3 bedroom apartment for sale
Puffin Way, Reading, RG2 0FT
Share percentage 55%, full price £285,000, £7,838 Min Deposit.
Share percentage 55%, full price £285,000, £7,838 Min Deposit
Monthly Cost: £1,505
Rent £427,
Service charge £226,
Mortgage £852*
Calculated using a representative rate of 4.78%
Calculate estimated monthly costs
Summary
A 3 bed shared ownership property available in Reading, Berkshire
Description
A bright and spacious third-floor three-bedroom flat within a four-storey building in Reading is now available through Shared Ownership.
The property comprises a hallway, an open-plan kitchen, a living room, a master bedroom with an en suite shower, a second and third bedroom, and a family bathroom.
The property further benefits from allocated parking and communal grounds and area which include bin and bike stores.
Available for £156,750 for 55% share based on the marketing figure of £285,000.
Monthly rent - £427.14
Monthly Service Charge - £225.64
Total Monthly Charge - £652.78 plus mortgage required for 55% share.
An annual rent increase takes place every April
LocationSituated in a modern residential development in south Reading, this home on Puffin Way offers a well-connected and family friendly location.
Just over a mile from Reading Green Station, with direct trains to London Paddington in under 30 minutes, it's ideal for commuters. The M4 (Junction 11) is only a 5-minute drive away, providing fast access to Heathrow and the wider motorway network. Local amenities include a large Morrisons supermarket, Green Park Business Park and Madejski Stadium, all within easy reach.
Families will appreciate nearby schools such as Geoffrey Field Infant and Junior Schools and the abundance of green space including Whitley Wood Recreation Ground and Green Park Village Lake.
With a mix of urban convenience and access to nature, this location is perfect for professionals and families looking to settle down in Reading.
EPC ratingEnergy rating band - C
Environmental impact band - C
Years remaining on lease: 83
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
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 55%, full price £285,000, £7,838 Min Deposit. Calculated using a representative rate of 4.78%
