This superb modern home is available to buy from as little as £114,000 with a 40% share!
Located on the first floor and presented in excellent condition throughout, this spacious apartment offers a truly flexible and modern living experience. The accommodation features an entrance hall that flows seamlessly into a generous open plan Kitchen, Living and Dining Room an ideal space for entertaining guests or relaxing in style.
The apartment boasts two well-proportioned bedrooms, with the principal bedroom offering ample space for a comfortable double bedroom setup, while the second bedroom is perfect as a guest room, nursery or home office. A family bathroom with a bath and overhead shower completes the accommodation.
Reading town centre is within easy reach, offering excellent rail connections to London Paddington and beyond, making this a perfect choice for commuters. The RG2 area benefits from a great range of local shops, restaurants and green spaces nearby, with excellent bus and road links connecting you across Reading and the wider area.
This is a fantastic opportunity to get on the property ladder in one of Berkshire's most well-connected towns.
PRICING & AFFORDABILITY
Full Market Value: £285,000
40% Share Price: £114,000 (rent £552.29pcm)
Minimum 5% Mortgage Deposit (40% share): £5,700
Approximate Service Charges: £150.59pcm*
Lease: 117 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 £285,000 and a purchaser would not need to meet the eligibility criteria listed above.
