2 bedroom apartment for sale
Beatty Rise, Spencers Wood, RG7 1FQ
Share percentage 50%, full price £215,000, £5,375 Min Deposit.
Share percentage 50%, full price £215,000, £5,375 Min Deposit.
Monthly Cost: £1,196
Rent £437,
Service charge £146,
Mortgage £613*
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 spacious and well-presented two-bedroom apartment (on the first floor) is now available in Reading through Shared Ownership.
The property comprises a large living room, a separate kitchen, two bedrooms, a bathroom, a private outdoor storage section, and an allocated parking space. This apartment is perfect for couples and small families.
Available for £107,500 for 50% share based on the marketing figure of £215,000.
Monthly rent - £436.90
Monthly Service Charge - £145.95
Total Monthly Charge - £582.85 plus mortgage required for 50% share.
An annual rent increase takes place every April
LocationThe property is located close to Spencers Wood which offers a range of local shops and amenities. Mortimer Train station is a 10-minute drive away, offering connections to Reading and Basingstoke. The property is close to a range of schools and supermarkets, with Reading Town Centre less than a 20-minute drive away.
EPC ratingEnergy rating band - B
Environmental impact band - B
Gross internal floor area: 61.3 m²
Living room: 4.34 x 4.09 m
Kitchen: 3.25 x 1.88 m
Bedroom 1: 4.22 x 2.74 m
Bedroom 2: 3.02 x 2.90 m
Storage: 1.96 x 1.17 m
Years remaining on lease: 82
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.
Key Features
- Two bedroom apartment
- Outdoor storage unit
- Communal garden
- Allocated parking
- 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 £215,000, £5,375 Min Deposit. Calculated using a representative rate of 5.26%
