Shared Ownership
This superb modern home is available to buy from as little as £106,000 with a 40% share!
Situated at the end of a quiet cul-de-sac, this light and spacious top floor two-bedroom maisonette offers modern open-plan living in a highly convenient location. Accessed via its own private entrance, the property features a bright open-plan kitchen and living room, two generous double bedrooms – including an exceptionally spacious principal bedroom – and a contemporary bathroom. Enjoying attractive views towards mature trees from both the living room and main bedroom, the property is bathed in beautiful afternoon light. The maisonette also benefits from one allocated parking space, additional visitor parking and approximately 120 years remaining on the lease.
Ideally located in Thatcham, the property is within easy reach of a range of local shops, supermarkets, cafés, restaurants and leisure facilities, while nearby Newbury offers an even wider selection of retail, dining and entertainment options. The surrounding Berkshire countryside also provides an abundance of scenic walks and green spaces to enjoy.
For commuters, Thatcham railway station is less than a five-minute walk away, offering direct services to Reading, Newbury, London Paddington and the West Country. The nearby A4 and M4 also provide excellent road links, making this an ideal location for those travelling across the region.
PRICING & AFFORDABILITY
Full Market Value: £265,000
40% Share Price: £421.97 (rent £pcm)
Minimum 5% Mortgage Deposit (40% share): £5,300
Approximate Service Charges: £43.84pcm*
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.
