Share Price £82,500 (from 50% Min. Share)

Full Value £165,000 | £8,250 Min. Deposit

Scheme: Shared Ownership Resales

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1 bedroom apartment in Newbury - West Berkshire

place Greenham Mill, Mill Lane, RG14 5QW

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One Housing Group

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1 Bedroom Flat


Eligibility

Eligibility Criteria

· Household income must not exceed £80,000 (outside of London) or £90,000 (in London)

· Must pass the One Housing financial assessment (done after receiving the application, which can only be submitted after viewing the property)

· No cash buyers

· No pets

· Applicants must be able to afford their purchase, and sustain their housing costs

· Applicants are primarily expected to be first time buyers, though some applicants who own or have previously owned a home may be eligible, including existing shared owners

· Applicants must be unable to purchase a property suitable to meet their needs on the open market

· Priority will be given to Armed Forces personnel (serving military personnel and former members of the British Armed Forces discharged in the last 2 years) and then on a first come first serve basis

Please be advised that if all applicants meet the criteria above the property will be offered on a first come first serve basis, this means that the first eligible applicant who submits an application will be nominated as the buyer.


Description

Shared ownership. A modern second floor apartment situated in the popular Greenham Mill development, very near to the centre of Newbury and just a few minutes walk from Northbrook Street and the railway station. Comprises hallway, sitting/dining room that overlooks the kennet & Avon canal, A good size double bedroom, bathroom with bath/shower, excellent storage in its boarded out loft space with lighting and ladder and allocated off road parking for 2 cars. Newbury itself offers a great variety of night life and entertainment ranging from several wine bars, restaurants, bistros, theatres including The Corn Exchange and Water Mill and a new cinema. Shopping in Newbury is also extensive with two department stores and several exclusive smaller clothing outlets. All other local amenities are within walking distance of the apartment. Newbury is the crossroads of southern England and is less than an hour away from London, Oxford and the South Coast. Located just 3 miles off junction 13 of the M4, Newbury has excellent road links to all parts of the country and trains run regularly to London Paddington in under an hour. Viewing highly recommended


Key Features

• Views overlooking the kennet & Avon canal

• Bathroom fitted with white suite, shower over bath

• New boiler fitted 2019

• Double glazing

• Allocated parking for 2 cars in Courtyard to the side of the property

• Door entry phone system

• Close to town centre

• Close to transport links in to London

• Duel aspect to the lounge

• Boarded loft space with lighting and ladder for easy access


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Calculate Monthly Cost

Share price
£ 82,500
Min. £82,500
Share percentage
Min. 50%
Your deposit
Min. £8,250
Monthly cost*
£711
Cost breakdown
£217
Rent
£138
Service charge
£356
Mortgage*
Calculated using a representative rate of 3.09%
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Location

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.

The ‘Estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together:

  • 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.