Full price: £190,000 The full value of the property
Share value: 40% - £76,000
Estimated monthly cost*: £850
Estimated Monthly Mortgage*: £381
SO Resi Monthly Payment: £372.52 The monthly payment you make for the share of the home that you don't own
Monthly Service Charge**: £96.60 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
A top floor one bedroom apartment within the popular Kennet Island development, available for sale through the Shared Ownership Scheme. The property comprises one master bedroom, open plan kitchen and living room, bathroom and hallway. Externally the property benefits from one allocated parking space and well-kept communal grounds.
- Minimum income requirement - £27,136
- Income requirement reduces if a higher deposit's available
- Buy more shares for a minimum of 10%
The property is located close to local shops and amenities. A local shop and cafe situated less than 1 min walk away on Kennet Island. Aldi and Pure Gym 0.5 miles away and Morrisons 0.7 miles away.
Third floor flat
Allocated parking space
Secure bike storage
Close to local amenities in Reading
A one bedroom third floor apartment located in Reading available through the Shared Ownership Scheme.
Available for £76,000 for 40% share based on the marketing figure of £190,000.
SO Resi Monthly Payment - £372.52
Monthly Service Charge - £96.60
Total Monthly Charge - £469.12 PLUS MORTGAGE REQUIRED FOR 40% SHARE.
4.00m x 3.59m
Kitchen/Open plan living
Fitted kitchen 1.81m x 3.52m
3 piece suite with shower over bath
One allocated parking space
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 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