1 bedroom apartment for sale
Collins Drive, Reading, RG6 5AE
Share percentage 75%, full price £215,000, £8,063 Min Deposit.
Share percentage 75%, full price £215,000, £8,063 Min Deposit.
Monthly Cost: £1,210
Rent £97,
Service charge £194,
Mortgage £919*
Calculated using a representative rate of 5.26%
Calculate estimated monthly costs
Summary
A 1 bed shared ownership property available in Reading, Berkshire
Description
A modern and well-presented one-bedroom apartment is now available in Reading with Shared Ownership.
The property comprises one bedroom, a hallway, an open-plan modern fitted kitchen, and a large living room with big windows that allow a lot of light to come in. It also includes undercroft allocated parking space and shared bike stores.
Available for £161,250 for 75% share based on the marketing figure of £215,000.
Monthly rent - £96.91
Monthly Service Charge - £193.87
Total Monthly Charge - £290.78 plus mortgage required for 75% share.
An annual rent increase takes place every April
LocationThis property boasts exceptional access to a diverse range of amenities in just a few minutes away by car, including shops, supermarkets, restaurants, public transport, and major motorways. Furthermore, it is situated in close proximity to the esteemed University of Reading and other renowned educational facilities. The town of Reading can be reached in about 10 minutes' drive.
EPC ratingEnergy rating band - B
Environmental impact band - B
Gross internal floor area: 53 m²
Living room & kitchen: 5.72 x 4.80 m
Bedroom: 4.37 x 2.62 m
Years remaining on lease: 90
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
- One-bedroom apartment
- Modern building (2016)
- Allocated parking space
- Close to M4 and A329(M)
- Available for 75% 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 75%, full price £215,000, £8,063 Min Deposit. Calculated using a representative rate of 5.26%
