Lundy House, Drake Way, RG2 0GQ

Modern second-floor apartment in Reading available through Shared Ownership. The apartment comprises one double bedroom, open open-plan kitchen/lounge area, a bathroom, and a hallway. The property comes with an allocated parking space. This would make a perfect first home.

Available for £76,000 for 40% share based on the marketing figure of £190,000.

Monthly rent - £426.67
Monthly Service Charge - £122.32
Total Monthly Charge - £548.99 plus mortgage required for 40% share.

An annual rent increase takes place every April

Located within the Kennet Island development of similar flats and houses, close to local amenities in Reading Town Centre. Morrisons/Aldi/Puregym/Pub are only a 10 min walk away. The rivers nearby are perfect for a walk as well as the Green Park/ Madejski Stadium down the road. The location is well-served by Junction 11(M4), a bus stop which is a 5 min walk away and direct transport links to Reading Town. The closest train station is Reading West, which is just under two miles away.

Energy Rating Band - C
Environmental Impact Band - B

Ground Floor:
Communal entrance lobby with staircase

Second Floor:
Private entrance hall with fitted cupboards.

Bedroom one:
with fitted cupboards
2.95 x 4.04.

Bathroom with WC.

Open plan kitchen/reception room:
6.27 x 3.64m

Outside:
Communal grounds and areas including bin and bike stores.
Allocated parking space.

Years remaining on lease: 84

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.