Beatty Rise, Spencers Wood, Reading, Berkshire - 50% share (£110,000)

Full price: £220,000 The full value of the property

Share value: 50% - £110,000

Estimated monthly cost*: £985

Estimated Monthly Mortgage*: £551

SO Resi Monthly Payment: £332.35 The monthly payment you make for the share of the home that you don't own

Monthly Service Charge**: £102.14 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.

** Monthly service charges are an estimate but include (where applicable); buildings insurance, ground rent, management and audit fees, cleaning, lighting, landscaping and general maintenance of communal areas.


Years on lease: 87

Eligibility: Live & Work in Local Authority

A well presented second floor flat in good condition. The accommodation comprises of entrance hall with built-in storage cupboard, bathroom with WC, kitchen, reception room and two bedrooms, one with built-in wardrobe. Outside there are well kept communal grounds and areas, communal bin and bike stores, a useful storage shed and an allocated parking space. The property also benefits from gas fired central heating and double glazing.

Location

Located within a modern residential estate of mixed properties, conveniently close to local facilities at Spencers Wood. Town centre services and mainline station available nearby at Reading. Good access to M4 motorway.

Description

Key Features

  • Second floor flat
  • Two bedrooms
  • In good condition
  • Allocated parking
  • Gas fired central heating and double glazing
  • Popular Spencers Wood location
  • Available on 50% shared ownership basis

Full Description

A 2 bedroom second floor flat available through our Shared Ownership Scheme

Available for £110,000 for 50% share based on the marketing figure of £220,000

So Resi Monthly Payment- £332.35
Monthly Service Charge - £102.14
Total Monthly Charge - £434.49 PLUS MORTGAGE REQUIRED FOR 50% SHARE

Property Details

Entrance hall
Built-in storage cupboard

Bathroom with WC
Three piece white suite
Shower over bath

Kitchen:
3.27 x 1.90
Good range of modern units
Gas hob
Cooker
Space for fridge/freezer
Washing machine and slim line dishwasher

Reception room:
4.34 x 4.10

Bedroom 2:
2.86 x 2.98

Bedroom 1:
2.83 x 4.27
Built-in wardrobe

Outside:
Well kept communal grounds and areas.
Communal bin and bike stores.
Private storage shed.
Allocated parking space

EPC Rating

Energy Rating Band - B

Environmental Impact Band - B

All room dimensions approximate.

Please note figures given for So Resi payment 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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