Total views: 2008
Floorplan
MapShared ownership
£76,0001 bedroom apartment for sale
Gilbert Close, Padworth, Reading
Apartment
1 bed
1 bath
EPC rating: C
Key information
Tenure: Leasehold | unconfirmed share | 120 yrs left
Service charge: £1,688.16 per annum
Council tax: Ask agent
Broadband: Super-fast 47Mbps *
Mobile signal:
EEO2ThreeVodafone
Features and description
- Modern shared ownership home
- Second floor apartment
- Large double bedroom
- Open plan kitchen/dining/living space
- Modern bathroom
- Allocated parking
- Lovely views
- Village location
Shared Ownership
This superb modern home is available to buy from as little as £76,000 with a 40% share!
A second floor apartment with spectacular views on the second floor of this modern development built in 2019. The property is beautifully presented throughout and provides bright and spacious accommodation comprising a large open plan kitchen/dining/living space, contemporary bathroom and an enormous double bedroom. Outside, there is allocated parking and this property benefits from a 120 year lease.
Padworth is a village is located close to Reading, Thatcham and Aldermaston where you’ll find a variety of amenities and services. Padworth is close to the A4 Bath Road and there are bus services via Thatcham Connect to neighbouring towns. The closest train station is approximately 1.5 miles away in Aldermaston offering services to Reading in under 15 minutes.
PRICING & AFFORDABILITY
Full Market Value: £190,000
40% Share Price: £76,000 (rent £359.46 pcm)
Minimum 5% Mortgage Deposit (40% share): £3,800
Approximate Service Charges: £140.68 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.
* This home can also be purchased outright (100% of the value) which is £190,000 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 £76,000 with a 40% share!
A second floor apartment with spectacular views on the second floor of this modern development built in 2019. The property is beautifully presented throughout and provides bright and spacious accommodation comprising a large open plan kitchen/dining/living space, contemporary bathroom and an enormous double bedroom. Outside, there is allocated parking and this property benefits from a 120 year lease.
Padworth is a village is located close to Reading, Thatcham and Aldermaston where you’ll find a variety of amenities and services. Padworth is close to the A4 Bath Road and there are bus services via Thatcham Connect to neighbouring towns. The closest train station is approximately 1.5 miles away in Aldermaston offering services to Reading in under 15 minutes.
PRICING & AFFORDABILITY
Full Market Value: £190,000
40% Share Price: £76,000 (rent £359.46 pcm)
Minimum 5% Mortgage Deposit (40% share): £3,800
Approximate Service Charges: £140.68 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.
* This home can also be purchased outright (100% of the value) which is £190,000 and a purchaser would not need to meet the eligibility criteria listed above.
About this agent
Evolved from Leaders Romans Group in 2018, SOWN is a dedicated shared ownership brand. We provide a full sales and marketing service on behalf of Housing Associations across the UK, for both new-build and re-sale shared ownership homes. Our specialist team focuses exclusively on shared ownership, which allows us to give the shared ownership market the attention it deserves. We're currently operating out of hubs in Wokingham, London and Nottingham. At SOWN, we take care of everything. As part of the 40-year-strong Leaders Romans Group, we offer a comprehensive range of property services for landlords, buyers, sellers, property developers and Housing Associations. Whether it's residential sales and auctions, mortgages and financial advice, build to rent, new homes, surveys, lettings, or planning and architecture; our experts will guide you every step of the way. Our formula for getting shared ownership right is setting up dedicated and highly experienced teams for every stage of the process. Our Pre-sales team handles all enquiries, which are then passed onto the Move Managers (sales progressors). We can also provide buyers with access to surveyors, legal services and our specialist mortgage advisor, Mortgage Scout, for support and up-to-the-minute advice. Ready to start your shared ownership journey? To find out how SOWN can help you find your dream home, contact us today.