2 bedroom house for sale
Albert Close, Reading, RG7 1UQ
Share percentage 40%, full price £390,000, £7,800 Min Deposit.
Share percentage 40%, full price £390,000, £7,800 Min Deposit
Monthly Cost: £1,317
Rent £400,
Service charge £70,
Mortgage £847*
Calculated using a representative rate of 4.78%
Calculate estimated monthly costs
Summary
A 2 bed shared ownership property available in Reading, Berkshire
Description
Spacious and bright two-bedroom semi-detached house now available in Reading through Shared Ownership.
The property comprises of two floors, with the bedrooms and family bathroom on the first floor and the living room, a separate kitchen and an additional WC on the ground floor.
The property also features an enclosed rear garden and two allocated parking spaces.
Available for £156,000 for 40% share based on the marketing figure of £390,000.
Monthly rent - £399.96
Monthly Service Charge - £69.73
Total Monthly Charge - £469.69 plus mortgage required for 40% share.
An annual rent increase takes place every April
LocationThis property is located in a quiet, family friendly area with Reading town centre being just 20 minutes away by car and Winnersh train station provides easy rail access.
Travel into London is made easier through Reading station, from fast trains to London Paddington in 25 minutes.
Local supermarkets, parks, and gyms are all within a short drive, while Circle Reading Hospital is around 10 minutes away. The area benefits from good schools, located under a mile from the property.
EPC ratingEnergy rating band - B
Environmental rating band - B
Lease informationYears remaining on lease: 117
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.
Key Features
- Two-bedroom semi-detached house
- Enclosed rear garden
- Allocated parking spaces
- Two WCs
- Available for 25% share
- 5% minimum deposit only
Particulars
Tenure: Not specified
Council Tax Band: Not specified
Property Downloads
Key Information Document 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 £390,000, £7,800 Min Deposit. Calculated using a representative rate of 4.78%
