Share Price £121,500 (from 45% Min. Share)

Full Value £270,000 | £6,075 Min. Deposit

Scheme: Shared Ownership Resales

Under offer

1 bedroom house in Reading

place Pipistrelle Way, Reading, RG10 9WA

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A One bedroom end terrace house located in Reading available through Shared Ownership Scheme.This end terrace house comprises of one bedroom with en-suite bathroom, open plan kitchen and living room, W.C, Loft and garden.


Eligibility

You may be eligible for this property if:

  • You have a gross household income of no more than £80,000 per annum.
  • You are unable to purchase a suitable home to meet your housing needs on the open market.
  • You do not already own a home or you will have sold your current home before you purchase or rent.

Description

Full Description

A One bedroom end terrace house located in Reading available through Shared Ownership Scheme

Available for £121,500 for 45% share based on the marketing figure of £270,000

So Resi Monthly Payment - £342.46
Monthly Service Charge - £58.84
Total Monthly Charge - £401.30 PLUS MORTGAGE REQUIRED FOR 45% SHARE

To register your interest in this property and arrange a viewing register your interest directly with So Resi.

This end terrace house comprises of one bedroom with ensuite bathroom, open plan kitchen and living room, W.C, Loft and garden.

Property Details

Hallway

W.C.

Open plan kitchen/living area:

Living room: 3.80m x 3.37/2

Kitchen: 2.6m x 2.80/2

En suite:
3 piece suite with mixer shower over bath

Bedroom 1:
2.58m x 4.32m + 0.35m x 1.95m

Wardrobe

External:

Pathway to front
Garden accessed by path (no direct access onto garden) mainly laid to lawn
Timber shed
One allocated parking space

- Please note that priority will be given to applicants who live an work within the local authority of Wokingham

EPC Rating

Energy Rating Band - B
Environmental Impact Band - B

All room dimensions approximate

Please note figures given for So Resi Monthly and service charge are correct at time of marketing. There is an annual increase that takes place. Please refer to Resale Team for up to date information.


Key Features

  • One Bedroom
  • End terrace house
  • Allocated parking space
  • Garden
  • Modern residential development
  • Double Glazing
  • Available on 45% Shared Ownership

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Calculate Monthly Cost

Share price
£ 121,500
Min. £121,500
Share percentage
Min. 45%
Your deposit
Min. £6,075
Monthly cost*
£1,006
Cost breakdown
£342
Rent
£59
Service charge
£605
Mortgage*
Calculated using a representative rate of 3.94%
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Location

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.

The ‘Estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together:

  • 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.