2 bedroom apartment for sale

Available

Perigee, RG2 9FT

£122,500 · Shared Ownership Resale

Share percentage 50%, full price £245,000, £6,125 Min Deposit.

Available
2 bedrooms
Parking
£122,500 Shared Ownership Resale

Share percentage 50%, full price £245,000, £6,125 Min Deposit.

Monthly Cost: £1,118
Rent £416, Service charge £92, Mortgage £610*

Calculated using a representative rate of 3.94%

Calculate estimated monthly costs

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Summary

Ideally located within a modern development and within easy reach of the local amenities in Reading town centre. The apartment benefits from allocated parking and access to a children’s play area.

Description

***Please quote PER146 when enquiring.***

- Introduction -

Ideally located on a modern development, within easy reach of a good range of local amenities and facilities in Reading town centre. The 2-bed apartment benefits from allocated parking and has access to a children’s play area. Call today and start looking into purchasing this affordable home in 2022!

- What the owner says -

Perfectly situated on the modern Shinfield Park development, This beautifully presented 1st floor apartment benefits from an open through lounge/dining area, modern fitted kitchen, master bedroom, a good sized second bedroom and bathroom.

- Full description –

Shared ownership is a government backed scheme that can be a stepping stone to completely owning your own home. If you’re finding it difficult to save for a deposit this is a great option as the amount you’ll need is based on the share you’re buying. At this property a 5% deposit is within reach - just £6,125 payable on a 50% share!

- Two bedroom, first floor apartment.

- Telephone entry door system for your security and peace of mind

- Hallway includes a storage cupboard/cloakroom

- Through living room and dining area with double aspect providing views of the childrens play area, surrounding area and car park.

- Kitchen with matching wall and base units, tiled surround and splash back. A small breakfast bar, gas fired hob and electric oven with overhead extractor, Integrated fridge freezer, washing machine and space for a dishwasher.

- Double master bedroom with plenty of room for storage.

- Single bedroom / Study / Nursery / Home Office

- Partially tiled bathroom with a bath, overhead shower, hand basin and WC.

- Carpets fitted throughout living areas and vinyl flooring laid to wet rooms; Kitchen and bathroom

- Gas central heating.

Communal areas

- Childrens play area.

- Allocated car parking.

- Costs –

PRICE - £122,500*

RENT - £394.54pm

SERVICE CHARGE - £89.52**

*This represents a 50% share of the full open market value of £245,000

**This includes: management charge, service charge, building insurance and sinking fund. Rent and service charges are reviewed annually.

- General Information -

Tenure: Leasehold

Lease: 99 years from 20 July 2007

Years remaining on lease: 85 approx.

Approximate internal area: 76 sq. m..

Local authority: Wokingham Borough Council

Council tax band: C

EPC rating: B (83)

Ground rent: £50.00 per annum

- Terms, conditions and requirements -

Minimum household income requirement: £33,090^

Deposit: If you will be obtaining a mortgage you will need at least £6,125 in savings (i.e. a 5% deposit).

^If your deposit is more than 5%, the minimum income requirements may be less. Please contact us for further details.

Application process: A financial assessment must be completed before any physical viewing can take place. This forms part of Home Group’s buyer approval process. These assessments are carried out remotely by The Mortgage People. Once you have confirmed an interest in purchasing a property, the contact details will be made available.

We will not carry out any credit checks or contact any reference agencies without your written consent.

Help to Buy Agent: In order to apply you must be registered with Help to Buy South https://helptobuyagent3.org.uk/user/. You will need to provide your HTB reference when completing the application process.

Current homeowners: Anyone who currently owns a home must have a sale agreed to apply.

Pets: Pets are not permitted in buildings with communal areas.


- Viewings -

In addition to the financial assessment, a physical viewing of the property must take place.

Virtual and physical viewings are held strictly by appointment - call today for more information.

Only those who have physically viewed the property are able to apply. If you have viewed and would like to apply please register your interest with the Resales Team.

Key Features
  • £122,500 for a 50% share available under the shared ownership scheme
  • Only £6,125 for a 5% deposit!
  • Telephone entry system for security and peace of mind
  • Allocated parking
  • Within walking distance of good public transport connections
  • Easy access to Reading and surrounding areas via M4 and A33.
  • You can purchase more shares up to 100% when the time is right for you
Property Downloads
Energy Certificate
Map
Earley (2.05 miles) Winnersh Triangle (2.63 miles) Reading Station (3.01 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.

£122,500
Shared Ownership Resale
Estimated Monthly Cost:£1,118
Rent £416
Service Charge £92
Mortgage £610

Share percentage 50%, full price £245,000, £6,125 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.