Emmbrook PlaceWokingham, RG41
1 & 2 bedroom apartments
Contact us on: 0330 1272574
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.
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
• 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.