Sterling Square
Silver Street, Readingnew home
Shared ownership
Live from space album cover

Sterling Square is a superb development of brand new apartments, situated in the heart of Reading and just a few minutes’ walk from The Oracle shopping centre. The mainline train station is just...

from

£346,500

2 bedroom

Register interest

from £138,600 with min. deposit £6,930

£346,500

2 bedroom Flat

£346,500

2 bedroom Flat

£349,000

2 bedroom Flat

Availability

For sale

For sale

For sale

Minimum share

40%

40%

40%

Full market price

£346,500

£346,500

£349,000

Deposit from

£6,930

£6,930

£6,980

Monthly service charge

£140

£140

£140

Bedrooms

2

2

2

Bathrooms

1

1

1

Reception rooms

1

1

1

Number of floors

1

1

1

Tenure

leasehold

leasehold

leasehold

Property features

Parking
Parking
Parking

EER Current

838281

EIR Current

848483
Overview

This brand new home is available to buy from as little as £138,600 with a 40% share!

Step inside the front entrance to Silver Street Apartments and you’re immediately taken by the welcoming lobby area, with its full height glazing creating a light, open space. Take the lift (or the stairs if you prefer) to your chosen apartment and take a look around a home with a warm, comfortable feeling that is perfectly suited for 21st Century urban living.

Located on the third floor, this brand new shared ownership home benefits from a superb open plan lounge/kitchen/diner with access to a private balcony, two bedrooms and bathroom. There is a lift within the block and the apartment also comes with 'right-to-park' parking.

PRICING & AFFORDABILITY

Approximate Size 61.31 sq m 
Full Market Value: £346,500

40% Share Price: £138,600 (rent £476.44pcm)
50% Share Price: £173,250 (rent £397.03pcm)
75% Share Price: £259,875 (rent £198.52pcm)

Minimum 5% Mortgage Deposit (40% share): £6,930

Approximate Service Charges: £139.67 pcm* 

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 you’d expect to pay if you bought a similar property outright. 

At Sterling Square you can buy a minimum 40% 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 household income does not exceed £80,000 (outside of London) and £90,000 (inside of London) 
• 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 have been taken from 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. We advise applicants to make their own investigations on future development in the area. We would suggest contacting the local authority for more information.

Leaders Romans Group are selling the homes on behalf of Sage Housing. Sage Housing is a Registered Provider committed to providing high quality affordable homes across England.

FAQs
Shared ownership is a government-backed scheme, designed to make stepping onto the property ladder more affordable. You buy a portion of a home normally with a mortgage and a deposit, and pay a low-cost rent on the rest.
Read more on the Shared Ownership FAQ
Help to Buy is an equity loan scheme to help you buy a new home. If you have a 5% deposit and can cover 75% of the value of the home with a mortgage (or 55% in London), the Government will lend you up to the remaining 20% (40% in London) in the form of an equity loan.
You can read more on the Help to Buy FAQ
The rules for shared ownership are different to a private purchase. In short, as long as you don’t currently own, or won’t own another property when you move in to a new home, you’re likely to qualify.
Read more about eligibility in the FAQ
Some properties require you to live or work in the local area in order to be eligible to buy them. By knowing the areas in which you live and work, we can make sure you see everything available to you
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