2 bedroom apartment for sale

Available

Shilling Close, RG30 4EW

£110,000 · Shared Ownership Resale

Share percentage 50%, full price £220,000, £11,000 Min Deposit.

Available
2 bedrooms
1 Bathroom
Parking
Floor plan
floor-plan
Floor plan
floor-plan
£110,000 Shared Ownership Resale

Share percentage 50%, full price £220,000, £11,000 Min Deposit.

Monthly Cost: £983
Rent £356, Service charge £114, Mortgage £513*

Calculated using a representative rate of 3.82%

Calculate estimated monthly costs

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Summary

A Fantastic Opportunity to Purchase a 2 Bedroom Apartment in Reading

Description

A first-floor, two-bedroom flat which has a good sized reception room and separate kitchen. There is a main bedroom, which is dual-aspect (south-west and south-east facing), plus a second double bedroom. The attractive bathroom features large, limestone-style tiles and modern fittings. Well insulated walls, gas central heating and double glazed windows make for a good energy-efficiency rating. The block has a communal garden, cycle store and a parking area which includes a space for this flat. A large supermarket can be found nearby and Prospect Park provides beautiful outside space to explore. Reading town centre and the main railway station can be easily reached by bus and the location also allows easy access to the M4.


Housing Association: A2Dominion.
Tenure: Leasehold (125 years from 2002).
Minimum Share: 50% (£110,000). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £356.49 per month (subject to annual review).
Service Charge: £113.65 per month, including sinking fund (subject to annual review).
Guideline Minimum Income: Dual - £28,500 | Single - £33,750 (based on minimum share and 10% deposit).
Council Tax: Band C, Reading Borough Council. Priority is given to applicants living and/or working in this local authority.

Applicants MUST complete the application formhttps://tinyurl.com/3nkx3xs6

This property is offered for sale in the condition seen. The housing association does not warrant to carry out any remedial or redecoration work of a
cosmetic nature unless specifically advised in writing. As a general rule, fitted domestic appliances are included in the sale; non-fitted appliances
are not. If you require confirmation, you must request this in writing from Urban Moves. The information in this document supersedes any
information given verbally either in person or by telephone. Pets not permitted (except assistance animals).

Key Features
  • Guideline Minimum Deposit £11,000
  • First Floor
  • Kitchen Separate from Reception
  • Parking Space
  • Guideline Income Dual £28.5k | Single £33.8k
  • Approx. 508 Sqft Gross Internal Area
  • Double Glazing and Gas Central Heating
  • Communal Cycle Store and Garden
Particulars

Tenure: Not specified
Council Tax Band: Not specified

Property Downloads
Floor Plan Brochure Energy Certificate
Map
Reading West (1.08 miles) Tilehurst (1.64 miles) Reading Station (1.89 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.

£110,000
Shared Ownership Resale
Estimated Monthly Cost:£983
Rent £356
Service Charge £114
Mortgage £513

Share percentage 50%, full price £220,000, £11,000 Min Deposit. Calculated using a representative rate of 3.82%


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.