Help to Buy in Reading
Got your eye on Reading? There’s no fooling you. It may be famous for its notorious mud-soaked festival and disregarded as just another commuter town. But you need to look at the bigger picture - Reading is in fact a very investable city, thanks in no small part to the hotly anticipated opening of the Elizabeth Line.
Formerly known as Crossrail, this innovative high-speed railway will stretch more than 60 miles below the capital, connecting it as far east as Shenfield, all the way to Heathrow and Reading in the west. After having an eye-watering £14.8 billion ploughed into its development, it’s set to change the way many of us travel around the capital and its surrounds by slashing journey times, some by as much as 80%. So if you’re pondering the idea of buying in Reading, there’s never been a better time – house prices are set to soar once the Elizabeth Line finally fully opens in December 2019.
But it’s not just commuter news that’s creating a buzz. There are top restaurants and bars, great schools and, for those who don’t work in London, an exciting job market. Beyond city life, Reading is surrounded by captivating countryside. There’s the Chilterns and Berkshire Downs for hazy summer days and winter plods that wind up in cracking country pubs with flickering fireplaces and spot-on gastro fare. Then there’s the Thames Path, snaking along Berkshire’s waterways and dotted with pretty villages that are always worth lingering in. Elsewhere the Abbey is an atmospheric spot for picnics and open air theatre; View Island is a classic nature reserve that’s a top pick for adventure seekers; and a clutch of superb green spaces are perfect for letting off steam in.
New builds in Reading
You’ll be pleased to hear that many developments across the city are available through Help to Buy: in essence, you need just a 5% cash deposit and a 75% mortgage. The government will then loan you up to 20% of the cost of your new pad. There are dozens of properties designed to fit the bill for first-time buyers. Close to the centre, a development of two-, three-, four- and five-bedroom houses ticks the boxes. Location-wise, they’re close to the Abbey, art galleries and green spaces; and interior-wise, they’re bright and modern with plush details. Also on the market are apartments in a development on Southcote Lane, just a mile from the city centre. Think open-plan living area, instagrammable kitchens, sizeable storage, smart flooring and fitted wardrobes. Green Park Village, a new lakeside development, has been making waves on the property market with its spacious New England style homes with lashings of character. They’re design-conscious, superbly practical for 21st-century living and within a thriving community with excellent transport links and local facilities.
So what are you waiting for? There are dozens of properties for sale in Reading. Get in touch with Property Booking today to guide you through the process of Help to Buy Reading and you’ll be onto a winner.