This superb modern home is available to buy from as little as £84,000 with a 40% share
A well-presented one-bedroom apartment offering bright and modern accommodation, conveniently positioned within easy reach of Newbury town centre.
The accommodation centres around a spacious open-plan living and kitchen area, providing plenty of room for both relaxing and dining. The kitchen offers a good range of storage and worktop space, while large windows provide plenty of natural light. There is also a well-proportioned double bedroom and a modern bathroom, with the added benefit of a private balcony providing useful outdoor space. The property comes with a secure, gated undercroft parking space.
The property is well placed for Newbury's range of shops, cafés, restaurants and everyday amenities, including Parkway Shopping Centre. Newbury railway station provides direct services towards Reading and London Paddington, while the A34 and M4 are easily accessible for those travelling further afield.
PRICING & AFFORDABILITY
Full Market Value: £210,000
40% Share Price: £84,000 (rent £359.72pcm)
Minimum 5% Mortgage Deposit (40% share): £4,200
Approximate Service Charges: £200.82pcm*
Lease: 116 years
ELIGIBILITY
Shared Ownership gives first time buyers and those that do not currently own a home the opportunity to purchase a share in a new build or resales leasehold property. The purchaser pays a mortgage on the share they own and pays rent to a housing association on the remaining share. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright although this is not a guarantee.
To be eligible for shared ownership you would need to meet the following criteria:
• Your annual 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.
*Service charges are estimated and may subject to change. Rent and service charges will be reviewed annually by your housing provider, usually on 1st April each year.
** This home can also be purchased outright (100% of the value) which is £210,000 and a purchaser would not need to meet the eligibility criteria listed above.
