Shared Ownership
This superb modern home is available to buy from as little as £186,000 with a 40% share!
Situated within the sought-after Imperial Way development, this well-presented three-bedroom home offers spacious and versatile accommodation.
The ground floor comprises a welcoming entrance hall, a modern kitchen/dining room, a convenient cloakroom/WC, and a generously proportioned reception room filled with natural light, providing an excellent space for both relaxing and entertaining. The reception room opens onto a private enclosed rear garden, perfect for outdoor dining, children at play or simply enjoying the warmer months.
To the rear of the property is a secure gated parking area, providing two allocated off-road parking spaces for added convenience and peace of mind.
The first floor offers three well-proportioned bedrooms, including a spacious principal bedroom, together with a contemporary family bathroom, making the home well suited to modern family living.
Ideally positioned on the eastern side of Reading, the property enjoys excellent access to a wide range of local amenities. Nearby are supermarkets, convenience stores, cafés, restaurants and leisure facilities, while families will appreciate the selection of well-regarded schools within easy reach. Reading town centre is just a short drive away, offering extensive shopping at The Oracle, a vibrant choice of bars and restaurants, and a thriving business district.
The location is particularly attractive for commuters, with excellent transport links including easy access to the A329(M), M4 motorway (Junction 10), and Reading's mainline railway station, which provides fast services to London Paddington, the Elizabeth Line, and direct connections to destinations across the South East and beyond. There are also regular local bus services and nearby green spaces, making this an exceptionally convenient place to call home.
PRICING & AFFORDABILITY
Full Market Value: £460,000
40% Share Price: £186,000 (rent £718.43 pcm)
Minimum 5% Mortgage Deposit (40% share): £9,300
Approximate Service Charges: £58.27 pcm*
Lease: 117 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.
** This home can also be purchased outright (100% of the value) which is £465,000 and a purchaser would not need to meet the eligibility criteria listed above.
