Shared Ownership
This superb modern home is available to buy from as little as £100,000 with a 50% share!
A well-presented one-bedroom apartment offering a spacious and contemporary layout, together with one allocated parking space within the secure basement car park. The accommodation centres around a generous open-plan kitchen/living/dining room, providing plenty of space for both relaxing and dining, with doors opening onto a private balcony.
The property also features a well-proportioned double bedroom, bathroom and excellent built-in storage, with multiple storage cupboards positioned off the hallway. The combination of private outside space, open-plan living and secure allocated parking makes this a particularly practical apartment.
Nightingale Way is conveniently positioned to the west of Reading town centre, with Reading West railway station approximately 0.4 miles away and regular bus services available close to the development. Everyday amenities are also within easy reach, including a Tesco around 130 yards away, while Reading town centre and the mainline station provide a much wider range of shopping, leisure and transport connections.
PRICING & AFFORDABILITY
Full Market Value: £200,000
50% Share Price: £100,000 (rent £398.30pcm)
Minimum 5% Mortgage Deposit (50% share): £5,000
Approximate Service Charges: £122.90pcm*
Lease: 120 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.
Council Tax Band B
