Lundy House, Drake Way, Reading, Berkshire - 40% share (£90,000)

Full price: £225,000 The full value of the property

Share value: 40% - £90,000

Estimated monthly cost*: £965

Estimated Monthly Mortgage*: £451

SO Resi Monthly Payment: £402.25 The monthly payment you make for the share of the home that you don't own

Monthly Service Charge**: £112.68 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: 89

A well presented modern two bedroom first floor flat in good condition. The accommodation comprises of entrance hall with storage and airing cupboards, two bedrooms, reception room, kitchen and bathroom with WC. Externally, there are well kept communal grounds and areas, communal bin and bike stores, an allocated parking space and additional visitor parking spaces. The property benefits from double glazing and gas fired central heating.

Location

Located within the popular Kennet Island residential development of mixed properties. Town centre and mainline railway station located nearby at Reading. Good access to M4 motorway.

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 refer to Resale Team for up to date information.

Description

A two bedroom flat available through our Shared Ownership Scheme
Available for £90,000 for 40% share based on the marketing figure of £225,000
Monthly Rent - £402.25
Monthly Service Charge - £112.68
Total Monthly Charge - £514.93 PLUS MORTGAGE REQUIRED FOR 40% SHARE

Key Features
• First floor flat
• Two bedrooms
• Secure entry phone system
• Allocated parking space
• Gas fired central heating and double glazing
• Sought after Kennet Island location
• Available on 40% shared ownership basis

Property details:

Entrance hall
Storage and airing cupboards

Bedroom 1
2.56m x 4.16m
Fitted cupboard (not included in room dimensions)

Bedroom 2
2.32m x 2.92m

Lounge
4.13m x 4.12m

Kitchen
2.96m x 1.95m
Good range of modern units
Appliances include cooker, gas hob and built-in washing machine
Space for fridge/freezer

Bathroom with WC
Three piece white suite
Shower over bath

Outside
Well kept communal grounds and areas
Communal bin and bike stores
Allocated parking space
Additional visitor parking spaces
All room dimensions approximate

EPC Rating:
Energy Rating Band - B
Environmental Impact Rating Band -B

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