK.
6. Have a good credit history.