Shared Ownership
This superb modern home is available to buy from as little as £140,000 with a 40% share!
This modern mid terrace home benefits from two allocated parking spaces at the front of the house and has accommodtion that features: entrance hall, downstairs WC, kitchen/breakfats room, living room, two bedrooms, bathroom and an enclosed rear garden.
Burghfield Common benefits from a range of local shops, pubs, schools, and leisure facilities, all within walking distance. The surrounding countryside offers scenic walks and outdoor activities, making it popular with families and those seeking a village lifestyle.
Excellent road access to the M4 (Junctions 11 & 12) and into Reading, Newbury and London. Reading station provides fast services to London Paddington and the Elizabeth Line, with regular local bus services connecting the village to nearby towns.
PRICING & AFFORDABILITY
Full Market Value: £350,000
40% Share Price: £140,000 (rent £456.05pcm)
Minimum 5% Mortgage Deposit (40% share): £7,000
Approximate Service Charges: £25.86pcm*
Lease: 115 years remaining
Council Tax Band: C
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/£90,000.
• 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 £350,000 and a purchaser would not need to meet the eligibility criteria listed above.
