2 bedroom apartment for sale
Lundy House, Drake Way, RG2 0GQ
Share percentage 40%, full price £225,000, £9,000 Min Deposit.
Share percentage 40%, full price £225,000, £9,000 Min Deposit.
Monthly Cost: £950
Rent £388,
Service charge £105,
Mortgage £457*
Calculated using a representative rate of 4.64%
Calculate estimated monthly costs
You may be eligible for this property if:
- You have a gross household income of no more than £80,000 per annum.
- You are unable to purchase a suitable home to meet your housing needs on the open market.
- You do not already own a home or you will have sold your current home before you purchase or rent.
Summary
A well presented modern two bedroom first floor flat in good condition
Description
A well presented modern two bedroom first floor flat in good condition. The accommodation comprises of entrance hall with storage and airing cupboards, two bedrooms, reception room, kitchen and bathroom with WC. Externally, there are well kept communal grounds and areas, communal bin and bike stores an allocated parking space and additional visitor parking spaces. The property benefits from double glazing and gas fired central heating.
Available for £90,000 for 40% share based on the marketing figure of £225,000
MonthlySo Resi payment- £387.52
Monthly Service Charge - £105.38
Total Monthly Charge - £492.90 PLUS MORTGAGE REQUIRED FOR 40% SHARE
Located within the popular Kennet Island residential development of mixed properties. Town centre and mainline railway station located nearby at Reading. Good access to M4 motorway.
Property details:
Entrance hall
Storage and airing cupboards
Bedroom 1
2.56m x 4.16m
Fitted cupboard (not included in room dimensions)
Bedroom 2
2.32m x 2.92m
Lounge
4.13m x 4.12m
Kitchen
2.96m x 1.95m
Good range of modern units
Appliances include cooker, gas hob and built-in washing machine
Space for fridge/freezer
Bathroom with WC
Three piece white suite
Shower over bath
Outside
Well kept communal grounds and areas
Communal bin and bike stores
Allocated parking space
Additional visitor parking spaces
All room dimensions approximate
EPC Rating:
Energy Rating Band - B
Environmental Impact Rating Band -B
Please note figures given forSo Resi monthlypaymentand service charge are correct at time of marketing. There is an annual increase that takes place. Please refer to Resale Team for up to date information.
Key Features
Key Features
• First floor flat
• Two bedrooms
• Good/modern condition
• Secure entry phone system
• Allocated parking space
• Gas fired central heating and double glazing
• Sought after Kennet Island location
• Available on 40% shared ownership basis
Particulars
Tenure: Not specified
Council Tax Band: Not specified
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 40%, full price £225,000, £9,000 Min Deposit. Calculated using a representative rate of 4.64%
