Abri Homes recently unveiled their new onsite marketing suite and show home, which is available via appointment for aspiring owners to find out more about the collection of 83 properties on offer.
The one, two, three- and four-bedroom homes available at Emmer Green Drive, Caversham, will allow buyers to step on to the property ladder from just £164,000, based on a 40% share (other shares available). Requiring a 5% deposit of £8,200 with monthly payments of £1,653 (including £1,052 mortgage payments, £563.75 rent and an estimated monthly service charge of £37.44*).
Only a ten-minute drive from Reading train station, buyers will be a 30-minute tube journey from London Paddington, without having to compromise on green space on their doorstep. Chazey Heath recreation grounds are just over three miles away, and water sport activities and trails are a nine-minute drive away at Caversham Lakes.
New residents at Emmer Green Drive will also benefit from generous private garden space, and allocated parking, with garages available on selected plots.
Stuart Hensby, Sales and Marketing Director at Abri said: “As rental prices in Reading rise at a rapid rate, aspiring buyers are finding it harder than ever to balance monthly costs while saving for a home of their own. This latest phase launch of Shared Ownership homes at Emmer Green Drive are providing an accessible way to make those all-important first steps on to the property ladder, without the overwhelming financial barriers.
“Located on the outskirts of the town centre, these homes give buyers the chance to stay in a place they love on a long-term basis, with the option to staircase their way to full ownership.”
Caversham is a charming village nestled along the banks of the Thames, home to a thriving local community. The area boasts a selection of independent shops, cafes, pubs and restaurants, including The White Horse pub, just a four-minute walk from the homes at Emmer Green Drive, as well as a regular artisan and farmer’s market.
For families, there is also Monkey Moos Highdown Pre-School, Emmer Green Primary School, and Highdown Secondary School & Sixth Form College all within walking distance from Emmer Green Drive.
Shared Ownership is a scheme designed to help aspiring homeowners by enabling them to purchase between a 10% to 75% share of a property, while paying a reduced rent to Abri on the remaining amount.
Abri Homes’ two, three and four bedroom Shared Ownership homes at Emmer Green Drive are now available to purchase, with the show home now open to prospective buyers. For more information about Abri Homes, or to book your viewing, email sosales@abri.co.uk or call 0800 145 6663.
*Other shares available. Based on a 95%, 30 year mortgage with an interest rate of 5.5%. Service charge is subject to an annual review.