This superb modern home is available to buy from as little as £127,500 with a 50% share!
Located in the sought-after area of Hutton Close, Newbury, this well-presented two-bedroom ground floor apartment offers a fantastic opportunity.
The property features a spacious open-plan kitchen, dining and living area measuring over 21ft in length, providing the perfect space for relaxing, entertaining and everyday living. The modern kitchen benefits from ample worktop and storage space, while the bright reception area offers flexibility for a range of furniture layouts.
There are two well-proportioned bedrooms, including a generous principal bedroom and a second bedroom ideal for guests, children, or a home office. The contemporary family bathroom is finished to a good standard, and additional storage space can be found off the central hallway.
Hutton Close is ideally located for everyday convenience, with a range of local shops, supermarkets, schools and leisure facilities nearby. Newbury town centre offers an excellent selection of high street retailers, independent cafés, restaurants and bars, while the nearby Parkway Shopping Centre provides further retail and dining options.
For commuters, the property benefits from excellent transport connections. Newbury railway station provides direct services to Reading, London Paddington and the West Country, while the A34 and M4 are easily accessible, offering convenient road links to Reading, Oxford, Basingstoke and beyond.
PRICING & AFFORDABILITY
Full Market Value: £255,000
50% Share Price: £127,500 (rent £313.35pcm)
Minimum 5% Mortgage Deposit (50% share): £6375
Approximate Service Charges: £158.15pcm*
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.
** This home can also be purchased outright (100% of the value) which is £255,000 and a purchaser would not need to meet the eligibility criteria listed above.
