Shared Ownership
This superb modern home is available to buy from as little as £132,000 with a 40% share!
Offered to the market with no onward chain, this mid terrace home has accommodation arranged over two floors and comprises an entrance hall, fitted kitchen, ground floor cloakroom and a spacious living room. Upstairs, there are two double bedrooms and a family bathroom. Externally is allocated parking for two cars and an enclosed rear garden.
Te property enjoys easy access to the open green spaces of Greenham Common, perfect for walking, cycling and outdoor recreation. Newbury town centre is within easy reach and offers an excellent selection of shops, cafés, restaurants and leisure facilities, while nearby retail parks provide additional everyday conveniences. Greenacre Place is a modern development located close to Greenham Common and local amenities.
For commuters, Newbury town centre and the mainline railway station are easily accessible, providing direct services to Reading and London Paddington. The A34 and M4 motorway (Junction 13) are also nearby, offering excellent road connections to Reading, Oxford, Basingstoke and beyond.
PRICING & AFFORDABILITY
Full Market Value: £330,000
40% Share Price: £132,000 (rent £586.93 pcm)
Minimum 5% Mortgage Deposit (40% share): £6,600
Approximate Service Charges: £60.54 pcm*
Lease: 115 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.
