Full price: £240,000 The full value of the property
Share value: 25% - £60,000
Estimated monthly cost*: £986
Estimated Monthly Mortgage*: £301
SO Resi Monthly Payment: £519.73 The monthly payment you make for the share of the home that you don't own
Monthly Service Charge**: £165.09 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
This spacious apartment in Reading is a first floor purpose built flat and it's now available for sale through our Shared Ownership Scheme. The property comprises two bedrooms with one en suite shower room with WC, separate kitchen and living area, bathroom with WC, private entrance hall and utility cupboard with plumbing for washing machine. Externally the property offers allocated parking space and well-maintained communal gardens ideal for secure bike storage.
- Minimum income requirement - £25,197
- Income requirement reduces if a higher deposit's available
- Buy more shares for a minimum of 10%
The property is close to local amenities in Reading Town Centre, Morrisons/Aldi are only a 10 min walk away, gym and pub 10 mins walk away. The rivers nearby are perfect for a walk as well as the green park 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.
First floor flat
Secure bike storage
Close to local amenities in Reading
A two bedroom first floor apartment located in Reading available through the Shared Ownership Scheme.
Available for £60,000 for 25% share based on the marketing figure of £240,000.
SO Resi Monthly Payment - £519.73
Monthly Service Charge - £165.09
Total Monthly Charge - £684.82 PLUS MORTGAGE REQUIRED FOR 25% SHARE.
Communal entrance lobby with staircase
Private entrance hall
Utility cupboard with plumbing for washing machine.
Bathroom with WC
2.79 x 3.69.
En-suite shower room with wc.
2.67 x 3.79.
5.03 x 7.42.
2.65 x 1.91.
Communal grounds and areas.
Allocated parking space.
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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