Kennylands Road, Sonning Common £106,250

A two bedroom end of terrace house being sold with a minimum of 25% share available at £106,250 with a monthly rental on the unowned equity of £664 per month. Please note that any purchaser must have a local connection (living or working) within the South Oxfordshire District for more than two years. Other share options are available subject to any purchaser's finances.

Keegan White in conjunction with Red Kite Community Housing are offering shared ownership properties on the Shanly Homes' Kennylands Place development, within the sought after location of Sonning Common.

This end of terrace home provides a fully equipped kitchen, complete with fridge freezer, washing machine, dishwasher, oven, hob. The lounge/diner is well proportioned and there is a guest cloakroom to the ground floor. Upstairs, there are two double bedrooms and the main family bathroom. The fittings throughout are contemporary in design and the property will be carpeted to living areas, with vinyl flooring to kitchen and bathrooms. With parking, rear garden, and a gross floor area of 83.5sqm/898sqft, the property will make a superb first time buy.

This Chiltern village has numerous amenities for local residents, including a shopping, primary school, public houses and cafes, and outdoor leisure pursuits. Located approximately in between the towns of Henley-on-Thames and Reading, with both having a wider variety of facilities, Kennylands is ideally positioned to combine excellent commuting capabilities whilst enjoying rural living in an Area of Outstanding Natural Beauty.

Shared ownership provides an excellent alternative to renting and allows buyers to enter the housing market into a property that suits their needs. Buyers can purchase a proportion of a property from 25% upwards, paying an affordable monthly rent of 2.5% on the retained share. The shared ownership comes with a long Lease with an annual service charge of £730 per annum and overtime a buyer can increase the percentage of share to the full 100% Freehold ownership.

Shared ownership examples:

25% shared ownership costs £106,250 & the monthly rent would be £664.
50% shared ownership costs £212,500 & the monthly rent would be £443.
75% shared ownership costs £318,750 & the monthly rent would be £221.