Carters Close, Reading, Berkshire

Shared Ownership

This brand new home is available to buy from as little as £63,750 with a 25% share!

Ideally positioned just moments from the heart of Reading, Carter's Court offers an exceptional collection of contemporary Shared Ownership homes, perfectly suited to first-time buyers and commuters alike. With only a limited number of homes now remaining, this is a fantastic opportunity to secure a stylish new home in one of Berkshire's most connected locations.

Situated on Caversham Road, the development is within a short walk of Reading town centre and Reading railway station, one of the UK's major transport hubs. From here, residents benefit from fast rail connections to London Paddington, the Elizabeth Line, Oxford, Bristol and beyond, making daily commuting and weekend adventures effortless. Excellent road links via the A329 and nearby M4 also provide easy access across the South East.

Everything you need is close at hand, with supermarkets, cafés, restaurants, gyms and The Oracle shopping centre all within easy reach. For those who enjoy spending time outdoors, the beautiful River Thames, Christchurch Meadows and nearby riverside walks provide the perfect escape from city life, while Reading's vibrant mix of culture, dining and entertainment ensures there's always something to enjoy.

With just a handful of Shared Ownership homes remaining, now is the perfect time to make Carter's Court your new home. Combining contemporary design, an outstanding location and excellent transport links, it offers a superb opportunity to step onto the property ladder in one of the Thames Valley's most desirable towns.

Situated on the ground floor, this beautifully designed apartment offers contemporary living with the added benefit of a private terrace. There is an open plan kitchen/living area with plenty of kitchen storage space, a double bedroom and a family bathroom.

PRICING & AFFORDABILITY

Full Market Value: £255,000

10% Share Price: £25,500 (rent £525.94pcm)
25% Share Price: £63,750 (rent £438.28pcm)
50% Share Price: £127,500 (rent £292.19pcm)
75% Share Price: £191,250 (rent £146.09pcm)

Minimum 5% Mortgage Deposit (25% share): £3,188
Approximate Service Charges: £115.11 pcm*
Shared Ownership Lease: 990 years
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 Carters Court you can buy a minimum 10% 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. Rent and service charges will be reviewed annually by your housing provider, usually on 1st April each year.

**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.

^ Abri Homes are selling their apartments with no onsite parking, they are required to inform you that there is no automatic entitlement to a car parking permit for any existing residential parking permit schemes and future schemes on adjacent and surrounding streets.