£86,000
1 bedroom flat for sale
Newbury, Berkshire
flat 
1 bedroom Property description
Shared Ownership
This superb modern home is available to buy from as little as £86,000 with a 40% share!
Located within this contemporary racecourse development in Newbury, is this well presented one bedroom apartment with a private balcony. The modern, open plan accommodation provides a fitted kitchen/living space, good size double bedroom and a bathroom. Outside there is an allocated parking space.
Selkirk House is just a short walk from Newbury town centre and its 50+ shops, restaurants & pubs, cafes and a cinema within the shopping centre. Newbury Racecourse railway station, offers frequent services to Reading, and via theElizabethLine into London Paddington in about 42 minutes.
Nearby Victoria Park offers green space, a boating lake, tennis courts, skatepark, a bandstand, and bowls club—ideal for weekend leisure time. Nearby attractions include the Watermill Theatre, The Living Rainforest, and several golf clubs such as Newbury & Crookham GC just a few miles away
PRICING & AFFORDABILITY
Full Market Value: £215,000
40% Share Price: £86,000 (rent £366.58 pcm)
Minimum 5% Mortgage Deposit (40% share): £4,300
Approximate Service Charges: £172.89 pcm*
Lease: 92 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.
* This home can also be purchased outright (100% of the value) which is £215,000 and a purchaser would not need to meet the eligibility criteria listed above.
This superb modern home is available to buy from as little as £86,000 with a 40% share!
Located within this contemporary racecourse development in Newbury, is this well presented one bedroom apartment with a private balcony. The modern, open plan accommodation provides a fitted kitchen/living space, good size double bedroom and a bathroom. Outside there is an allocated parking space.
Selkirk House is just a short walk from Newbury town centre and its 50+ shops, restaurants & pubs, cafes and a cinema within the shopping centre. Newbury Racecourse railway station, offers frequent services to Reading, and via theElizabethLine into London Paddington in about 42 minutes.
Nearby Victoria Park offers green space, a boating lake, tennis courts, skatepark, a bandstand, and bowls club—ideal for weekend leisure time. Nearby attractions include the Watermill Theatre, The Living Rainforest, and several golf clubs such as Newbury & Crookham GC just a few miles away
PRICING & AFFORDABILITY
Full Market Value: £215,000
40% Share Price: £86,000 (rent £366.58 pcm)
Minimum 5% Mortgage Deposit (40% share): £4,300
Approximate Service Charges: £172.89 pcm*
Lease: 92 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.
* This home can also be purchased outright (100% of the value) which is £215,000 and a purchaser would not need to meet the eligibility criteria listed above.
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Over a month agoEnergy Performance Certificate
Newbury, Berkshire
Marketed by
SOWN - National Crowthorne House, Nine Mile Ride Wokingham RG40 3GZCall agent on 023 8221 9179
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Monthly repayment
The Est. Mortgage is for a 25 years repayment mortgage based on a 10% deposit and a 5.5% annual interest. It is only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
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