2 bedroom apartment for sale
Kennet Street, Reading, RG1 4AQ
Share percentage 30%, full price £305,000, £4,575 Min Deposit.
Share percentage 30%, full price £305,000, £4,575 Min Deposit
Monthly Cost: £1,516
Rent £680,
Service charge £326,
Mortgage £510*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
Summary
A 2 bed shared ownership property available in Reading, Berkshire
Description
Modern, bright & spacious two-bedroom apartment now available in Reading through Shared Ownership.
The property comprises a wide living room with an open-plan fitted kitchen, two large bedrooms and a private patio outside. This could be ideal for a small family.
The flat is on the ground floor of a relatively modern construction (circa 2006); it also has allocated parking space.
Available for £91,500 for 30% share based on the marketing figure of £305,000.
Monthly rent - £679.51
Monthly Service Charge - £325.99
Total Monthly Charge - £1,005.50 plus mortgage required for 30% share.
An annual rent increase takes place every April
LocationThe property is located just outside Reading's town centre, in a residential area, and about 10 minutes away walking from the railway station. The train then travels to Paddington, in London, in less than half an hour.
The close A329(M) and M4 motorways, about 15 minutes away, also make road travel convenient.
Reading has recently become a popular destination for people looking to relocate, thanks to its great travel connections, the Elizabeth Line travels from there, the ideal commuting and property investment prospect.
All the local amenities can be found nearby, thanks also to a large shopping centre, high-end retailers, cinemas, as well as pubs and restaurants.
Many schools of all levels can be found nearby, several within walking distance.
With its convenient commuting location and all services the town offers, Reading makes a perfect place to live.
EPC ratingEnergy rating band - C
Layout and dimensionsGross internal floor area: 75 m²
Living room & kitchen: 6.25 x 5.13 m
Bedroom 1: 3.94 x 3.81 m
Bedroom 2: 3.73 x 3.07 m
Years remaining on lease: 106
In certain cases, 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.
Other information(The advertised lease length is subject to a simultaneous lease extension upon completion at no cost to the buyer)
Key Features
- Two-bedroom apartment
- London in 30 min
- Elizabeth Line
- Private patio
- Available for 30% share
- 5% minimum deposit only
Particulars
Tenure: Not specified
Council Tax Band: Not specified
Property Downloads
Floor PlanMap
Material Information
Total rooms:
Furnished: Enquire with provider
Washing Machine: Enquire with provider
Dishwasher: Enquire with provider
Fridge/Freezer: Enquire with provider
Parking: n/a
Outside Space/Garden: n/a
Year property was built: Enquire with provider
Unit size: Enquire with provider
Accessible measures: Enquire with provider
Heating: Enquire with provider
Sewerage: Enquire with provider
Water: Enquire with provider
Electricity: Enquire with provider
Broadband: Enquire with provider
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 30%, full price £305,000, £4,575 Min Deposit. Calculated using a representative rate of 5.03%
