Share Price £87,500 (from 50% Min. Share)

Full Value £175,000 | £4,375 Min. Deposit

Scheme: Shared Ownership Resales

Under offer

1 bedroom apartment in Reading - Reading

place Engineers Court, Whitley Wood Lane, RG2 8AQ

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A one bedroom first floor flat located in Reading available through Shared Ownership Scheme


Description


Full Description

A one bedroom first floor flat located in Reading available through Shared Ownership Scheme

Available for £87,500 for 50% share based on the marketing figure of £175,000

So Resi Monthly Payment- £246.96
Monthly Service Charge- £101.19
Total Monthly Charge- £348.15 PLUS MORTGAGE REQUIRED FOR 50% SHARE

First floor one bedroom flat in good condition available for shared ownership. This property comprises one double bedroom, open plan lounge to kitchen, bathroom with 3 piece suite with shower over bath,hallway with cupboard, includes allocated parking space and development grounds. This property is on offer by So Resi.

In residential area with good access to transport links

Property details:

Hallway:

Cupboard
1.04m x 2.2m

Kitchen:
Open from lounge
2.6m x 2.72m

Lounge:
4.61m x 5.71m

Bathroom:
3 piece suite with shower over bath

Bedroom 1:
3.1m x 4.13m + 2.61m x 0.56m
Double wardrobe

External:
Development grounds
1 allocated parking space

EPC Rating

Energy Rating Band- B
Environmental Impact Band- B

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


Key Features

  • First floor
  • One bedroom
  • Good condition
  • Double glazed windows
  • Good access to transport links
  • Available for 50% share

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Calculate Monthly Cost

Share price
£ 87,500
Min. £87,500
Share percentage
Min. 50%
Your deposit
Min. £4,375
Monthly cost*
£784
Cost breakdown
£247
Rent
£101
Service charge
£436
Mortgage*
Calculated using a representative rate of 3.94%
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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.