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£161,000
This superb modern home is available to buy from as little as £161,000 with a 35% share!
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.
LOCAL AREA CONNECTION
Buyer must have a local area connection in order to be eligible. This can be by way of living and/or working in the local borough or having immediate family who are currently living in the borough for at least the last 3 years. Proof will be required of a local area connection.
*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.
A superb semi detached home with accommodation set over three floors and ideally situated close to local amenities and travel links. Offered for sale with no onward chain, the accommodation includes an entrance hall, cloakroom, kitchen, lounge/diner, three bedrooms and bathroom. Externally is an enclosed garden and allocated parking.
This property benefits from a fantastic position close to a wide range of local amenities. Residents can enjoy nearby supermarkets, cafés, and everyday conveniences, while larger retail and leisure options are easily accessible at the Oracle Shopping Centre in the town centre. The area is also well served by green spaces, including Prospect Park and the scenic banks of the River Kennet, offering pleasant walks and outdoor leisure opportunities.
Imperial Way is ideally located for commuters, with excellent transport links close by. Reading railway station provides direct services to London Paddington in under 30 minutes, as well as connections via the Elizabeth Line, making travel into central London simple and convenient. The property also offers easy access to the A33, M4 and wider motorway network, ideal for those travelling by car.
PRICING & AFFORDABILITY
Full Market Value: £460,000
35% Share Price: £161,000 (rent £753.42pcm)
Minimum 5% Mortgage Deposit (35% share): £8,050
Approximate Service Charges: £47.89pcm*
Lease: 118 years remaining
Sown Shared Ownership
