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£140,000
This superb modern home is available to buy from as little as £140,000 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/£90,000.
• 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 £350,000 and a purchaser would not need to meet the eligibility criteria listed above.
Shared Ownership
This modern mid terrace home benefits from two allocated parking spaces at the front of the house and has accommodtion that features: entrance hall, downstairs WC, kitchen/breakfats room, living room, two bedrooms, bathroom and an enclosed rear garden.
Burghfield Common benefits from a range of local shops, pubs, schools, and leisure facilities, all within walking distance. The surrounding countryside offers scenic walks and outdoor activities, making it popular with families and those seeking a village lifestyle.
Excellent road access to the M4 (Junctions 11 & 12) and into Reading, Newbury and London. Reading station provides fast services to London Paddington and the Elizabeth Line, with regular local bus services connecting the village to nearby towns.
PRICING & AFFORDABILITY
Full Market Value: £350,000
40% Share Price: £140,000 (rent £456.05pcm)
Minimum 5% Mortgage Deposit (40% share): £7,000
Approximate Service Charges: £25.86pcm*
Lease: 115 years remaining
Sown Shared Ownership
