Chaucer Grove, Arborfield Green, Reading
35% Shared Ownership £101,500 (Tenant Fees)

This beautifully presented modern apartment offers stylish and spacious accommodation, providing an excellent opportunity for first time buyers through shared ownership. Canterbury House forms part of the popular Arborfield Green development, conveniently situated for local amenities, schools, green spaces and transport links to Reading, Wokingham and surrounding areas.

The accommodation comprises an entrance hall, impressive open plan living, dining and contemporary kitchen area with integrated appliances, two well proportioned bedrooms, with fitted wardrobes to the main bedroom, and a modern family bathroom. Further benefits include neutral décor throughout, double glazing, gas central heating, off road parking and access to a communal garden.

Please contact Sansome & George Estate Agents for further information or to arrange a viewing appointment.

Wokingham Borough Council Tax Band C.

Shared Ownership Information:
Full Market Value: £290,000
35% Share Price: £101,500
Estimated Monthly Rent: £310.78
Approximate Monthly Service Charge: £119.37
Remaining Lease: 117 Years

Shared Ownership Eligibility Criteria:
Age: Applicants must be aged 18 or over.
Household Income: Combined annual household income must not exceed £80,000 (£90,000 in London).

Homeownership Status:
Applicants must not currently own a property unless it is sold subject to contract, with a formal memorandum of sale in place, and the sale completes on or before the shared ownership purchase.
Financial Position: Applicants must have a good credit history, no significant mortgage or rent arrears and typically require a 5% deposit based on the share being purchased.
Affordability: Applicants must pass an affordability assessment with an approved independent financial adviser (IFA) or broker, demonstrating they cannot afford to purchase a suitable property outright.
Reservation Fee: £250, payable upon reservation and deducted from completion monies.
Transfer/Legal Fees: £75 each plus VAT where applicable.
Shared ownership eligibility criteria apply, including a local connection requirement to Wokingham Borough Council. Purchasers should confirm eligibility and applicable legal fees before proceeding.

Purchasers Note:
Some photographs may have been digitally enhanced to improve presentation, including the removal of temporary items, clutter and personal belongings. No structural alterations have been made and prospective purchasers should satisfy themselves as to the property's condition, layout and features through inspection and their own enquiries.