2 bedroom apartment for sale
East View Place, East Street, RG1 4AW
Share percentage 50%, full price £285,000, £7,125 Min Deposit.
Share percentage 50%, full price £285,000, £7,125 Min Deposit.
Monthly Cost: £1,395
Rent £431,
Service charge £152,
Mortgage £812*
Calculated using a representative rate of 5.26%
Calculate estimated monthly costs
Summary
A 2 bed shared ownership property available in Reading, Berkshire
Description
This two-bedroom flat is now available in Reading through Shared Ownership.
This apartment comprises a living room with a fitted kitchen, two bedrooms (bedroom 1 includes an ensuite), two bathrooms, and allocated parking. This property is perfect for couples or small families.
The Property is locatedclose to the center of Reading and benefits from proximity to the A329. There are 5 schools all within walking distance, which is ideal for families with young children. The nearest train station is Reading, just a 10-minute walk from the property.
There are various restaurants, shops, and activities closeby, including the cinema and a shopping center. Making Reading the perfect place to live.
Available for £142,500 for 50% share based on the marketing figure of £285,000.
Monthly rent - £430.81
Monthly Service Charge - £151.66
Total Monthly Charge - £582.47 plus mortgage required for 50% share.
An annual rent increase takes place every April
EPC ratingEnergy rating band - B
Environmental impact band - B
Gross internal floor area: 62 m²
Living room & kitchen: 6.71 x 3.30 m
Bedroom 1: 3.10 x 3.05m
Bedroom 2: 5.31 x 2.74 m
Years remaining on lease: 975
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 informationThe advertised lease length is subject to a simultaneous lease extension upon completion at no cost to the buyer.
Key Features
- Two bedroom house
- En suite bathroom
- Allocated parking
- Good travel links
- Available for 50% share
- 5% minimum deposit only
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 50%, full price £285,000, £7,125 Min Deposit. Calculated using a representative rate of 5.26%