2 bedroom apartment for sale
Millers Court, , RG4 5JX
Share percentage 50%, full price £225,000, £11,250 Min Deposit.
Share percentage 50%, full price £225,000, £11,250 Min Deposit.
Monthly Cost: £1,025
Rent £297,
Service charge £160,
Mortgage £568*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
Summary
A 2 bed shared ownership property available in Reading, Berkshire
Description
Spacious two-bedroom ground floor apartment in Reading. Property comprises private entrance hall with fitted cupboard, kitchen, reception from, two large bedrooms, and a bathroom with shower over bath. The property also benefits from communal gardens, allocated parking, and visitors parking.
Minimum income required: £41,142
This is reduced if a larger deposit is available.
More shares can be purchased, from a minimum of 10%.
Available for £112,500 for 50% share based on the marketing figure of £225,000.
SO Resi Monthly Payment - £296.98
Monthly Service Charge - £160.48
Total Monthly Charge - £457.46 plus mortgage required for 50% share.
Read more about our Covid-19 update:https://soresi.co.uk/covid-19-message-resale
Layout and dimensionsBedroom 1: 3.38 x 2.98
Bedroom 2: 3.43 x 2.41
Kitchen: 4.16 x 2.97
Reception room: 4.16 x 4.31
EPC ratingEnergy Rating Band - C
Other informationAll room dimensions are approximate.
Please note figures given for SO Resi monthly payment and service charge are correct at the time of marketing. There is an annual increase that takes place. Please contact us for more information.
Key Features
- Two bedroom
- Ground floor
- Communal Gardens
- Allocated parking
- Visitor parking
- Available for 50% share
Particulars
Tenure: Not specified
Council Tax Band: Not specified
Property Downloads
Floor PlanMap
The ‘estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together: rent, service charge and mortgage.
- 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 and repairs for communal areas within your development.
- Mortgage: Share to Buy use a database of mortgage rates to work out the rate likely to be available for the deposit amount shown, and then generate an estimated monthly plan on a 25 year capital repayment basis.
NB: This mortgage estimate is not confirmation that you can obtain a mortgage and you will need to satisfy the requirements of the relevant mortgage lender. This is not a guarantee that in practice you would be able to apply for such a rate, nor is this a recommendation that the rate used would be the best product for you.
Share percentage 50%, full price £225,000, £11,250 Min Deposit. Calculated using a representative rate of 4.59%
