Summary - FLAT 17, MELVILLE, PARK WAY RG14 1DZ
1 bed 1 bath Apartment
40% shared ownership; town-centre flat with large private terrace and lift access.
Available from 40% shared ownership, no onward chain
A practical, town-centre one-bedroom apartment offered as 40% shared ownership with no onward chain — ideal for first-time buyers seeking an affordable entry into Newbury. The flat sits on a modern mixed-use block and includes a generous private terrace for outdoor living, lift access and a private front door for added convenience.
Accommodation is sensibly laid out: an entrance hallway with good storage, a living room with pleasant views, a double bedroom with fitted wardrobes and a kitchen/breakfast room that can accommodate a small dining table. The property benefits from gas central heating, double glazing and an EPC rating of B, making it economical to run.
Important practical points: the lease has 89 years remaining and the annual service charge is substantial at £3,142.80 with an annual rent payable of £4,903.20 (reflecting the shared-ownership arrangement). The property is in a busy town-centre location where local crime levels are reported as high and external privacy is limited, so buyers should consider security and lifestyle trade-offs.
This flat suits buyers wanting an affordable London-commutable base (fast trains to Paddington), investors looking for shared-ownership stock, or first-time purchasers who value low entry cost, a sizeable terrace and immediate move-in. A virtual tour is available to inspect layout and condition before viewing in person.
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