1 bedroom apartment for sale
Cranford Mews, , RG1 6HD
Share percentage 55%, full price £190,000, £5,225 Min Deposit.
Share percentage 55%, full price £190,000, £5,225 Min Deposit.
Monthly Cost: £890
Rent £190,
Service charge £105,
Mortgage £595*
Calculated using a representative rate of 5.26%
Calculate estimated monthly costs
Summary
A 1 bed shared ownership property available in Reading, Berkshire
Description
Spacious, ground-floor apartment in Reading available through the Shared Ownership Scheme. The property comprises one double bedroom, a bright and airy living area, a separate fitted kitchen, a bathroom with WC, and a hallway. Externally the property offers allocated parking space and a private garden.
Available for £104,500 for 55% share based on the marketing figure of £190,000.
Monthly rent - £189.66
Monthly Service Charge - £105.45
Total Monthly Charge - £295.11 plus mortgage required for 55% share.
An annual rent increase takes place every April
Layout and dimensionsThe gross internal floor area amounts to approx. 40m².
The accommodation comprises:
• entrance hall
• kitchen leading to the garden
• lounge and dining room
• 1 bedroom
• bathroom with integral bath/shower
The apartment is presented in good condition and the decoration was good although some maintenance is required. The flooring is neutral throughout. All windows are double-glazedtimber casements.
The private garden faces east and measures 5.2m x 4.3m.
Years remaining on lease: 99
The remaining length of the lease on a property can impact the availability of mortgages to prospective purchasers and the future saleability of the home. We recommend that you speak to your solicitor and your financial advisor to ensure that the lease length is suitable for your needs.
EPC ratingEnergy Rating Band - D
Environmental Impact Band - D
Key Features
- One bedroom
- Ground floor
- Allocated parking space
- Private garden.
- Close to Reading town centre
- 5% deposit
- Available for 55% 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 55%, full price £190,000, £5,225 Min Deposit. Calculated using a representative rate of 5.26%
