£82,500
Est. Mortgage £413 per month*
2 bedroom flat for sale
Reading, Berkshire
flat 
2 bedrooms Property description
Shared Ownership
This superb modern home is available to buy from as little as £82,500 with a 30% share!
This third floor apartment is situated within Reading town centre with resident permit parking available. The property offers well presented accommodation – entrance hall with built in storage, two double bedrooms, two bathrooms, modern kitchen and living/dining room. The remaining lease is 103 years.
The property is only a short walk from all the local amenities, such as cinemas, shops, restaurants, local schools, hotels, and supermarkets, in the centre of Reading. It is also within a 10-minute walking distance to the Reading train station and close to the A33 highway.
PRICING & AFFORDABILITY
Full Market Value: £275,000
30% Share Price: £82,500 (rent £771.73pcm)
Minimum 5% Mortgage Deposit (% share): £4,125
Approximate Service Charges: £230.26pcm*
Lease: 103 years
ELIGIBILITY
Shared Ownership gives first time buyers and those that do not currently own a home the opportunity to purchase a share in a new build or resales leasehold property. The purchaser pays a mortgage on the share they own and pays rent to a housing association on the remaining share. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright although this is not a guarantee.
To be eligible for shared ownership you would need to meet the following criteria:
• Your annual household income does not exceed £80,000
• You have a deposit of at least 5% of the share value
• You do not own another property or have your name on the deeds or a mortgage for a property worldwide.
• This will be your only residence.
• You are a permanent UK resident or have indefinite right to remain.
*Service charges are estimated and may subject to change. Rent and service charges will be reviewed annually by your housing provider, usually on 1st April each year.
* This home can also be purchased outright (100% of the value) which is £275,000 and a purchaser would not need to meet the eligibility criteria listed above.
This superb modern home is available to buy from as little as £82,500 with a 30% share!
This third floor apartment is situated within Reading town centre with resident permit parking available. The property offers well presented accommodation – entrance hall with built in storage, two double bedrooms, two bathrooms, modern kitchen and living/dining room. The remaining lease is 103 years.
The property is only a short walk from all the local amenities, such as cinemas, shops, restaurants, local schools, hotels, and supermarkets, in the centre of Reading. It is also within a 10-minute walking distance to the Reading train station and close to the A33 highway.
PRICING & AFFORDABILITY
Full Market Value: £275,000
30% Share Price: £82,500 (rent £771.73pcm)
Minimum 5% Mortgage Deposit (% share): £4,125
Approximate Service Charges: £230.26pcm*
Lease: 103 years
ELIGIBILITY
Shared Ownership gives first time buyers and those that do not currently own a home the opportunity to purchase a share in a new build or resales leasehold property. The purchaser pays a mortgage on the share they own and pays rent to a housing association on the remaining share. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright although this is not a guarantee.
To be eligible for shared ownership you would need to meet the following criteria:
• Your annual household income does not exceed £80,000
• You have a deposit of at least 5% of the share value
• You do not own another property or have your name on the deeds or a mortgage for a property worldwide.
• This will be your only residence.
• You are a permanent UK resident or have indefinite right to remain.
*Service charges are estimated and may subject to change. Rent and service charges will be reviewed annually by your housing provider, usually on 1st April each year.
* This home can also be purchased outright (100% of the value) which is £275,000 and a purchaser would not need to meet the eligibility criteria listed above.
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First listed
Over a month agoEnergy Performance Certificate
Reading, Berkshire
Marketed by
SOWN - National Crowthorne House, Nine Mile Ride Wokingham RG40 3GZCall agent on 023 8221 9179
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Monthly repayment
Based on a 25 year mortgage, with a 10% deposit and a 4.50% interest rate.
Reading, Berkshire - Streetview
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