One bedroom apartment available on Maverick Properties site, Westminster Mews. Available to buy from 25% share.
The price advertised represent the full market value of this Shared Ownership* home. You can initially purchase shares from 25% to 75% on the Westminster Mews development.
Situated in the area of Padworth with great transport links. This select development is located just off the A4 Bath Road between Reading and Newbury, a short drive from junction12 of the M4. Transport links are London Paddington station accessible in less than 40 minutes from Aldermaston railway station.
Just 8 miles from Reading town centre, Westminster Mews can be found a stoneâ€™s throw from The Kennet & Avon Canal providing the perfect opportunity for country walks or a visit to the local pubs, The Butt Inn and The Spring Inn. Westminster Mews offers the opportunity for shoppers to indulge with all the biggest high street brands. Restaurants, bars, cinemas, live music, comedy and a host of other activities.
This one bedroom apartment which offers open plan kitchen/ living area with Juliet Balcony, large double bedroom with plenty of natural light, tiled bathroom and entrance hallway.
Pricing and affordability
The share options below and based on the full market value of £190,000
25% £47,500- Rent £326.5 pcm
40% £76,000 â€“ Rent £261 pcm
50% £95,000 â€“ Rent £218 pcm
75% £142,500 â€“ Rent £109 pcm
Plus, you will pay a service charge of approximately £1200 per annum.
The Shared Ownership scheme is a Part Buy, Part Rent way of owning your own home for a smaller up-front payment. With Shared Ownership, you buy a share of your home using a mortgage from a bank or building society and pay a subsidised rent on the share you did not purchase. The combined mortgage and rent is usually less than youâ€™d expect to pay if you bought a similar property outright. At Westminster Mews, you can buy a minimum 40% share of your home (the maximum you can buy initially is 75%). When youâ€™re ready, you can buy more shares until you staircase to owning 100% of your home.