1 bedroom apartment for sale
Carraway Street, RG1 3GE
Share percentage 25%, full price £320,000, £8,000 Min Deposit.
Share percentage 25%, full price £320,000, £8,000 Min Deposit
Monthly Cost: £1,259
Rent £626,
Service charge £229,
Mortgage £404*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
Summary
Purpose built apartment at Huntley Wharf
Description
SHARED OWNERSHIP
Full Market Value: £320,000
Share Value (25%): £80,000
Monthly Rent: £594.74
Service Charge: £228.75
Council Tax Band: C
990 year lease commenced in January 2021 - 985 years remaining
Enter this bright and sunny west facing apartment via a spacious hallway with large storage cupboard housing plumbing for your washing machine. The dual aspect open plan living area features a modern grey kitchen with fully integrated appliances and opens onto a private balcony with views across the manicured communal gardens. A good sized double bedroom and contemporary family bathroom complete the accommodation.
With a café, restaurant, local store, and gym, as well as beautifully landscaped gardens to complement the riverside setting, Huntley Wharf will become an extension of the town centre. Follow the River Kennet to the town centre to find a host of shops, restaurants, bars and nightlife, all less than a mile away.
Reading's location in the Thames Valley, with its proximity to London, means the town plays a key role in the UK's transport system and attracts many commuters. Benefit from National Rail services into London Paddington in 25 minutes* and local services on the Elizabeth Line from Reading Central train station, and to other UK cities such as Bristol, Cardiff, Exeter, Birmingham and Southampton Central. The M4 connects Reading to Heathrow Airport and the rest of London, whilst other nearby towns and cities such as Oxford, Slough, Newbury and Guildford are easily accessible by road or rail.
The buyer will require a deposit to obtain a mortgage for this property.
To meet the requirements for this property we require as a guideline, a minimum household income of £46,189. If you are offered the home, your ability to afford this property will be assessed at your financial interview. Please note that applicants should purchase the maximum share that they can afford and sustain.
Only applicants who are registered with London and Quadrant will be eligible to be offered a property in one of our schemes. If you are not registered please visit our website www.lqhomes.com and register to obtain your unique reference number.
Your home is at risk if you fail to keep up repayments on a mortgage, rent or other loan secured on it. Please make sure you can afford the repayments before you take out a mortgage.
These particulars are of opinion only, are intended to give a fair description and do not form the basis of a contract. The descriptions and all other information are believed to be correct as of March 2025.
Key Features
- Great location with amenities and transport close by
- Modern development
- Integrated sprinkler system
- Neutral decor and carpets
- Karndean flooring to open plan living areas and hallway
Particulars
Tenure: Leasehold
Lease Length: 986 years
Council Tax Band: C
Property Downloads
Key Information Document Floor Plan Energy CertificateVirtual Tour
Map
Material Information
Total rooms:
Furnished: Enquire with provider
Washing Machine: Enquire with provider
Dishwasher: Enquire with provider
Fridge/Freezer: Enquire with provider
Parking: Yes - Allocated
Outside Space/Garden: Yes - Communal Garden
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 25%, full price £320,000, £8,000 Min Deposit. Calculated using a representative rate of 4.59%