Share Price £60,000 (from 25% Min. Share)

Full Value £240,000 | £6,000 Min. Deposit

Scheme: Shared Ownership Resales

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2 bedroom apartment in Reading - Reading

place Park View, RG2 0BX

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Catalyst Housing resales

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Two bedroom Flat on the 3rd floor in Reading is available now on a part-buy/part-rent scheme. Approx. 83 years remaining on the lease.


Eligibility

ELIGIBILITY:
To be eligible for this property you must be earning a household income of at least £37,815 with a deposit of £6,000 and live or work in the Reading authority area.


Description

LOCATION:
The property is located in Park View in the Borough of Reading. All usual shops and amenities are within reasonable proximity. The M4 road is readily available. The closet train station is Reading, which is around one and half miles away.

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.

OPEN DAY

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


Key Features

Bedroom 1 – approx. (4.09 x 3.10m2)
Double room, windows, fitted carpet, wall mounted radiator and power sockets.

Bedroom 2 – approx. (3.63m x 3.43m)
Double room, double glazed window, fitted carpet, wall mounted radiator and power sockets.

Bathroom/WC1
Spacious white shower unit/bath hand basin & low level W.C.

Kitchen – approx. (3.63m x 2.39m)
Doubled glazed window, ample low & high level units, plumbed in washing machine, space for electric cooker & fridge freezer.

Lounge – approx. (7.19m x 3.15m)
Double glazed window, carpeted & wall mounted radiator.

Energy Efficiency Rating – C
Environmental Rating – C


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Calculate Monthly Cost

Share price
£ 60,000
Min. £60,000
Share percentage
Min. 25%
Your deposit
Min. £6,000
Monthly cost*
£1,022
Cost breakdown
£632
Rent
£131
Service charge
£259
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.