Summary - Flat 19, Ferris House, Sterling Gardens RG14 5RQ
2 bed 1 bath Flat
Affordable shared-ownership in a new development near town and countryside.
Shared ownership example: 25% share priced at £77,500
A bright, contemporary two-bedroom flat in Sterling Gardens offering an affordable route onto the property ladder via shared ownership. The 734 sq ft open-plan living space sits to a private communal garden and includes a private balcony, integrated kitchen appliances and bike storage — ideal for first-time buyers seeking low-entry cost and good connectivity to Newbury town centre.
This apartment is a 2022 build with a 999-year lease, off-street allocated parking and a 10-year build warranty. Broadband and mobile signal are strong, and the development includes ecological landscaping to support biodiversity. The example 25% share equates to £77,500 with a modest deposit and a subsidised rent on the remaining share, making monthly costs lower than many full-market mortgages.
Important practical points are stated plainly: heating is by electric room heaters rather than central gas, which may mean higher running costs. The property is sold as shared ownership, which entails rent on the unsold share, potential additional legal fees and restrictions on owning other properties. The area reports higher crime levels than average, which buyers should factor into security and insurance considerations.
This flat suits first-time buyers wanting a modern, low-maintenance home with strong transport links to Reading and London, and easy access to surrounding countryside. It offers an achievable step onto the housing ladder with scope to buy larger shares in future, but budget realistically for running costs and shared-ownership-specific charges.
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