Share Price £70,000 (from 40% Min. Share)

Full Value £175,000 | £3,500 Min. Deposit

Scheme: Shared Ownership Resales

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1 bedroom apartment in Reading - Reading

place Ashdene Gardens, Berkshire, RG30 2EP

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


Description

Full Description

Spacious one bedroom flat on in Central Reading, RG30. The property comprises of a hallway with storage cupboards, modern fitted kitchen and diner with lounge, bathroom with shower over bath, large double bedroom with fitted wardrobe. Included allocated parking spot. Less than 5 minutes away from local shops. Within established residential in Southcote to the west of Reading.

Available for £70,000 for 40% share based on the marketing figure of £175,000

SO Resi Monthly Payment - £382.67
Monthly Service Charge - £120.69
Total Monthly Charge - £503.36 PLUS MORTGAGE REQUIRED FOR 40% SHARE

Minimum income requirement - £25,849

Buy more shares for a minimum of 10%

Property Details

Hallway:

Kitchen:
1.91m x 3.31m

Reception:
4.67m x 3.35m

Bathroom:
3 piece suite with shower over bath

Bedroom 1:
4.44m x 3.06m

External:
Development grounds
1 allocated parking space

Gross Internal Area: 46m²

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
  • Second floor
  • Good condition
  • Double glazed windows
  • One allocated parking
  • Available for 40% share

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Calculate Monthly Cost

Share price
£ 70,000
Min. £70,000
Share percentage
Min. 40%
Your deposit
Min. £3,500
Monthly cost*
£853
Cost breakdown
£383
Rent
£121
Service charge
£349
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.