L&Q: Shared Ownership homes coming to Reading, Berkshire

One and two bedroom apartments launching at Huntley Wharf this July

First time buyers received the disheartening news last month that the UK average house price has increased 8.9% in the year to April. According to new research from Santander, more aspiring homeowners are being forced out of the property market, with many delaying their plans to buy a home due to escalating house prices. The lender conducted a survey of 12,000 British adults and found that 52% said that raising a deposit was the biggest issue facing first time buyers.

However, purchasers keen to get their foot on the property ladder in Reading – Capital of the Thames Valley – will be delighted to learn that L&Q, one of the UK’s leading housing association and developer, is launching its first Shared Ownership scheme in this buoyant, well connected town.

L&Q has partnered with a reputable developer, Berkeley, renowned for creating high quality, sustainable communities, to create a new landmark town centre scheme.

L&Q at Huntley Wharf is a brand new collection of 115 contemporary one and two bedroom apartments and maisonettes – which are a part of Berkeley’s prestigious Reading riverside development, and will be available to purchase through L&Q’s Shared Ownership scheme.

Huntley Wharf features a central riverside square with proposed local amenities to include a café, restaurant, local store, gym and nursery, plus landscaped open spaces along the river, complementing the transformation of Reading as an urban hub.

The launch of this new collection of homes from L&Q presents a rare opportunity to buy a Shared Ownership property at this high quality, central Reading, riverside development.

The L&Q apartments at Huntley Wharf will be finished to a high quality specification with contemporary fitted kitchens featuring integrated appliances. Walls with be painted in neutral colours, complemented by Karndean flooring. The majority of homes include private outdoor space in the form of a balcony or terrace. Each home has access to beautifully landscaped podium gardens. Alongside these communal gardens, residents can enjoy the outdoors at the central Riverside Square and landscaped grounds which feature lush lawns, a range of colourful flowers and water features throughout the development.

The first phase of homes are being released for sale on Saturday 17th July, and will be priced from £285,000.

One bedroom homes available from £71,250 for a 25% share with a FMV of £285,000 and a minimum deposit of £3,563. Two bedroom homes available from £88,750 for a 25% share with a FMV of £355,000 and a minimum deposit of £4,438.

For further information, please visit lqhomes.com/huntleywharf

Share to Buy is a one stop shop for affordable homes. On our website, you can search for properties, compare mortgages and find out all you need to know about alternative home buying schemes such as Shared Ownership and Help to Buy.