Share Price £91,000 (from 50% Min. Share)

Full Value £182,000 | £4,550 Min. Deposit

Scheme: Shared Ownership Resales

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2 bedroom apartment in Newbury - West Berkshire

place Lamtarra Way, RG14 7WB

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Situated in a quiet area, boasting views overlooking Newbury. Located close to all local amenities, local walks in the surrounding woodland, with Newbury train station and racecourse close by.


Description

***Please quote LAM157 when enquiring.***

- Introduction -

Situated in a quiet area, the apartment boasts views overlooking Newbury. Ideally located close to all local amenities, local walks in the surrounding woodland and Greenham common, with Newbury train station and racecourse also just a stone’s throw away.

- What the owner says -

The flat is based on the top floor, with no one else above making you feel very safe. The flat boasts incredible views and on a clear day you can see as far as Donnington Castle. It has a shared garden area for summertime BBQ’s and is close to all local amenities.

- Full description –

Shared ownership is a government backed scheme that can be a stepping stone to completely owning your own home. If you’re finding it difficult to save for a deposit this is a great option.

A well presented, neutrally decorated two bedroom second floor apartment with storage space.

Telephone entry system.

Living room with views overlooking the nearby woodland area.

Kitchen has contrasting worktop and units, electric cooker and hob with integrated overhead extractor and white tile splash back.

Master double bedroom boasts views overlooking newbury.

Second single bedroom with ample room for storage.

Family bathroom has a bath with overhead shower, WC and hand basin.

Carpets fitted throughout the living room, bedrooms and corridoor.

Central heating.

Communal gardens.

Allocated off street parking.

- Costs –

PRICE - £91000*

RENT - £356.02pm

SERVICE CHARGE - £107.96**

*This represents a 50% share of the full open market value of £182000

**This includes: sinking fund, management charge, insurance charge, service charge. Rent and service charges are reviewed annually.

- General Information -

Tenure: Leasehold

Lease: 99 years from 4 May 2007

Years remaining on lease: 85 approx.

Approximate internal area: 55 sq. m.

Local authority: West Berkshire Council

Council tax band: C

EPC rating: C (77)

- Terms, conditions and requirements -

Minimum household income requirement: 27505.26^

^If your deposit is more than 5%, the minimum income requirements may be less. Please contact us for further details.

Application process: A financial assessment must be completed before any physical viewing can take place. This forms part of Home Group’s buyer approval process. These assessments are carried out remotely by The Mortgage People. Once you have confirmed an interest in purchasing a property, the contact details will be made available.

We will not carry out any credit checks or contact any reference agencies without your written consent.

Help to Buy Agent: In order to apply you must be registered with Help to Buy South https://www.helptobuyagent2.org.uk/apply-online. You will need to provide your HTB reference when completing the application process.

Current homeowners: Anyone who currently owns a home must have a sale agreed to apply.


- Viewings -

In addition to the financial assessment, a virtual tour is required before any physical viewing can take place.

Virtual and physical viewings are held strictly by appointment - call today for more information.

Only those who have physically viewed the property are able to apply. If you have viewed and would like to apply please register your interest with the Resales Team.


Key Features

  • *£91000 for a 50% share* available under the Shared Ownership scheme
  • Telephone entry system for peace of mind
  • Well maintained communal garden
  • Allocated off street parking
  • Surrounded by preservation woodlands walks
  • Close to all local amenities, including Newbury Station
  • Easy access to the M4 motorway
  • You can purchase more shares up to 100% when the time is right for you

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Calculate Monthly Cost

Share price
£ 91,000
Min. £91,000
Share percentage
Min. 50%
Your deposit
Min. £4,550
Monthly cost*
£917
Cost breakdown
£356
Rent
£108
Service charge
£453
Mortgage*
Calculated using a representative rate of 3.94%
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Disclaimer

The information displayed about this property comprises a property advertisement. Share to Buy ltd makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Share to Buy has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by the sponsoring housing association. Please contact the housing association or estate agent directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007.

The ‘Estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together:

  • Rent: this is charged on the share you do not own and is usually payable to a housing association (rent is not generally payable on shared equity schemes)
  • Service Charge: covers maintenance costs for the property as a whole and communal areas
  • Mortgage: Share to Buy ltd are specialist Shared Ownership mortgage brokers and we use a database of daily updated mortgage rates to work out the lowest rate available for the deposit amount shown, and then generate an estimated monthly payment on a 25 year capital repayment basis.


NB: this mortgage estimate is not confirmation that you can obtain a mortgage and you will also need to satisfy the requirements of the relevant mortgage lender. Nor is this a guarantee that in practice you would be able to apply for such a rate, and nor is this a recommendation that the rate used would be the best product for you.