2 bedroom apartment for sale
Under Offer
Reading, Berkshire, RG2 0FP
£60,000 · Shared Ownership Resale

Share percentage 25%, full price £240,000, £3,000 Min Deposit.

Under Offer
2 bedrooms
£60,000 Shared Ownership Resale

Share percentage 25%, full price £240,000, £3,000 Min Deposit.

Monthly Cost: £984
Rent £520, Service charge £165, Mortgage £299*

Calculated using a representative rate of 3.94%

Calculate estimated monthly costs

£
Summary

A two bedroom first floor apartment located in Reading available through the Shared Ownership Scheme

Description

Full Description

A two bedroom first floor apartment located in Reading available through the Shared Ownership Scheme.
Available for £60,000 for 25% share based on the marketing figure of £240,000.

SO Resi Monthly Payment - £519.73
Monthly Service Charge - £165.09
Total Monthly Charge - £684.82 PLUS MORTGAGE REQUIRED FOR 25% SHARE.

Ground Floor
Communal entrance lobby with staircase

First Floor
Private entrance hall

Utility cupboard with plumbing for washing machine.

Bathroom with WC

Bedroom one
2.79 x 3.69.
En-suite shower room with wc.

Bedroom two
2.67 x 3.79.

Living room
5.03 x 7.42.

Kitchen
2.65 x 1.91.

Outside
Communal grounds and areas.
Allocated parking space.


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 contact us for more information.

Key Features
  • Two bedrooms
  • First floor flat
  • Good condition
  • Gas heating
  • Residents'parking
  • Visitors' parking
  • Secure bike storage
  • Communal gardens
  • Close to local amenities in Reading
Map
Hook (10.34 miles) West Drayton (22.22 miles) Heathrow Terminals 1 2 3 (22.56 miles)
Monthly Cost Calculator

The ‘Estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together, rent, service charge and mortgage.

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  • Rent: this is charged on the share you do not own and is usually payable to a housing association (rent is not generally payable on shared equity schemes)
  • Service Charge: covers maintenance costs for the property as a whole and communal areas
  • Mortgage: Share to Buy ltd are specialist Shared Ownership mortgage brokers and we use a database of daily updated mortgage rates to work out the lowest rate available for the deposit amount shown, and then generate an estimated monthly payment on a 25 year capital repayment basis.

NB: this mortgage estimate is not confirmation that you can obtain a mortgage and you will also need to satisfy the requirements of the relevant mortgage lender. Nor is this a guarantee that in practice you would be able to apply for such a rate, and nor is this a recommendation that the rate used would be the best product for you.

£60,000
Shared Ownership Resale
Estimated Monthly Cost:£984
Rent £520
Service Charge £165
Mortgage £299

Share percentage 25%, full price £240,000, £3,000 Min Deposit. Calculated using a representative rate of 3.94%


Disclaimer
The information displayed about this property comprises a property advertisement. Share to Buy ltd makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Share to Buy has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by the sponsoring housing association. Please contact the housing association or estate agent directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007.