Shared Ownership
This superb modern home is available to buy from as little as £160,000 with a 40% share!
This attractive semi detached home offers bright, well-planned accommodation ideal for modern family living. The ground floor features a living room, kitchen/breakfast room and a cloakroom. Upstairs are three bedrooms and a family bathroom. Externally is off road parking and an enclosed rear garden.
Great Crescent is well positioned for everyday convenience. Nearby you’ll find local shops, supermarkets, cafés, and takeaway options, along with schools and nurseries within easy reach; making this an excellent choice for families. Parks, leisure facilities and walking routes are also close by, offering plenty of options for recreation and outdoor activities.
The property enjoys good transport links. Road connections provide easy access to surrounding towns and key routes, making commuting straightforward. Nearby bus services connect to local shopping and employment centres, while rail links from Newbury station offer direct services to Reading and London Paddington. This makes the location practical for both local travel and longer distance commuting.
PRICING & AFFORDABILITY
Full Market Value: £400,000
40% Share Price: £160,000 (rent £596.10pcm)
Minimum 5% Mortgage Deposit (40% share): £8,000
Approximate Service Charges: £31.76pcm*
Shared Ownership Lease: 119 years remaining
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.
