Share Price £120,000 (from 50% Min. Share)

Full Value £240,000 | £12,000 Min. Deposit

Scheme: Shared Ownership Resales

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1 bedroom apartment in Reading - Reading

place Mayer House, Chatham Place, RG1 7AN

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Catalyst Housing resales

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One bedroom flat in Reading is available now on a part-buy/part-rent


Eligibility

Must be earning a household income of at least £36,486 with a deposit of £12,000
Applicants from all boroughs may apply, howeverpriority will go to thosewho live or work in the Reading authority area.


Description

OPEN DAY - Saturday 23rd November 2019 - 11:00am – 2:00pm

Viewings strictly by appointment only. For further information or to book an appointment, please contact our Sales Team on: 0208 832 3247 or resale.staircasing@chg.org.uk

LOCATION

The property is located in Chatham Place in the Borough of Reading. The property is situated within a town centre location with some retailers on the ground floor. The property comprises of a one bedroom purpose built flat in a seven storey block of 47 flats. The property is close to many amenities, including shops, restaurants, the Oracle, schools, doctor surgery and the hospital. Commuting is very good due to being close to both Reading & Reading West stations, all Reading bus routes including rail, air and with direct access to the M4 A33 & A3290. The flat has a balcony, large cupboard, gas central heating. It also includes access to a shared bike lockup.

SHARED OWNERSHIP:
The scheme allows you to purchase the specified share of the property price, and pay a reduced rent on the share you do not own. You will have the opportunity to buy further shares (subject to affordability) at a later date. As a shared owner you will be an assured tenant until you own 100% of the shares for the property after which you will own the leasehold interest.

Approx. 88 years remaining on lease


Key Features

GIA: 45m2

Bedroom 1 – approx. (3.6m x 3.1m)
Double room, metal framed double glazed unit, carpeted floor, balcony access & radiator.

Bathroom/WC – approx. (2.2m x 2m)
New bathroom installed. White suite comprising of a shower & bath with mixer tap and shower over, low level W.C., housing basin.

Kitchen – approx. (2.9m x 2m)
Fitted with a range of wooden fitted tops & base with surfaces, single drainer sink unit with one bowl, wooden floor gas stove & electric oven

Lounge – approx. (3.7m x 4.3m)
Large room, carpeted, balcony access, open plan kitchen, metal framed double glazed unit & radiator.

Airing Cupboard – approx. (2.35m x 1.2m)
Walk-in airing cupboard.

Outside
No parking

Energy Efficiency Rating – C
Environmental Rating – B

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Calculate Monthly Cost

Share price
£ 120,000
Min. £120,000
Share percentage
Min. 50%
Your deposit
Min. £12,000
Monthly cost*
£932
Cost breakdown
£302
Rent
£113
Service charge
£517
Mortgage*
Calculated using a representative rate of 3.09%
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Catalyst Housing resales

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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.