2 bedroom apartment for sale
2 Silver Street, RG1 2BP
Share percentage 25%, full price £325,000, £8,125 Min Deposit.
Share percentage 25%, full price £325,000, £8,125 Min Deposit.
Monthly Cost: £1,140
Rent £598,
Service charge £130,
Mortgage £412*
Calculated using a representative rate of 4.64%
Calculate estimated monthly costs
Summary
Light & bright two bedroom third floor flat is now available as Shared Ownership or Out-Right Freehold sale.
Description
Light & bright two bedroom third floor flat is now available as Shared Ownership or Out-Right Freehold sale.
This well presented home has been maintained to a high standard by the current owner. Third floor apartment has been finished to the highest of specifications and is within walking distance of Reading town centre, mainline railway station and Royal Berkshire Hospital.
The accommodation includes a stylish modern open plan fitted kitchen with integrated appliances. The adjacent open plan living room area is spacious, with a private balcony . Both bedrooms are well sized and have plenty of room for furniture & storage space. Also a very stylish spacious modern family bathroom with white bathroom suite. Allocated parking space is also available.
An easy commute into the city via Reading's excellent transport links.
Don't miss the opportunity to make this inviting 2-bedroom third floor flat your new home. Available as Shared Ownership. Contact us today to arrange a viewing and secure your place in wonderful Reading, Berkshire.
AFFORDIBILITY
Full Market Value: £325,000
25% Share Price: £81,250
Monthly Rent based on the remaining share £597.69
Monthly Service Charge: £129.66
Shared Ownership Lease term: 125 years from 2021
EPC Rating: C
Council Tax Band: D
ELIGIBILITY
You must be at least 18 years old.
Outside of London your annual household income must be less than £80,000.
You cannot own another home. Shared Ownership purchasers are often first-time buyers but if you do already own another property (either in the UK or abroad), you must be in the process of selling it.
You should not be able to afford to buy a home suitable for your housing needs on the open market.
You must show you are not in mortgage or rent arrears.
You must be able to demonstrate that you have a good credit history.
Particulars
Tenure: Leasehold
Lease Length: 122 years
Council Tax Band: D
Map
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 25%, full price £325,000, £8,125 Min Deposit. Calculated using a representative rate of 4.64%
