Lundy House

Available

Full price: £200,000 The full value of the property

Share value: 40% - £80,000

Estimated monthly cost*: £846

Estimated Monthly Mortgage*: £401

SO Resi Monthly Payment: £348.87 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

One bedroom top floor apartment in popular Kennet Island development. The property comprises of entrance hallway, bedroom with built-in wardrobe, bathroom with mirror demister, modern fitted kitchen open plan to lounge/dining area with sliding door leading to a balcony. The property also includes one large allocated parking bay.


- Minimum income requirement - £27,981

- Income requirement reduces if a higher deposit's available

- Buy more shares for a minimum of 10%

Location

There are various local amenities all within a short walking distance. Amenities include shops, cafes and bars, parks and a gym with heated indoor pool. There are supermarkets and retail parks within a five minute drive as well as the Oracle shoopping centre a short distance away. Approximately one mile from junction 11 of the M4. There are bus links to Reading town centre and train station.

Description

Key Features

  • One bedroom flat
  • Contemporary design
  • Good condition
  • Gas heating
  • Private balcony
  • Secure bike storage
  • Allocated parking space
  • Close to local amenities in Kennet

 Full Description

A one bedroom top floor apartment located in Kennet available through the Shared Ownership Scheme.
Available for £80,000 for 40% share based on the marketing figure of £200,000.

SO Resi Monthly Payment - £348.87
Monthly Service Charge - £96.34
Total Monthly Charge - £445.21 PLUS MORTGAGE REQUIRED FOR 40% SHARE.

 
EPC Rating

Energy Rating Band - C
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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