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£100,000
This superb modern home is available to buy from as little as £100,000 with a 40% share!
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 £250,000 and a purchaser would not need to meet the eligibility criteria listed above.
This spacious two-bedroom second-floor apartment at Hackwood House, Kingman Way, Newbury, features a bright and airy open-plan kitchen, living, and dining area, with French doors opening onto a generous balcony. The modern kitchen is fitted with stylish units and appliances, while both bedrooms benefit from ample natural light and are complemented by a contemporary family bathroom.
N.B A local area connection to West Berkshire is required to be able to proceed with the purchase of this property.
Situated in a convenient location, the apartment is close to Newbury town centre, where a variety of shops, boutiques, cafes, and restaurants are within easy reach. Supermarkets and local stores cater to everyday needs, and nearby parks, green spaces, and leisure facilities provide opportunities for outdoor activities and recreation.
Excellent transport links, including Newbury train station and major road connections via the A34 and M4, ensure easy access to surrounding areas.
With its practical layout, spacious living areas, and balcony, this property offers a comfortable and modern living space in a well-connected and amenity-rich location.
PRICING & AFFORDABILITY
Full Market Value: £250,000
40% Share Price: £100,000 (rent £411.80pcm)
Minimum 5% Mortgage Deposit (40% share): £5000
Approximate Service Charges: £202.36pcm*
Lease: 117 years
You can add locations as 'My Places' and save them to your account. These are locations you wish to commute to and from, and you can specify the maximum time of the commute and by which transport method.
Sown Shared Ownership