2 bed flat for sale

Abbey Gardens, Upper Woolhampton, Reading RG7

This superb modern home is available to buy from as little as £73,500 with a 30% share!

Abbey Gardens forms part of the historic Douai Abbey School, a Grade II listed building dating back to the 1800s and thoughtfully converted into residential homes in 2007. The development blends character and heritage with modern living, offering beautifully maintained communal grounds, including a private paddock for residents to enjoy.

Nestled in Upper Woolhampton, within an Area of Outstanding Natural Beauty, the location offers a perfect balance of peaceful countryside living and excellent connectivity. Mainline stations with direct services to London Paddington, as well as Junction 12 of the M4, are just a short seven-minute drive away. Both Reading and Newbury are easily accessible, while scenic walks can be enjoyed right from your doorstep.

Positioned on the ground floor, the apartment provides well-proportioned and thoughtfully arranged accommodation throughout. A spacious open-plan living and dining area flows seamlessly into a well-equipped kitchen, creating a welcoming and sociable living space.

There are two bedrooms, including a generous principal bedroom with built-in storage, alongside a modern family bathroom and two additional storage cupboards.

Externally, the property benefits from an allocated parking space, with residents also enjoying access to expansive communal grounds and a children’s play area-ideal for those seeking outdoor space in a tranquil setting.
Pricing & affordability


Full Market Value: £245,000

30% Share Price: £73,500 (rent £696.91 pcm)
Minimum 5% Mortgage Deposit (% share): £3675
Approximate Service Charges: £388.72 pcm*
Lease: 106 years
Eligibility


Shared Ownership gives first time buyers and those that do not currently own a home the opportunity to purchase a share in a new build or resales leasehold property. The purchaser pays a mortgage on the share they own and pays rent to a housing association on the remaining share. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright although this is not a guarantee.

To be eligible for shared ownership you would need to meet the following criteria:

• Your annual household income does not exceed £80,000/£90,000.
• 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.

*Service charges are estimated and may subject to change. Rent and service charges will be reviewed annually by your housing provider, usually on 1st April each year.

** This home can also be purchased outright (100% of the value) which is £245,000 and a purchaser would not need to meet the eligibility criteria listed above.