Shared ownership is another way to buy your own home. You buy a percentage, and pay rent on the rest. The housing association owns part of it — but you’re living there, you decorate it, and you decide when to sell.

Buying a percentage means a smaller deposit and smaller mortgage. It’s a sooner first step on the ladder for lots of people. Usually, you can also carry on buying shares, to own it 100%.

Read more about Shared ownership (Opens in new window)

Norcot Road, 3 bed homes


Norcot Road, Reading, Reading, RG30 6AG

Shared ownership

Starting prices

50% share from
£132,500
Full price
£265,000
Minimum deposit
£6,625
Monthly rent
£233
Monthly service charge
£23

Overview

Key Features

3 bedroom
End terrace house
Double glazed windows
Good condition
Combi boiler
Transport links and close to local amenities
Garage
Enclosed garden
Available for 50% share
Full Description

A three bedroom end terrace located in Reading available through Shared Ownership Scheme

Available for £132,500 for 50% share based on the marketing figure of £265,000

SO Resi Monthly Payment - £232.58
Monthly Service Charge - £22.59

Total Monthly Charge - £255.17 PLUS MORTGAGE REQUIRED FOR 50% SHARE

Minimum income requirement - £40,558

Buy more shares for a minimum of 10%.

Property Details

Hallway:

Kitchen:
2.15m x 2.6m

Dining Room:
2.83m x 2.22m

Lounge:
3.99m x 4.47m

Bathroom:
3 piece suite with shower over bath

Bedroom 1:
Wardrobe

2.52m x 3.47m

Bedroom 2:
2.59m x 3.05m + 0.56m x 1.38m

Bedroom 3:
2.01m x 1.86m

Gross Internal Area: 63m²

External:
Enclosed rear garden with pathway to rear where garage is located
Garage

EPC Rating
Energy Rating Band - B
Environmental Impact Band - D

All room dimensions approximate.

Please note figures given for SO Resi monthly payment and service charge are correct at time of marketing. There is an annual increase that takes place. Please contact us for more information.


Local area information

Within established residential area with good access to facilities such as schools and transport links. 


Housing Provider

SO Resi
Shared ownership

Starting prices

50% share from
£132,500
Full price
£265,000
Minimum deposit
£6,625
Monthly rent
£233
Monthly service charge
£23