2 bedroom apartment for sale
Available
Flat 7, Wormestall Grange, RG14 6EF
£100,000 · Shared Ownership Resale

Share percentage 40%, full price £250,000, £5,000 Min Deposit.

Available
2 bedrooms
£100,000 Shared Ownership Resale · Eligibility Eligibility

Share percentage 40%, full price £250,000, £5,000 Min Deposit.

Monthly Cost: £1,030
Rent £380, Service charge £152, Mortgage £498*

Calculated using a representative rate of 3.94%

Calculate estimated monthly costs

£
Eligibility

You may be eligible for this property if:

  • You have a gross household income of no more than £90,000 per annum.
  • You are unable to purchase a suitable home to meet your housing needs on the open market.
  • You do not already own a home or you will have sold your current home before you purchase or rent.
Summary

Two bedroom flat in Newbury

Description

Offered for sale is this charming two bedroom, first floor flat in a popular development in Newbury.

The property briefly comprises of an entrance hall with ample storage, large open plan living/dining room into the kitchen with integrated fridge/freezer, oven, washing machine, hob and extractor fan. There are two good sized bedrooms and a modern bathroom with newly fitted flooring.

Externally there is an allocated off road parking space, communal gardens and secure bike storage.

The property is conveniently located for the train station and the town centre with is array of restaurants, shops and local amenities.

The building includes a secure entry system and well maintained communal areas.

Please note the price reflects a 40% share in the property (full market value £250,000)

Service charge is £152.09pcm
Ground rent is £20.83pcm
Monthly rent on unowned share is £379.81

Key Features
  • Local connection to West Berkshire required
  • Two bedrooms
  • Lease remaining 117 years
  • Allocated parking
  • Communal garden with bike storage
  • First floor
  • Walking distance to town centre & train station
  • 19th century grammar school conversion
Property Downloads
Energy Certificate
Map
Hook (17.87 miles) Amersham (36.75 miles) Chesham (37.75 miles)
Monthly Cost Calculator

The ‘Estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together, rent, service charge and mortgage.

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  • 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.

£100,000
Shared Ownership Resale
Estimated Monthly Cost:£1,030
Rent £380
Service Charge £152
Mortgage £498

Share percentage 40%, full price £250,000, £5,000 Min Deposit. Calculated using a representative rate of 3.94%


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.