3 bedroom house for sale
Gainsborough Close, Reading, RG5 4HD
Share percentage 60%, full price £435,000, £13,050 Min Deposit.
Share percentage 60%, full price £435,000, £13,050 Min Deposit.
Monthly Cost: £1,851
Rent £292,
Service charge £72,
Mortgage £1,487*
Calculated using a representative rate of 5.26%
Calculate estimated monthly costs
Summary
A 3 bed shared ownership property available in Reading, Berkshire
Description
Modern, bright & spacious three-bedroom semi-detached house now available in Reading through Shared Ownership.
The property comprises a wide living room, fitted kitchen, and three large bedrooms, bathroom and w/c. The property also boasts a conservatory and garage. This could be ideal for a family or first-time buyers.
Available for £261,000 for 60% share based on the marketing figure of £435,000.
Monthly rent - £291.90
Monthly Service Charge - £72.02
Total Monthly Charge - £363.92 plus mortgage required for 60% share.
An annual rent increase takes place every April
LocationThe property is located just outside Reading city centre, in a well developed area,6 minutes away from Earley railway station. Reading is a recently developed area with shops, pubs and restaurants and other local amenities nearby. The property is also within walking distance of Dinton Pastures Country Park.
Layout and dimensionsGross internal floor area: 95.4 m²
Living room : 4.70 x 3.40 m
Kitchen : 3.68 x 2.57 m
Bedroom 1: 4.04 x 3.12 m
Bedroom 2: 3.25 x 3.12 m
Bedroom 3: 2.74 x 2.74 m
Conservatory : 4.88 x 2.77 m
Years remaining on lease: 99
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
- Three bedroom semi-detached house
- Driveway parking
- Large garden
- Great travel links
- 5% deposit minimum
- Available from 60% share
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 60%, full price £435,000, £13,050 Min Deposit. Calculated using a representative rate of 5.26%
