Share Price £86,000 (from 40% Min. Share)

Full Value £215,000 | £4,300 Min. Deposit

Scheme: Shared Ownership Resales

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1 bedroom apartment in Reading - Reading

place Collins Drive, Earley, RG6 5AE

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


Description


Full Description

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

Available for £86000 for 40% share based on the marketing figure of £215000
SO Resi Monthly Payment - £183.37
Monthly Service Charge - £127.78
Total Monthly Charge - £311.15 PLUS MORTGAGE REQUIRED FOR 40% SHARE

Modern and well presented one bedroom flat that comprises of bedroom,hallway, open plan kitchen and living space, bathroom with 3 piece suite and shower over bath and allocated parking space.

The accommodation is located within modern and sought after development in Earley with good access to amenities, public transport links and road network.

Hallway
Storage

Lounge
Fitted kitchen and combined living space

Bathroom
3 piece suite and shower over bath

Bedroom
2.61m x 4.32m

External
Development grounds
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 increase that takes place. Please contact us for more information.


Key Features

  • One bedroom purpose built flat
  • First floor flat
  • Double glazed windows
  • Modern flat in good condition
  • Allocated parking
  • Heating and hot water provided by combi boiler
  • Close to amenities in Earley area
     

Accessibility

D – Easy Access

Compatible with the design standards in Mobility Standard Housing (1974) produced by the DoE and Housing Corporation Scheme Development Standards (pre-1999) and Part M of Building Regulations (2000). The main features of these properties include a level approach to the entrance, wider doorways and more space than in general needs housing. These properties may also have an internal flight of stairs and if so, there is enough space to accommodate future provision of a stair lift subject to technical feasibility.


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Share price
£ 86,000
Min. £86,000
Share percentage
Min. 40%
Your deposit
Min. £4,300
Monthly cost*
£726
Cost breakdown
£183
Rent
£128
Service charge
£415
Mortgage*
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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.