Full price: £240,000 The full value of the property
Share value: 25% - £60,000
Estimated monthly cost*: £1,000
Estimated Monthly Mortgage*: £301
SO Resi Monthly Payment: £534.80 The monthly payment you make for the share of the home that you don't own
Monthly Service Charge**: £164.04 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: 88
A modern second floor apartment with two double bedroom, finished to the usual high standards you expect from the well respected developer St. James.The accommodation comprises entrance hall, two well proportioned double bedrooms as well as stylish en-suite to master bedroom, luxury fitted main bathroom, separate kitchen and living area, private entrance hall and utility cupboard with plumbing for washing machine. Externally the property offers allocated parking space, well-maintained communal gardens and sheds with key-lock ideal for secure bike storage.
- Minimum income requirement - £25,365
- Income requirement reduces if a higher deposit's available
- Buy more shares for a minimum of 10%
Located within the Kennet Island development of similar flats and houses, close to local amenities in Reading Town Centre. Morrisons/Aldi/Puregym/Pub are only a 10 min walk away. The rivers nearby are perfect for a walk as well as the Green Park/ Madejski Stadium down the road. The location is well-served by Junction 11(M4), a bus stop which is a 5 min walk away and direct transport links to Reading Town. The closest train station is Reading West, which is just under two miles away.
Two double bedrooms
Second floor apartment
Allocated parking space
Secure bike storage
Close to local amenities in Reading
A two bedroom second floor apartment located in Reading available for sale through the Shared Ownership Scheme.
Available for £60,000 for 25% share based on the marketing figure of £240,000.
SO Resi Monthly Payment - £534.80
Monthly Service Charge - £164.27
Total Monthly Charge - £699.07 PLUS MORTGAGE REQUIRED FOR 25% SHARE.
Utility cupboard with washing machine. Entry phone system.
3.69m x 2.79m
En suite shower room
Large shower. White suite.
3.82m x 2.67m
With WC and shower over bath. White suite.
7.42m x 5.03m(maximum dimensions into bay windows)
1.91 x 2.66
Good range of modern contemporary wall and base units.
Gas cooker and hob.
Attractive and well maintained communal areas.
One allocated parking space and two visitor permit.
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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