£111,125
(£151/sq. ft)
2 bed flat for saleKings Road, Newbury, Berkshire RG14
2 beds
1 bath
1 reception
734 sq. ft
EPC Rating: C
Added on
About this property
Shared Ownership
Viewing Advised
Incentives worth up to £5,000 available!**
shared ownership two bedroom apartment available to purchase at a 35% share of £111,125 with a minimum 5% mortgage deposit of £5,556.25. Call today to arrange your appointment to view!
Discover Sterling Gardens, an exceptional collection of contemporary apartments set within beautifully landscaped private gardens, offering a perfect balance of modern living and everyday convenience. Ideally located just moments from Newbury town centre, these thoughtfully designed homes also benefit from secure allocated parking*.
Each apartment has been carefully crafted to maximise natural light and space, creating stylish, welcoming interiors ideal for both relaxation and entertaining. Spacious open-plan living areas are enhanced by large windows that frame attractive views across the residents’ gardens, bringing the outside in.
At the heart of every home is a sleek Symphony kitchen, expertly designed with handleless cabinetry, Bosch integrated appliances and under-unit LED lighting. Combining practicality with contemporary style, these kitchens are perfectly suited to modern lifestyles.
The generously proportioned bedrooms offer a peaceful sanctuary, with the principal bedroom featuring fitted mirrored wardrobes for added elegance and storage. Stylish bathrooms are finished to a high specification, complete with contemporary tiling, chrome fittings and heated towel rails, creating a luxurious spa-inspired feel.
Newbury is one of Berkshire’s most desirable market towns, combining historic character with a vibrant modern atmosphere. Residents can enjoy an excellent selection of independent boutiques, high street retailers, cafés, bars and restaurants, alongside regular farmers’ and artisan markets that bring the community to life.
Surrounded by the breathtaking North Wessex Downs Area of Outstanding Natural Beauty, Sterling Gardens is perfectly placed for those who enjoy an active outdoor lifestyle, with scenic countryside walks, cycling routes and open green spaces all close by.
For commuters, Sterling Gardens offers outstanding connectivity. Newbury and Newbury Racecourse railway stations are within easy reach, providing direct services to London Paddington in around 40 minutes. Excellent road links also connect residents to Reading, Oxford, Swindon and Basingstoke, while several major airports are conveniently accessible.
With a limited collection of apartments available, now is the perfect time to secure your place at Sterling Gardens. Book your appointment today and experience first-hand the quality, style and convenience of this sought-after Newbury development.
Financial Breakdown
Full market value: £317,500
35% share value: £111,125
5% deposit: £5,556.25
Monthly rent on un-owned share: £472.94
The Shared Ownership scheme is a Part Buy, Part Rent way of owning your own home for a smaller upfront 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 you’d expect to pay if you bought a similar property outright. When you’re ready, you can buy more shares until you staircase to owning 100% of your home.
In order to qualify for the shared ownership scheme the household income must be less than £80,000 a year and you can’t own another property (unless Sold Subject to Contract).
Please note, as a Shared Ownership purchase there are likely to be additional legal fees during the conveyancing process, your solicitor can advise you of these.
Disclaimers
o Rent on the unsold share is charged at 2.75% for the first year. For exact costings, please speak to an independent financial or mortgage advisor.
O Deposits start from 5% of your chosen share value, illustrated deposit only and depends on lender and product availability.
O Share percentage advertised is an example. Typically shares from 10% to 75% are available depending on your affordability. Please speak to a member of team for more information
o Please note images used in this listing are for illustration purposes and are not exact to the property
o Properties are sold as seen
*The car parking is £30 annually
**Offer available at Sterling Gardens and on selected plots only. Incentive available up to 5% of the share value purchased and capped at a maximum of £5,000. Not available in conjunction with any other offer. Offer to be received upon legal completion and will be taken off the completion statement, no cashback alternative available. The developer has the right to withdraw this offer at any time. Please speak to the local Gascoigne-Pees estate agent selling this new home development for further information.
Agent Note
Please note that an aml fee is chargeable to the buyer once an offer is accepted to cover the cost of carrying out the required identity and anti-money laundering checks. Once these checks have been completed, the fee cannot be refunded, even if the property purchase does not go ahead.
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Tenure
Leasehold (999 years)
Service charge
£2,922 per year
Council tax band
C
Ground rent
Ground rent date of next review
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