Share Price £108,000 (from 40% Min. Share)

Full Value £270,000 | £5,400 Min. Deposit

Scheme: Shared Ownership Resales

Under offer

2 bedroom apartment in Reading - Reading

place The Meridian, Kenavon Drive, RG1 3DP

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Two bedroom second floor purpose built flat within Reading available


Description


Available for £108,000 for 40% share based on the marketing figure of £270,000

A second floor flat in good condition in Reading. The accommodation comprises of double glazed window units, wooden flooring, 2 bedrooms, one bedroom with shower en-suite and open plan sitting room and kitchen. Also includes allocated parking space, and bin and bike storage.This property is brought to you by So Resi.

So Resi Monthly Payment- £514.23
Monthly Service Charge- £185.10
Total Monthly Charge- £699.33 PLUS MORTGAGE REQUIRED FOR 40% SHARE

Property Details

Hallway

Lounge
Juliette balcony
3.58m x 5.12m + 3.15m x 1.31m

Kitchen
Fitted kitchen
1.88m x 3.58m

Bathroom
3 piece suite with shower over bath

Bedroom 1:
3.84m x
En-suite shower
Wardrobe

Bedroom
3.86m x 2.88m

Outside:
Development grounds
Allocated parking space
Bin and Bike storage

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

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 increase that takes place. Please refer to Resale Team for up to date information.


Key Features

  • Purpose built second floor flat
  • Two bedrooms, one with en-suite bathroom
  • Open plan kitchen and living room
  • Allocated parking
  • Double glazed windows
  • Electric heating
  • Good condition
  • Available on 40% shared ownership basis

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Calculate Monthly Cost

Share price
£ 108,000
Min. £108,000
Share percentage
Min. 40%
Your deposit
Min. £5,400
Monthly cost*
£1,237
Cost breakdown
£514
Rent
£185
Service charge
£538
Mortgage*
Calculated using a representative rate of 3.94%
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Location

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.