£94,000 /Sale price

Shared OwnershipThis superb modern home is available to buy from as little as £94,000 with a 40% share!Situated within the sought-after Thurlow Grange development in Newbury, this well-presented second-floor apartment offers bright, well-balanced accommodation with the added benefit of a private balcony.The property is thoughtfully arranged around a central hallway, creating a natural separation between living and sleeping areas. The generous reception room provides an inviting space for both relaxation and entertaining, with direct access to the balcony—ideal for enjoying a morning coffee or unwinding at the end of the day. The adjoining kitchen is neatly configured and well-proportioned, offering ample workspace and storage.There are two comfortable bedrooms, including a spacious principal bedroom and a versatile second bedroom that would suit guests, a home office, or additional living space. A well-appointed bathroom and additional storage complete the internal accommodation. This property will be sold with an extended lease and there is the added benefit of an allocated parking space. Thurlow Grange is well positioned on the northern side of Newbury, offering convenient access to the town centre’s comprehensive range of shops, restaurants, cafes and leisure facilities, including Parkway Shopping and the nearby racecourse. The area benefits from pleasant green spaces and riverside walks, while everyday amenities are within easy reach. Newbury railway station provides direct services to Reading and London Paddington, and the A34 and M4 are readily accessible, making the location ideal for commuters.PRICING & AFFORDABILITYFull Market Value: £235,00040% Share Price: £94,000 (rent £558.80 pcm)Minimum 5% Mortgage Deposit (40% share): £4,700Approximate Service Charges: £124.35 pcm* Lease: 79 year lease (will be extended by 90 years on completion)ELIGIBILITYShared 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 £235,000 and a purchaser would not need to meet the eligibility criteria listed above.