Thorney House, Drake Way, Reading, Berkshire - 40% share (£110,000)

Full price: £275,000 The full value of the property

Share value: 40% - £110,000

Estimated monthly cost*: £1,060

Estimated Monthly Mortgage*: £551

SO Resi Monthly Payment: £404.11 The monthly payment you make for the share of the home that you don't own

Monthly Service Charge**: £105.38 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

Aodern and spacious two bedroom first floor flat in good condition. The accommodation comprises of entrance hall with storage and airing cupboards, reception room, kitchen, bathroom with WC and two bedrooms, one with built in wardrobes and a recently renovated ensuite shower room. Private balcony accessed off the reception room overlooking the well-kept communal grounds and areas, communal bin and bike stores, an allocated parking space and additional visitor parking spaces.

Location

Set in the popular Kennet Island development to the south of Reading town centre. There's also a gym, cafe, nursery and convenience store within the development. This is a great base for a commuter - with regular buses in to the town centre and station. Trains from here can take you into London Paddington in 26 minutes. Good access to M4 motorway.

Description

Key Features

  • First floor flat
  • Two bedrooms
  • Good/modern condition
  • Secure entry phone system
  • Allocated parking space
  • Double glazing and gas fired central heating
  • Sought after Kennet Island location
  • Available on 40% shared ownership basis 

Full Description

A modern and spacious two bedroom first floor flat in good condition. The accommodation comprises of entrance hall with storage and airing cupboards, reception room, kitchen, bathroom with WC and two bedrooms, one with built in wardrobes and a recently renovated ensuite shower room. Externally there is a private balcony accessed off the reception room overlooking the well-kept communal grounds and areas, communal bin and bike stores, an allocated parking space and additional visitor parking spaces. The flat also has double glazing and gas fired central heating.

Available for £110,000 for 40% share based on the marketing figure of £275,000

So Resi Monthly Payment - £404.11
Monthly Service Charge - £105.38
Total Monthly Charge - £509.49 PLUS MORTGAGE REQUIRED FOR 40% SHARE

Property Details:

Entrance hall
Storage cupboard
Airing cupboard

Reception room:
4.15 x 4.18 opening to 4.75
Glazed doors to balcony
Sky TV point

Kitchen:
3.58 x 1.77
Good range of modern units
Cooker
Gas hob
Space for washing machine and fridge/freezer

Bedroom 1:
3.28 x 3.63
Fitted wardrobe
Refitted ensuite shower room with WC

Bedroom 2:
2.79 x 3.24

Bathroom with WC:

Three piece white suite
Shower over bath
Three piece suite with shower cubicle

Outside:
Private balcony access via reception room
Well kept communal grounds and areas
Communal bin and bike stores
Allocated parking space.
Additional visitor parking spaces

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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