Barbel Close, Reading - New Property Development

Earley lies in the borough of Wokingham, 3 miles east of the centre of Reading. The modern town offers much for family life; four primary schools are within walking distance from the town centre, and the well respected and high performing Maiden Erlegh secondary school is also close by. The local Council offices are in the heart of town, and there is a good provision of doctors surgeries, community centres and a small local leisure centre including swimming pool.

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The town has a number of parks and open spaces to enjoy. The traditional Meadow Park offers play equipment and a skate park whilst Laurel Park boasts a pretty lake area. Sol Joel Park, with cricket and football pitches, is the largest green area in Earley. The town also has a large number of cycleways, including Cutbush Lane, where the family can ride without fear of traffic.

Local Independent shops within Maiden Place and the Chalfont centre take care of everyday shopping needs, and a large Asda is only a short drive away in Lower Earley. Evening entertainment is provided by a choice of local pubs and Showcase cinema. For those wishing to travel the three miles into Reading, a greater shopping experience is available within the pedestrianised Broad Street which is anchored by The Oracle and Broad Street Mall at each end. These two enclosed shopping centres house many popular high street names and John Lewis and Debenhams further complement the area.

Reading also offers a much wider variety of pubs, bars and restaurants specializing in International cuisine, plus the annual Reading Festival in August which showcases the best in Rock and contemporary music.

For the commuter, Earley station offers twice hourly services to Reading and London Waterloo via Guildford, and Barbel Close itself lies just minutes from the A4. Junction 10 of the M4 is within 5 miles offering swift road access to both London and Bristol.

How does New Build HomeBuy work?

New Build HomeBuy (also known as shared ownership and part buy, part rent) is a form of low cost home ownership which enables you to buy a proportion of a property. This means you own a share in the equity of that property using either a mortgage and/or savings, and pay rent on the part you do not own. At a later stage, you may buy further equity if you wish to do so (this is often referred to as 'staircasing').

You will be able to buy a share of the property based upon a qualified valuer's valuation. The minimum initial equity on a property is dependent on a range of factors including current property prices and affordability in a particular area. The share is likely to fall within a range of 25-50%.

The proportion of the rent you pay is dependant on the percentage you do not own. For example, if you purchase 40%, you pay rent on the remaining 60%.You can, if you wish, staircase to full ownership or you can remain a New Build HomeBuy owner. However, even though you only own a percentage of the property, you will have the normal rights and responsibilities of a full home owner.