Shared Ownership
This superb modern home is available to buy from as little as £170,000 with a 40% share!
Situated in the sought-after area of Calcot, this well-presented three-bedroom home offers spacious and practical accommodation arranged over two floors and the convenience of two allocated parking spaces at the front of the property.
The ground floor features a generous dual-purpose living and dining room extending to approximately 16'1", providing an excellent space for both everyday living and entertaining. The separate fitted kitchen offers ample worktop and storage space, while a downstairs cloakroom completes the ground-floor accommodation.
Upstairs, the property benefits from three well-proportioned bedrooms, including a spacious principal bedroom measuring approximately 16'1" in length. A modern family bathroom serves all three bedrooms, with additional storage available from the landing area.
To the rear of the property is a private and enclosed garden, ideal for outside entertaining and enjoying summer evenings.
The property enjoys a convenient position in the popular Calcot area, offering excellent access to a wide range of local amenities. Nearby residents benefit from the extensive Calcot retail parks, including Sainsbury's Superstore, IKEA, Boots, cafés and a variety of everyday shopping facilities. Families are well served by a selection of highly regarded primary and secondary schools, while healthcare services, leisure facilities and green open spaces are all within easy reach. The property is also ideally located for commuters, with regular bus services to Reading town centre, Theale and Tilehurst railway stations nearby, and Junction 12 of the M4 just a short drive away, providing excellent links to London, Heathrow, Newbury and the wider motorway network.
PRICING & AFFORDABILITY
Full Market Value: £425,000
40% Share Price: £170,000 (rent £691.47 pcm)
Minimum 5% Mortgage Deposit (% share): £8,500
Approximate Service Charges: £50.30 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 £425,000 and a purchaser would not need to meet the eligibility criteria listed above.
