Full price: £200,000 The full value of the property
Share value: 40% - £80,000
Estimated monthly cost*: £867
Estimated Monthly Mortgage*: £401
SO Resi Monthly Payment: £369.64 The monthly payment you make for the share of the home that you don't own
Monthly Service Charge**: £96.34 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: 87
This good size one bedroom flat in Kennet Island is available for sale through the Shared Ownership Scheme. The property comprises light and spacious living/dining area connected to an open plan kitchen with access to a private balcony, one large double bedroom and modern bathroom. Externally the property offers one allocated parking space and well-kept communal grounds.
- Minimum income requirement - £28,231
- Income requirement reduces if a higher deposit's available
- Buy more shares for a minimum of 10%
The property is located directly opposite to gym with less than a minute walk, swimming pool and spa offering resident discount. There is a neighbourhood nursery , convenience store and cafe only 1 minute away. Nearest primary school is 5 mins away and supermarkets within very short walking distance. The property is also located 1 min walk to bus stop with very frequent buses direct to town centre and train station. Trains run direct to London in less than 25 mins. Junction 11 of M4 is a 5 min drive away. There are excellent bike routes and pathways directly outside Kennet Island and close proximity to national cycle path going along the River Kennet.
Second floor flat
Secure bike storage
Allocated parking space
Close to local amenities in Kennet Island
A one bedroom second floor apartment located in Kennet Island available for sale through the Shared Ownership Scheme.
Available for £80,000 for 40% share based on the marketing figure of £200,000.
SO Resi Monthly Payment - £369.64
Monthly Service Charge - £96.34
Total Monthly Charge - £465.98 PLUS MORTGAGE REQUIRED FOR 40% SHARE.
One bedroom second floor purpose built flat within a four storey building of similar properties constructed around 2008. Located within a modern residential development of mixed properties, with shops, railway station and other facilities available nearby at Reading town centre.
Communal entrance lobby with staircase
Private entrance hall with fitted storage and airing cupboards.
with fitted cupboard
4.02 x 3.01.
3.68 x 4.13.
3.13 x 2.00.
Bathroom with wc.
Private balcony accessed via Reception room.
Communal grounds and areas, including bin and bike stores.
Allocated parking space.
Additional Visitor parking spaces.
Energy Rating Band - C
Environmental Impact Band - B
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.
Use our property search to find a home
Enquire with us to learn more and view properties
Complete an affordability assessment with an IFA
Reserve your property and start the buying process with us