Shared Ownership
This superb modern home is available to buy from as little as £152,000 with a 40% share!
Situated in the popular residential area of Hermitage Green, Thatcham, this well-proportioned three-bedroom home offers approximately 920 sq. ft. of accommodation across two floors, making it an ideal choice for families and first-time buyers.
The ground floor features a spacious reception room with French doors opening onto the private rear garden, creating a bright and welcoming living space. There is also a separate fitted kitchen, a convenient downstairs WC and useful storage.
Upstairs, the property offers three bedrooms, including a generous principal bedroom with its own en-suite shower room. A family bathroom serves the remaining bedrooms, providing practical accommodation for everyday living.
Further benefits include an allocated parking space and a private rear garden, ideal for relaxing or entertaining. The property is conveniently located within easy reach of local amenities, schools and transport links.
PRICING & AFFORDABILITY
Full Market Value: £380,000
40% Share Price: £152,000 (rent £629.57pcm)
Minimum 5% Mortgage Deposit (40% share): £7,600
Approximate Service Charges: £48.02pcm*
Lease: 168 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 D
