TENURE: To be advised
Three bedroom semi detached house available to purchase from a 25% share at 100,000 with a deposit of 5,000. Full market value 400,000. You are able to buy this wonderfull shared ownership property off plan with completion due from the middle of September 2020 onwards
Plot 854 is a 3 bedroom Townhouse full of natural light designed for flexible living.
Downstairs there is a spacious open plan kitchen/breakfast room leading into a lounge/dining room with double doors leading to the garden. There is also a guest cloakroom on this floor.
Upstairs is a spacious double bedroom, family bathroom and a further bedroom. Another staircase leads to the second floor where there is a master suite featuring high galleried ceilings and a an en-suite shower room..
The property comes with two private parking spaces.
WHAT IS SHARED OWNERSHIP? If you can't afford the mortgage on 100% of a home, Shared Ownership offers you the chance to buy a share of your home (between 25% and 75%) and pay rent on the remaining share. Later on, you could buy bigger shares when you can afford to and, if you chose, own the property outright. Monthly costs to purchase via Shared Ownership are generally less than purchasing outright or renting, making it a fantastic option to get onto the housing ladder.
Purchase price 400,000.
Purchase a 60% share = 240,000 funded through a combination of deposit and mortgage.
Remaining 40% share from Places for People = 160,000 x 2.75% rent (varies) = 366.67 per month.
Please note: 75% is the maximum share price which you can initially purchase. There is an option to staircase the purchase over the next following years so you can own 100%.
The property is situated on a new homes development in the tranquil village of Three Mile Cross but still offers a number of good local schools and facilities for families, as well as plenty of shops, restaurants and public houses.
Reading's Metro Centre is just five miles away for a wider selection of shops and Deer Leap Park also offers easy access to the M4 - Heathrow can be reached in 30 minutes and fast rail links to London with Crossrail due to open in the near future.
Please Note That Due To The Build Stage No Internal Or External Viewings Can Take Place As Access To The Building Site Is Prohibited, This Is A Shared Ownership Off Plan Sale.
Please note that the Completion timeframe of middle September 2020 is purly as guidance only and is subject to change.
Please Note This Property Is Not A Taylor Wimpey Property And As Such Taylor Wimpey Will Not Be Able To Assist - Any And All Enquiries Must Be Made Via Gascoigne-Pees Tadley