Summary - 131 OAK AVENUE RG40 1LR
1 bed 1 bath Apartment
Affordable shared-ownership starter close to Wokingham town and commuter links.
- 40% shared-ownership option: £100,000 share (full value £250,000)
- Long lease: 119 years remaining
- Open-plan kitchen/living with balcony
- Allocated off-street parking space
- Estimated service charge approx. £93.43 pcm
- Rent on unsold share approx. £248.37 pcm
- Eligibility requires connection to Wokingham Borough Council
- Built 2016; gas central heating and fast broadband
A modern one-bedroom shared-ownership apartment on Oak Avenue, offered as a 40% share for £100,000 (full value £250,000). Built in 2016, the second-floor home has an open-plan kitchen/living area that opens onto a small balcony, an allocated off-street parking space and a long 119-year lease. The property is well-presented and ready to move into, with gas central heating and fast broadband availability.
This home is aimed at first-time buyers seeking an affordable route onto the local market. Shared ownership reduces the upfront cost and monthly outgoings compared with buying outright, but you will pay rent on the unsold share (approx. £248.37 pcm) plus an estimated service charge (approx. £93.43 pcm). Eligibility requires a connection to Wokingham Borough Council and meeting the stated income and ownership criteria.
Practical positives include a generous total area (approx. 851 sq ft), allocated parking and proximity (about 1.5 miles) to Wokingham town centre with good commuter links. Expect low flood risk, excellent mobile signal and fast broadband—useful for remote working. Be aware service charges, annual rent reviews and council permission requirements are material factors when calculating affordability.
Overall, this is a straightforward, low-maintenance modern apartment that offers an accessible step onto the property ladder in a comfortable suburbia setting. Buyers who need maximum flexibility should note the shared-ownership obligations; those qualified can secure a competitively priced, move-in-ready home with immediate local amenities and strong school options nearby.
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