Full price: £175,000 The full value of the property
Share value: 40% - £70,000
Estimated monthly cost*: £854
Estimated Monthly Mortgage*: £351
SO Resi Monthly Payment: £382.67 The monthly payment you make for the share of the home that you don't own
Monthly Service Charge**: £120.69 Residents of a development pay this for maintenance of communal/external areas
* Costs shown are approximate, mortgage figures are shown for illustration purposes only and use a guide interest rate of 3.99%. The actual rate will depend on your circumstances and you should seek mortgage advice to establish a personalised illustration of your mortgage.
** Residents of a development pay this for maintenance of communal/external areas
Years on lease: 93
Less than 5 minutes away from local shops. Within established residential in Southcote to the west of Reading. Generally good access to facilities, transport links and road network. Newly renovated town centre is 15 minutes away. Supermarket is 5 minute drive away.
A one bedroom second floor located in Reading available through Shared Ownership Scheme
Available for £70,000 for 40% share based on the marketing figure of £175,000
SO Resi Monthly Payment - £382.67
Monthly Service Charge - £120.69
Total Monthly Charge - £503.36 PLUS MORTGAGE REQUIRED FOR 40% SHARE
Minimum income requirement - £25,849
Buy more shares for a minimum of 10%
1.91m x 3.31m
4.67m x 3.35m
3 piece suite with shower over bath
4.44m x 3.06m
1 allocated parking space
Gross Internal Area: 46m²
Energy Rating Band - B
Environmental Impact Band - B
All room dimensions approximate.
Please note figures given for SO Resi monthly payment and service charge are correct at time of marketing. There is an annual increase that takes place. Please contact us for more information.
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