Share Price £88,750 (from 25% Min. Share)

Full Value £355,000 | £4,438 Min. Deposit

Scheme: Shared Ownership

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L&Q at Huntley Wharf - 2 bed apartment in Reading - Reading

place Plot 87, Kenavon Drive, RG1 3DH

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***Just released*** A brand new collection of 1 & 2 bedroom Shared Ownership riverside apartments in Central Reading. Book your appointment!


Description

Just released - brand new collection of riverside 1 and 2 bedroom apartments and maisonettes available exclusively through Shared Ownership. Register your interest today for more information!

Plot 87 - 2 bed apartment complete with a balcony and allocated parking:

* Full purchase price: £355,000
* Minimum 25% share value: £88,750
* Minimum deposit: £4,438
* Rent pcm*: £599.00

All of the Shared Ownership homes are finished to a great specification throughout with integrated appliances, contemporary new kitchens and bathrooms, and quality flooring.

  • Prices will start at £71,250 for a 25% share of a 1bedroom apartment
  • Prices will start at £88,750for a 25% share of a 2 bedroom apartment

Specification Includes:
- Karndean flooring to open-plan living/kitchen/dining areas, hallways and kitchens
- Neutral fitted carpets to bedrooms
- Tiles to bathroom, cloakroom and en-suite floor
- Washer/Dryer positioned in utility cupboard
- Integrated sprinkler system
- Mains operated ceiling mounted smoke detector
- Communal heating system with radiators
- Video door entry system
- Contemporary Symphony kitchen with soft-close doors and drawers
- Fully integrated energy efficient appliances including oven, induction hob, extractor hood, fridge/freezer and dishwasher

About the development

Situated in Reading on the old site of Huntley & Palmer biscuit factory, L&Q at Huntley Wharf is a brand new development which will offer a total of 115 apartments, all of which will be available through L&Q’s Shared Ownership scheme. The collection of riverside 1 and 2 bedroom homes will incorporate the sites industrial heritage whilst also providing functional spaces and modern specification throughout.

Huntley Wharf will offer a new destination for central Reading featuring a Riverside Square which will offer residents a range of local amenities just a short stroll away such as a café, restaurant, a local store, gym, nursery and landscaped open spaces along the river.

The ideal location for work, rest and play, L&Q at Huntley Wharf is located less than a mile away from Reading City Centre, meaning residents are within walking distance of Reading Train Station, shops, restaurants and more. Whilst providing excellent connections into London and beyond, this evolving riverside town is also home to many large tech businesses with plenty more room for business growth in Reading. For that all important down time, the River Kennet runs right through the heart of the city, meaning you can relax in one of the waterside eateries or enjoy drinks in one of the many bars and experience the buzz of the city in the evening. What’s more, with two large shopping centres The Oracle and Broad Street Mall located in the city, there is so much choice to be had from must have high street stores to boutique retailers.

Unfamiliar with Shared Ownership?

With Shared Ownership you purchase a share of between 25%-75% of a home and pay subsidised monthly rent on the remaining share*. It’s a great opportunity for anyone who is unable to afford to purchase a home outright on the open market but still wants to step foot onto the property ladder.

Register your interest

Register your interest to be kept up to date with the latest information on floorplans, pricing and our launch event.

Please note all applicants are required to register with L&Q and Help to Buy South for Shared Ownership.

*Photography is of a unit at L&Q at Huntley Wharf. Individual features such as windows, brick, other materials, heating and electrical layouts and internal positioning may vary and the unit has been “virtually furnished” and is for illustrative purposes only. Furniture is not included within any units. For further clarification, please speak with a Sales Associate.


Download Documents

Link to the floor plan Property brochure 1
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Calculate Monthly Cost

Share price
£ 88,750
Min. £88,750
Share percentage
Min. 25%
Your deposit
Min. £4,438
Monthly cost*
£1,239
Cost breakdown
£610
Rent
£187
Service charge
£442
Mortgage*
Calculated using a representative rate of 3.94%
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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.