Summary - 10 Hackwood House, Kingman Way, NEWBURY RG14 7FZ
2 bed 1 bath Apartment
Affordable entry to Newbury living with balcony and parking for eligible buyers.
40% share price £100,000 (full market value £250,000)
Rent on remaining share approx £411.80 pcm
Estimated service charge c. £202.36 pcm (£2,428.32 pa)
Modern open-plan living with balcony, good natural light
No private garden; balcony only outdoor space
Lease c. 116–117 years remaining
Community heating—limited individual control over system
Local connection to West Berkshire required for purchase
This modern two-bedroom shared ownership apartment in Hackwood House offers an efficient, move-in-ready layout ideal for first-time buyers seeking affordable entry to the Newbury market. The open-plan living, dining and kitchen area opens onto a full-width balcony, providing good natural light and an outdoor seating area without a garden to maintain. The property is a second-floor flat within a purpose-built block, finished to contemporary standards with laminate flooring and integrated kitchen appliances.
Practical running costs and tenure details are important: the 40% share price is £100,000 (full value £250,000). Rent on the unsold share is quoted at £411.80 pcm and estimated service charges total about £202.36 pcm (annual service charge figure noted at £2,428.32). The lease has around 116–117 years remaining and the heating is provided via a community scheme, which may limit individual control over costs.
Location is a strength: Hackwood House sits close to Newbury town centre with supermarkets, shops and Newbury station nearby, plus easy access to the A34 and M4. Off-street residents’ parking, fast broadband and excellent mobile signal add everyday convenience. Note a local area connection to West Berkshire is required for eligibility to purchase under shared ownership.
This apartment suits someone prioritising low-maintenance modern accommodation and affordability over large private outdoor space. Buyers who want full ownership can purchase outright for £250,000, avoiding shared ownership eligibility rules and rent, but the shared route offers a lower deposit requirement and monthly outgoings for qualifying purchasers.
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