Share Price £62,500 (from 25% Min. Share)

Full Value £250,000 | £3,125 Min. Deposit

Scheme: Shared Ownership Resales

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2 bedroom apartment in Reading - Reading

place Gweal Avenue, RG2 0FW

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A modern second floor apartment with two double bedroom.


Description

The accommodation comprises entrance hall, one well proportioned double master bedroom,secondary bedroom, kitchen and living area,private entrance hall and utility cupboard with plumbing for washing machine.Externally the property offers allocated parking space as well as additional visitor parking, well-maintained communal gardens and sheds with key-lock ideal for secure bike storage.


- Minimum income requirement -£26,152

- Income requirement reduces if a higher deposit's available

- Buy more shares for a minimum of 10%

Two bedroom second floor apartment located in Reading available for sale through the Shared Ownership Scheme.

Available for£62,500for 25% share based on the marketing figure of£250,000.

SO Resi Monthly Payment -£541
Monthly Service Charge - £164
Total Monthly Charge - £705 PLUS MORTGAGE REQUIRED FOR 25% SHARE.

Ground Floor:
Communal entrance lobby with staircase to

Second Floor:
Private entrance hall with fitted storage/utility cupboard

Bedroom 1:
2.79m x 3.07m plus fitted cupboard and ensuite shower
room with WC.

Bedroom 2:
2.67m x 3.80 m

Bathroom with WC

Kitchen:
1.90m x 2.66m

Reception room:
3.59 x 6.08 plus 2 bay windows

Outside: Communal grounds and areas, including bin and bike stores. Allocated parking space. Additional visitor parking.

Energy Rating Band - C
Environmental Impact Band - C

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.

Located within the Kennet Island development of similar flats and houses, close to local amenities in Reading Town Centre. Morrisons/Aldi/Puregym/Pub are only a 10 min walk away. The rivers nearby are perfect for a walk as well as the Green Park/ Madejski Stadium down the road. The location is well-served by Junction 11(M4), a bus stop which is a 5 min walk away and direct transport links to Reading Town. The closest train station is Reading West, which is just under two miles away.


Key Features

Two bedrooms
Second floor
Allocated parking space
Well-maintained communal gardens
Close to local amenities
Available for 25% share


Download Documents

Link to the floor plan
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Calculate Monthly Cost

Share price
£ 62,500
Min. £62,500
Share percentage
Min. 25%
Your deposit
Min. £3,125
Monthly cost*
£1,017
Cost breakdown
£541
Rent
£165
Service charge
£311
Mortgage*
Calculated using a representative rate of 3.94%
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Location

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.

The ‘Estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together:

  • 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.