Leopard Lane, Purley on Thames, Reading
- PROPERTY TYPE
Semi-Detached
- BEDROOMS
3
- BATHROOMS
2
- SIZE
Ask agent
Key features
- Brand new Shared Ownership home
- Open plan lounge/diner
- Parking
- En suite
- Superb Shanly Homes development
- Garden
Description
This brand new home is available to buy from as little as £159,000 with a 30% share!
Magna Gardens offers an enviable quality of life in this sought-after riverside village. Family-friendly facilities, stunning countryside on your doorstep and a welcoming community make Purley on Thames an idyllic location. Enjoy the excellent travel links to London and beyond or explore the neighbouring North Wessex Downs, an Area of Outstanding Natural Beauty.
The charming and quaint riverside village of Pangbourne is less than 2 miles away and offers plenty of character, with individual shops, a selection of award winning restaurants, pubs and café’s.
The bustling university town of Reading is less than 5 miles from Magna Gardens. Here you’ll find a theatre, cinemas and a host of entertainment and sports options. The town’s Oracle shopping centre is home to big name stores and independent shops. Located just over 5 miles from Reading train station, offering fast trains to Paddington in just 23 minutes, the Elizabeth line service into the City, and direct trains to the West Country. The wider motorway network is easily accessed via the M4.
The living/dining room, with its attractive French doors leading out to the garden, is the heart of this
family home. There is a separate kitchen/breakfast room. On the first floor, two of the three bedrooms are doubles with built in wardrobes and bedroom one has its own en-suite shower room. Bedroom three could easily be used as a study should you need a separate space to work from home.
PRICING & AFFORDABILITY
Approximate Size 1,128 sq ft
Full Market Value: £530,000
30% Share Price: £159,000 (rent £850.21pcm)
50% Share Price: £265,000 (rent £607.29pcm)
75% Share Price: £397,500 (rent £303.65pcm)
Minimum 5% Mortgage Deposit (30% share): £7,950
Approximate Service Charges: £49.12pcm*
Council Tax Band: TBC
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.
At Magna Gardens you can buy a minimum 30% share of your home (the maximum you can buy initially is 75%). When you’re ready, you can buy more shares until you staircase to owning 100% of your home.
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.
Please note the minimum share you can purchase can vary depending on your financial situation and you may be asked to purchase a larger share, should your personal circumstances permit.
*Service charges are estimated and may subject to change.
**These photos are for information purposes only and may not represent a true likeness for the units being sold. They may have been taken from earlier phases or similar developments/house types and digitally furnished to represent how the home could be laid out; the final colours/appearance/specification may differ from the images and are not plot specific. We advise applicants to make their own investigations on future development in the area. We would suggest contacting the local authority for more information.
- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
- Band: TBC
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Yes
- GARDENA property has access to an outdoor space, which could be private or shared.
- Yes
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ask agent
Energy performance certificate - ask agent
Leopard Lane, Purley on Thames, Reading
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Tilehurst Station1.5 miles
- Pangbourne Station1.3 miles
- Reading West Station3.5 miles
About the agent
We believe that shared ownership is the future of getting on the property ladder. And we're here to help you secure the right home for your needs - at your own pace.
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 owner
Notes
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Visit our security centre to find out moreDisclaimer - Property reference SDO240159. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by SOWN, Nationwide. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited. **This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.
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