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£88,000
This superb modern home is available to buy from as little as £88,000 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 £220,000 and a purchaser would not need to meet the eligibility criteria listed above.
This superb modern home is available to buy from as little as £88,000 with a 40% share
A fantastic opportunity to purchase this well-presented one-bedroom apartment, ideally situated in a popular residential area of Newbury. Offering bright and modern accommodation throughout.
The apartment features a spacious open-plan living and kitchen area, creating a sociable and contemporary space ideal for both relaxing and entertaining. The kitchen is well-appointed with ample storage and workspace, while large windows allow for plenty of natural light.
The bedroom is a well-proportioned double, providing a comfortable retreat, and is complemented by a modern bathroom finished to a good standard. A private balcony offers the perfect spot to enjoy some outdoor space.
Externally, the property benefits from resident parking, adding further convenience.
The property is well located for easy access to Newbury town centre, which offers a wide range of shops, cafés, restaurants and everyday amenities, including the popular Parkway Shopping Centre. For commuters, Newbury railway station provides direct rail links to Reading and London Paddington, while the A34 and M4 are also within easy reach.
This is a great opportunity to secure a modern apartment in a convenient and well-connected location.
PRICING & AFFORDABILITY
Full Market Value: £220,000
40% Share Price: £88,000 (rent £359.72pcm)
Minimum 5% Mortgage Deposit (40% share): £4,400
Approximate Service Charges: £200.82pcm*
Lease: 116 years
Sown Shared Ownership
