LOCATION
CASE STUDY
READING L&Q at Huntley Wharf
BERKSHIRE (READING) Oakwood Place
The nal collection of one bedroom shared ownership apartments at this riverside development is now available. The new homes form part of an exciting urban hub; residents enjoy landscaped open spaces along the river and will ultimately bene t from a plethora of facilities on-site, including a cafe, restaurant, local store and gym, all conveniently located in the development’s central hub, Riverside Square. The development is just a short walk from Reading train station, now on the Elizabeth Line. By bike, both the station and city centre are reachable in less than ve minutes.
This collection of two, three, four and ve bedroom homes gives residents the perfect balance of historic village life and modern family life, with 14 acres of open space right on the doorstep. Surrounded by the Berkshire countryside, the development is just four miles from Reading, with great road and rail links. Families will bene t from the Osted-rated Good primary and secondary schools close by.
Almost a decade ago, back in 2015, Matt and Jake bought a 43% share in a new home in Heaton Moor, Stockport. They were keen to stay living in the area, close to family, but, as rst time buyers, buying a home outright just wasn’t possible Luckily, they discovered shared ownership, a scheme suggested to them by a family member. “Thanks to shared ownership we were able to put down a deposit of £10,000 and buy our own home. When we rst bought our home, a 43% share was the most that we could afford, when you buy your rst home, you’re pretty skint!” As it turns out, shared ownership didn’t only allow Matt and Jake to take their rst step on to the property ladder – they were later able to staircase when they found themselves in a position to be able to afford the outstanding 57%, meaning they would own their home outright. Matt admits that this is not something they had initially given much thought to. “When we rst bought our home, we hadn’t even considered staircasing,” he explains. “We knew it existed but didn’t think about it again until about ve or six years later when we realised we could afford to do so. Once we realised we could afford to buy our home outright we thought we'd just go for it!” Staircasing was a wise move ahead of selling their home. “Because the house was increasing in value, we knew that, if we were to sell it, we’d be able to make more money on it if we owned a higher share. It meant that we owned 100% of the property, so when we sold it, we pro ted from the full value of the house.” Matt and Jake have already recommended shared ownership to several people following their experience, which exceeded their expectations. “We initially worried that because we were paying part rent, we’d feel like we had a landlord,” says Matt. “It wasn’t like this at all, we never felt that we were checked up on. It always felt like our home.”
dandara.com/new-homes-for-sale/ berskshire/oakwood-place 01183 155 705
lqhomes.com/huntleywharf 0333 999 7113
*Based on a 25% share of the full market value of £277,500
EAST LONDON (CLOSE TO THURROCK) L&Q at Beam Park Located on the border between the London Boroughs of Barking & Dagenham and Rainham, Beam Park is L&Q’s most affordable development in the capital. Beam Park, a community of over 3,000 homes, is already home to a multi-use outdoor games area, including a ve-aside football pitch, basketball court and table tennis tables, with a cafe, gym and multi-faith centre still to come. Residents also bene t from fast and ef cient links into the capital via Dagenham Dock station, with services reaching Fenchurch Street in just 21 minutes, Canary Wharf in 24 minutes and Westminster in 35 minutes. lqhomes.com/beampark 020 8189 7502 for shared ownership 020 8189 0402 for London Living Rent
ASHTON GREEN, LEICESTER Verdant Rise Verdant Rise is an exciting new development in partnership with Tilia Homes, offering stylish two and three bedroom family homes ve miles from Leicester city centre. Homes offer a high-quality nish, with ooring throughout, a private garden, and two allocated parking spaces. Each home also includes a downstairs cloakroom. With excellent transport links, Verdant Rise provides the perfect balance of town and country. The location is ideal for families, offering easy access to local amenities, including shops, a Post Of ce and local pubs.
sagehomes.co.uk/sales/listing/verdant-rise 020 3369 2180
*Based on a 25% share of the full market value of £265,000
*Based on a 50% share of the full market value of £230,000
26 First Time Buyer December 2024/January 2025
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