SHARED OWNERSHIP HOMES LAUNCH ON OUTSKIRTS OF READING

Stuart Hensby, Sales and Marketing Director at Abri Homes, commented: “We understand how hard overcoming affordability hurdles can be for those hoping to purchase their first home, and saving for a deposit feels like a long way off for those having to juggle rental payments while adding to their savings pot.

“With private rents continuing to rise across Reading, Shared Ownership is providing an alternative route for home seekers that want to make a stable investment in their future, at an accessible price point.”

With a selection of two bedroom apartments, buyers can purchase homes at Herons Lake from £123,000, based on a 40% share of a two-bedroom apartment, (other shares available). Requiring a 5% deposit of £6,150, with monthly payments of £1,213.28 (including £663.46 mortgage payments, £422.81 rent and an estimated monthly service charge of £127.01*).

Shared Ownership is a scheme designed to help aspiring homeowners by enabling them to purchase a share of a property, while paying a reduced rent to Abri on the remaining amount. With Shared Ownership, buyers only need a mortgage for the portion of the home they wish to purchase, meaning the deposit is typically lower than if buying on the open market.

Herons Lake is an idyllic waterfront development situated in the lively village of Theale. Host to a range of events such as an outdoor cinema and community sports day in the summer, as well as an annual village fete and Christmas lights swich on, buyers will be just a 17-minute walk from the charming high street.

For family days out, Moor Copse Nature Reserve is just a five-minute drive away from the homes, while Reading town centre offers three separate shopping centres to choose from, as well as a regular Farmer’s Market and newly opened Blue Collar Corner, showcasing a range of local food traders based in the South East.

Theale is also home to several schools, including Theale Green School, Theale Day Nursery and Theale Primary School all within walking distance from Herons Lake, as well as Bradfield College a six-minute drive away, and the prestigious Reading University just a 19-minute drive from the homes.

Abri Homes’ two bedroom Shared Ownership apartments at Herons Lake are now available to purchase, with a further launch of two three-, and four-bedroom houses coming soon. For more information about Abri Homes, email sosales@abri.co.uk or call 0800 145 6663.

*Based on a 95%, 30 year mortgage with an interest rate of 5.5%. Service charge is subject to an annual review.