Thorney House, Drake Way, Reading, Berkshire - 40% share (£85,000)

Full price: £212,500 The full value of the property

Share value: 40% - £85,000

Estimated monthly cost*: £869

Monthly Mortgage payment*: £426

SO Resi Monthly Payment: £334.07 The monthly payment you make for the share of the home that you don't own

Monthly Service Charge: £109.74 Residents of a development pay this for maintenance of communal/external areas

*Costs shown are approximate and based on a mortgage APR of 3.99% over 25 years. Minimum 5% deposit shown. An independent financial adviser will help guide you through the process.


Years on lease: 90

A modern third floor flat in good condition available for shared ownership. The accommodation comprises of entrance hall, bathroom with WC, double bedroom and living room with separate kitchen. Outside there are well-kept communal areas and an allocated parking space. The flat has gas central heating and double glazing.

Location

Located within the popular Kennet Island residential development of similar flats and houses. Town centre and mainline station located at Reading. Good access to M4 motorway.

Description

A one bedroom flat available through our Shared Ownership Scheme
Available for £94,000 for 40% share based on the marketing figure of £235,000
So Resi Monthly Payment - £334.07
Monthly Service Charge - £109.74
Total Monthly Payment - £443.81 PLUS MORTGAGE REQUIRED FOR 40% SHARE

Key Features:
• Third floor flat
• One bedroom
• Good, modern condition
• Secure entry phone system
• Allocated parking
• Gas central heating and double glazing
• Sought after Kennet Island location
• Available on 40% shared ownership basis

Property details:

Entrance hall
Storage/airing cupboard

Bathroom with WC
White suite
Shower over bath.

Bedroom 1
4.26 x 2.83
Fitted wardrobe

Living room
3.57 x 4.00

Kitchen
3.51 x 1.79
Good range of modern units
Gas hob
Cooker
Space for fridge/freezer and washing machine.

Outside
Well kept communal grounds and areas.

Parking
Allocated parking space

EPC Rating:
Energy efficiency rating - C
Environmental impact rating - B

All room dimensions approximate.
Please note figures given for rent and service charge are correct at time of marketing. There is an annual increase that takes place. Please refer to Resale Team for up to date information.

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