2 bedroom house for sale
Albert Close, , RG7 1UQ
Share percentage 37%, full price £375,000, £13,875 Min Deposit.
Share percentage 37%, full price £375,000, £13,875 Min Deposit.
Monthly Cost: £1,079
Rent £349,
Service charge £26,
Mortgage £704*
Calculated using a representative rate of 4.64%
Calculate estimated monthly costs
Summary
A 2 bed shared ownership property available in Spencers Wood, Reading
Description
Modern and spacious two-bedroom semi-detached house in Reading available through Shared Ownership. The ground floor of the property comprises an entrance hall with a storage cupboard, a large reception room, a kitchen, and a separate WC. The first floor comprises a landing, two large bedrooms, and a family bathroom with WC. The property also benefits from a private rear garden and two allocated parking spaces.
Minimum income required: £48,479
This is reduced if a larger deposit is available.
More shares can be purchased, from a minimum of 10%.
Available for £138,750 for 37% share based on the marketing figure of £375,000.
SO Resi Monthly Payment - £348.54
Monthly Service Charge - £26.23
Total Monthly Charge - £374.77 plus mortgage required for 37% share.
The property is approximately 83m2.
Kitchen: 3.05 x 2.51
Reception room: 4.70 x 4.22
Bedroom 1: 4.70 x 4.22
Bedroom 2: 4.70 x 3.40
EPC ratingEnergy Rating Band - B
Environmental Impact Band - B
All room dimensions are approximate.
Please note figures given for SO Resi monthly payment and service charge are correct at the time of marketing. There is an annual increase that takes place. Please contact us for more information.
Key Features
- Two bedrooms
- Two bathrooms
- Private rear garden
- Two allocated parking spaces
- Available for 37% share
Particulars
Tenure: Not specified
Council Tax Band: Not specified
Property Downloads
Floor PlanMap
The ‘estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together: rent, service charge and mortgage.
- 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 and repairs for communal areas within your development.
- Mortgage: Share to Buy use a database of mortgage rates to work out the rate likely to be available for the deposit amount shown, and then generate an estimated monthly plan on a 25 year capital repayment basis.
NB: This mortgage estimate is not confirmation that you can obtain a mortgage and you will need to satisfy the requirements of the relevant mortgage lender. This is not a guarantee that in practice you would be able to apply for such a rate, nor is this a recommendation that the rate used would be the best product for you.
Share percentage 37%, full price £375,000, £13,875 Min Deposit. Calculated using a representative rate of 4.64%
