1 bedroom apartment for sale
Thorney House, Drake Way, RG2 0GZ
Share percentage 40%, full price £190,000, £3,800 Min Deposit.
Share percentage 40%, full price £190,000, £3,800 Min Deposit
Monthly Cost: £1,058
Rent £474,
Service charge £171,
Mortgage £413*
Calculated using a representative rate of 4.78%
Calculate estimated monthly costs
Summary
A 1 bed shared ownership property available in Reading, Berkshire
Description
This bright, spacious one-bedroom apartment is now available in Reading through Shared Ownership.
The property on the first floor comprises an entrance hall, a living room, a fitted modern kitchen, one large bedroom and a bathroom.
Outside, there is allocated parking, communal gardens and bike stores. Perfect for couples or a single person.
Available for £76,000 for 40% share based on the marketing figure of £190,000.
Monthly rent - £473.88
Monthly Service Charge - £171.15
Total Monthly Charge - £645.03 plus mortgage required for 40% share.
An annual rent increase takes place every April
LocationThe property sits in a tranquil residential area and is close to Reading's town centre, less than 10 minutes away by car. Several amenities are nearby, thanks to a retail centre next to a stadium and supermarkets just a few minutes drive away.
There are also bus stations nearby, which allow to move around by public transport. Road travel is quite convenient, thanks to the M4 being less than 10 minutes away. There are also several natural and green areas nearby, thanks also to the close proximity of River Kennet.
EPC ratingEnergy rating band - C
Environmental impact band - C
Years remaining on lease: 972
In certain cases, 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
- One bed apartment
- Modern kitchen
- Allocated parking
- Excellent travel links
- Available for 40% share
- 5% minimum deposit only
Particulars
Tenure: Not specified
Council Tax Band: Not specified
Property Downloads
Floor PlanMap
Material Information
Total rooms:
Furnished: Enquire with provider
Washing Machine: Enquire with provider
Dishwasher: Enquire with provider
Fridge/Freezer: Enquire with provider
Parking: n/a
Outside Space/Garden: n/a
Year property was built: Enquire with provider
Unit size: Enquire with provider
Accessible measures: Enquire with provider
Heating: Enquire with provider
Sewerage: Enquire with provider
Water: Enquire with provider
Electricity: Enquire with provider
Broadband: Enquire with provider
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 £190,000, £3,800 Min Deposit. Calculated using a representative rate of 4.78%
