Shared Ownership
This superb modern home is available to buy from as little as £152,000 with a 40% share!
Pleasantly positioned within this popular development in Hermitage Village, is this well presented three-bedroom semi detached home. This property provides a front aspect kitchen, spacious living/dining room and downstairs WC. Upstairs there are three bedrooms and a family bathroom. To the front of the property there is one allocated parking space and at the rear is a private garden.
Hermitage Village provides every day amenities (post office, grocery store, primary school, GP surgery) and some popular local pubs and is a short drive to Thatcham where you’ll find a broader range of supermarkets and eateries. The closest train station is Newbury Racecourse, approximately just under 4 miles away. Bus links connect to Thatcham and Newbury, and nearby motorway access (M4, A34) along with rail stations at Newbury, Thatcham, and Theale offer good commuting options
Nature Discovery Centre is a lovely spot in Thatcham, with lake walks, café, shop, hides—great for wildlife watching.
PRICING & AFFORDABILITY
Full Market Value: £380,000
40% Share Price: £152,000 (rent £606.52 pcm)
Minimum 5% Mortgage Deposit (40% share): £7,600
Approximate Service Charges: £48.02 pcm*
Council Tax Band: D
Lease: 79
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 £380,000 and a purchaser would not need to meet the eligibility criteria listed above.
