Share Price £51,250 (from 25% Min. Share)

Full Value £205,000 | £2,563 Min. Deposit

Scheme: Shared Ownership Resales

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1 bedroom apartment in Reading - Reading

place Gweal Avenue, RG2 0FW

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


Description

Full Description

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

Available for £51,250 for 25% share based on the marketing figure of £205,000

One bedroom second floor flat with open plan lounge with modern fitted kitchen, bathroom with 3 piece suite with shower over bath, one master bedroom and one allocate parking space.

So Resi Monthly Payment- £368.95
Monthly Service Charge- £122.27
Total Monthly Charge- £491.22 PLUS MORTGAGE REQUIRED FOR 25% SHARE

Property Details

Hallway:

Kitchen:
Modern fitted kitchen
2.37m x 2.4m + 1.39m x 0.8m

Lounge:
Open to kitchen
3.65m x 5.4m

Bathroom:
3 piece suite with shower over bath

Bedroom 1:
Wardrobe
3.1m x 2.64m + 1.07m x 1.7m + 1.58m x 0.65m

External:
1 allocated parking space

EPC Rating
Energy Rating Band- C
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

  • One bedroom apartment
  • Second floor
  • Modern fitted kitchen
  • Good condition
  • Double glazed windows
  • Allocated parking space
  • Available for 25% share

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Calculate Monthly Cost

Share price
£ 51,250
Min. £51,250
Share percentage
Min. 25%
Your deposit
Min. £2,563
Monthly cost*
£746
Cost breakdown
£369
Rent
£122
Service charge
£255
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.