Lundy House, Reading, Berkshire

Available

Full price: £185,000 The full value of the property

Share value: 40% - £74,000

Estimated monthly cost*: £832

Estimated Monthly Mortgage*: £371

SO Resi Monthly Payment: £362.02 The monthly payment you make for the share of the home that you don't own

Monthly Service Charge**: £98.35 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.

** Residents of a development pay this for maintenance of communal/external areas


Years on lease: 87

Modern one bedroom flat located in Reading available for shared ownership. This property comprises of one spacious, double bedroom, open plan living room with balcony and kitchen with breakfast bar, hallway with cupboard, bathroom with 3 piece shower over bath and allocated parking.

Location

In modern residential development with good access to transport links. Hilton hotel across the road from residence with discount to the gym.  150 yards away from Newsagent,  Nursery,  Café and hospital. Ten minutes’ walk to Morrisons, Aldi, Costa, Next, and Pure Gym.

Description

Key Features

  • One Bedroom
  • Allocated parking space
  • Juliette balcony
  • Good access to transport links
  • Modern Development
  • Available for 40% Shared Ownership

Full Description

One bedroom second floor flat located in Reading available through Shared Ownership Scheme

Available for £ 74,000 for 40% share based on the marketing figure of £185,000

Modern one bedroom flat located in Reading available for shared ownership. This property comprises of one spacious, double bedroom, open plan living room with balcony and kitchen with breakfast bar, hallway with cupboard, bathroom with 3 piece shower over bath and allocated parking.

So Resi Monthly Payment - £362.02
Monthly Service Charge - £98.35
Total Monthly Charge - £460.37 PLUS MORTGAGE REQUIRED FOR 40% share

Minimum income requirement - £26,465

Buy more shares for a minimum of 10%

Incomes required are based on the following assumptions:  Deposit 5% on the resale calculator, mortgage interest rate 2.99% & mortgage term 25 years.

Income required will be reduced if you have a higher deposit available.

EPC Rating
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 refer to Resale Team for up to date information.

 

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