Shared Ownership
This superb modern home is available to buy from as little as £110,000 with a 40% share!
This well presented first floor apartment offers spacious and well balanced accommodation throughout. The property features a generous open plan kitchen/ dining/reception room measuring over 22 ft and is the main focus of the home.There are two double bedrooms along with a modern family bathroom and additional hallway storage. Externally is allocated parking within a gated car park with additional visitor bays available.
The property is conveniently located and well served by a range of local amenities. Nearby you will find local shops, supermarkets, cafés and everyday conveniences, along with larger retail options such as The Oracle Shopping Centre and Reading town centre just a short distance away. The area also benefits from nearby green spaces and parks, as well as a selection of well regarded schools and leisure facilities, making it a popular and convenient place to live.
For commuters, the property offers excellent transport connections. Reading Station provides direct rail services to London Paddington, London Waterloo and other major destinations, including access to the Elizabeth Line for fast routes into central London. You can link easily to Reading Station via Reading Green park Station which is less than 2 miles away. The location also offers easy access to the A33, M4 and surrounding road networks, making travel by car straightforward across the Thames Valley and beyond.
PRICING & AFFORDABILITY
Full Market Value: £275,000
40% Share Price: £110,000 (rent £500.92pcm)
Minimum 5% Mortgage Deposit (40% share): £5,500
Approximate Service Charges: £111.05 pcm*
Lease: 118 years remaining
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.
