This superb modern home is available to buy from as little as £120,000 with a 50% share!
Situated in a convenient central Reading location, this well-proportioned two-bedroom second-floor apartment offers spacious and practical accommodation throughout and is offered for sale with no onward chain. The property benefits from allocated underground parking and comprises a welcoming entrance hallway with useful storage cupboards, a generous reception room with access to a winter balcony, and a separate fitted kitchen. There are two double bedrooms, with the principal bedroom benefiting from an en-suite shower room, alongside a further family bathroom.
Kennet Street is ideally positioned within easy reach of Reading town centre, offering an excellent selection of shops, restaurants, cafés and leisure facilities. The popular Oracle Shopping Centre provides an extensive range of retail and dining options, while nearby riverside walks along the River Kennet and Thames offer attractive outdoor spaces. Reading also benefits from a variety of cultural attractions, entertainment venues and everyday amenities.
The property is well placed for commuters, with Reading railway station providing regular mainline services to London Paddington, Oxford and other major destinations, alongside Elizabeth line services into central London. Reading West station offers additional rail connections, while the nearby A4, A33 and M4 motorway provide convenient road access to London, Heathrow Airport and the wider Thames Valley.
PRICING & AFFORDABILITY
Full Market Value: £240,000
50% Share Price: £120,000 (rent £535.01pcm)
Minimum 5% Mortgage Deposit (50% share): £6,000
Approximate Service Charges: £319.29 pcm*
Shared Ownership Lease: 104 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 £240,000 and a purchaser would not need to meet the eligibility criteria listed above.
