Share Price £132,500 (from 50% Min. Share)

Full Value £265,000 | £6,625 Min. Deposit

Scheme: Shared Ownership Resales

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2 bedroom apartment in Reading - Reading

place School Drive, Woodley, RG5 3PZ

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A 2 bedroom maisonette available through our Shared Ownership Scheme in Reading


Description

Full Description

A 2 bedroom maisonette available through our Shared Ownership Scheme

Available for £132,500 for 50% share based on the marketing figure of £265000.0

So Resi Monthly Payment- £282.09
Monthly Service Charge- £114.59
Total Monthly Charge- £396.68 PLUS MORTGAGE REQUIRED FOR 50% SHARE

A modern maisonette in good condition. The accommodation comprises of private entrance hall withstorage cupboard, bathroom with WC, two bedrooms and open plan kitchen/reception room. Outsidethere are communal gardens and areas, an allocated parking space, additional visitor parking spaces,communal bin and bike stores and an allocated storage shed. The property has gas fired central heatingand double glazing.

- Please note that priority will be given to applicants who live and work within the local authority of Wokingham

Property Details

Entrance hall
Storage cupboard

Bathroom with WC
3 piece white suite
Shower over bath

Open plan kitchen/reception room:

Reception area:

3.22 x 4.30 plus 1.89 x 1.23

Kitchen area:
2.88 x 3.20
Good range of units
Gas hob
Cooker
Built-in fridge freezer
Space for washing machine

Bedroom 2:
3.00 x 2.15

Bedroom 1:
3.00 x 3.55

Outside:
Well kept communal garden and areas
Communal bin and bike stores
Allocated storage shed
Allocated parking space
Additional visitor parking spaces

EPC Rating
Energy Rating Band- C
Environmental Impact Band- B

All room dimensions approximate.

Please note figures given for So Resi Monthly Payment and service charge are correct at time of marketing. There is an annual increasethat takes place. Please refer to Resale Team for up to date information.


Key Features

  • Ground floor maisonette
  • Two bedrooms
  • In good condition
  • Allocated parking
  • Gas fired central heating and double glazing
  • Close to Reading town centre
  • Available on 50% shared ownership basis
  • Re-available with a short onward chain

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Calculate Monthly Cost

Share price
£ 132,500
Min. £132,500
Share percentage
Min. 50%
Your deposit
Min. £6,625
Monthly cost*
£1,057
Cost breakdown
£282
Rent
£115
Service charge
£660
Mortgage*
Calculated using a representative rate of 3.94%
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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.

The ‘Estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together:

  • 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 costs for the property as a whole and communal areas
  • Mortgage: Share to Buy ltd are specialist Shared Ownership mortgage brokers and we use a database of daily updated mortgage rates to work out the lowest rate available for the deposit amount shown, and then generate an estimated monthly payment on a 25 year capital repayment basis.


NB: this mortgage estimate is not confirmation that you can obtain a mortgage and you will also need to satisfy the requirements of the relevant mortgage lender. Nor is this a guarantee that in practice you would be able to apply for such a rate, and nor is this a recommendation that the rate used would be the best product for you.