1 bedroom apartment for sale
Cranford Mews, , RG1 6HD
Share percentage 55%, full price £195,000, £10,725 Min Deposit.
Share percentage 55%, full price £195,000, £10,725 Min Deposit.
Monthly Cost: £834
Rent £188,
Service charge £105,
Mortgage £541*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
Summary
A 1 bed shared ownership property available in Reading, Berkshire
Description
Spacious ground floor flat in Reading available for sale through the Shared Ownership Scheme. The property comprises one double bedroom, a bright and airy living area, a separate fitted kitchen, a bathroom with WC, and a hallway. Externally the property offers allocated parking space and a private garden.
Minimum income required: £37,505
This is reduced if a larger deposit is available.
More shares can be purchased, from a minimum of 5%.
Available for £107,250 for 55% share based on the marketing figure of £195,000.
Monthly rent - £187.57
Monthly Service Charge - £105.45
Total Monthly Charge - £293.02 plus mortgage required for 55% share.
An annual rent increase takes place every April
Layout and dimensionsGround Floor:
Communal entrance lobby
Private entrance hall with fitted airing cupboard
Kitchen:
1.83 x 3.01
Bedroom
fitted cupboard
2.91 x 3.94
Bathroom with WC
Reception room:
3.65 x 3.94
Outside:
Private garden accessed via the kitchen. Communal bin store. Allocated parking space
Years remaining on lease: 123
The remaining length of the lease on a property can impact the availability of mortgages to prospective purchasers and the future saleability of the home. We recommend that you speak to your solicitor and your financial advisor to ensure that the lease length is suitable for your needs.
EPC ratingEnergy Rating Band - D
Environmental Impact Band - D
All room dimensions are approximate.
Please note figures given for the rent and service charge are correct at the time of marketing. There is an annual increase that takes place in April. Please contact us for more information.
Key Features
- One bedroom
- Ground floor
- Allocated parking space
- Communal grounds
- Short walk to Reading station
- Close to Broad Street Mall
- Available for 55% 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 55%, full price £195,000, £10,725 Min Deposit. Calculated using a representative rate of 4.59%
