2 bed flat for sale

Glover Crescent, Arborfield Green, Reading RG2

Shared Ownership

This modern shared ownership home is available to buy from as little as £150,000 with a 50% share!

Set in an enviable location in a sought after development within Arborfield Green is this modern first-floor apartment which boasts two double bedrooms, two bathrooms (one en suite) and an open plan living accommodation that consists of a living/dining room which leads seamlessly on to a fitted kitchen, complete with integrated appliances a good range of base and eye level units.

The living accommodation is flooded with natural light created by the dual aspect windows and further benefits from double doors leading to a balcony.

Situated in a sought-after location with excellent transport links and amenities nearby, this property is sure to be of interest to a wide range of prospective purchasers.
Pricing & affordability


Full Market Value: £310,000

50% Share Price: £150,000 (rent £659.14pcm)
Minimum 5% Mortgage Deposit (50% share): £7,500
Approximate Service Charges: £32.10 pcm*
Lease: 120 years
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.