1 bedroom apartment for sale

Under Offer

Ashdene Gardens, Reading, RG30 2EP

£95,000 · Shared Ownership Resale

Share percentage 50%, full price £190,000, £4,750 Min Deposit.

Under Offer
1 bedroom
Floor plan
floor-plan
Floor plan
floor-plan
£95,000 Shared Ownership Resale

Share percentage 50%, full price £190,000, £4,750 Min Deposit.

Monthly Cost: £1,042
Rent £384, Service charge £117, Mortgage £541*

Calculated using a representative rate of 5.26%

Calculate estimated monthly costs

£
Summary

A 1 bed shared ownership property available in Reading, Berkshire

Description

This well-presented one-bedroom apartment in Reading is now available through Shared Ownership.

Situated on the first floor of the building, the apartment comprises a large living room, an open-plan kitchen, one bedroom, one bathroom, a communal garden, and an off-street allocated parking spot. This could be ideal for a couple or a single person.

Available for £95,000 for 50% share based on the marketing figure of £190,000.

Monthly rent - £384.04
Monthly Service Charge - £116.90
Total Monthly Charge - £500.94 plus mortgage required for 50% share.

An annual rent increase takes place every April

Location

Although in a quiet residential area, the flat is approximately 2 miles west of Reading's town center, where you can find many restaurants, trendy bars, and pubs.

Its location is fantastic, as the property is near the A33 and M4, whilst having excellent public transport links thanks to the Elizabeth Line that connects Reading and London in just 1-hour travel, as well as trains and local buses.

There are also eight schools within a mile range and a large park just minutes on foot from the flat.

EPC rating

Energy rating band - C
Environmental impact band - B

Layout and dimensions

Gross internal floor area: 47 m²
Living room: 4.62 x 3.66 m
Kitchen: 3.33 x 1.85 m
Bedroom 1: 4.39 x 3.02 m

Lease information

Years remaining on lease: 970

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
  • One bedroom apartmemt
  • Off-street allocated parking
  • Communal outdoor space
  • Great travel links
  • Available for 50% share
  • 5% minimum deposit only
Particulars

Tenure: Not specified
Council Tax Band: Not specified

Property Downloads
Floor Plan
Map
Reading West (0.62 miles) Reading Station (1.40 miles) Tilehurst (1.99 miles)
Monthly Cost Calculator

The ‘estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together: rent, service charge and mortgage.

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  • 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.

£95,000
Shared Ownership Resale
Estimated Monthly Cost:£1,042
Rent £384
Service Charge £117
Mortgage £541

Share percentage 50%, full price £190,000, £4,750 Min Deposit. Calculated using a representative rate of 5.26%


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.