Shared Ownership
This superb modern home is available to buy from as little as £230,000 with a 50% share!
This well presented semi detached home sat on a generous plot and offering spacious and versatile accommodation. The ground floor comprises a welcoming entrance hall leading to a generous reception room, alongside a bright kitchen/dining room with direct access to the rear garden. A convenient downstairs WC completes the ground floor. Upstairs, the property benefits from three bedrooms and a modern family bathroom. Externally, the home enjoys a large rear garden, off road parking and an attractive position within the development.
Located in the popular area of Greenham, Thatcham, the property is well placed for a range of local amenities including shops, supermarkets, schools and leisure facilities. Nearby Newbury town centre offers a variety of independent retailers, cafés and everyday conveniences, while the surrounding Berkshire countryside provides plenty of scenic walks and outdoor spaces. Thatcham town centre is also within easy reach, offering further shopping, dining and entertainment options.
For commuters, the property benefits from excellent transport connections. Newbury railway station provides direct services to Reading and London Paddington, while the nearby A4 and M4 motorway offer convenient road links across Berkshire and into London and the South East. The location is also well positioned for access to Thatcham, Reading and Basingstoke.
PRICING & AFFORDABILITY
Full Market Value: £460,000
50% Share Price: £230,000 (rent £508.69pcm)
Minimum 5% Mortgage Deposit (50% share): £12,500
Approximate Service Charges: £68.17pcm*
Lease: 121 years left
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 £460,000 and a purchaser would not need to meet the eligibility criteria listed above.
