2 bedroom apartment for sale
Ducketts Mead, Shinfield, RG2 9GY
Share percentage 45%, full price £221,000, £4,973 Min Deposit.
Share percentage 45%, full price £221,000, £4,973 Min Deposit.
Monthly Cost: £1,060
Rent £396,
Service charge £110,
Mortgage £554*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
Summary
A 2 bed shared ownership property available in Reading, Berkshire
Description
Well-presented two-bedroom ground-floor apartment in Reading is available for sale through the Shared Ownership Scheme. The property comprises a large double bedroom, a secondary single bedroom, an open-plan lounge/dining room next to a well-fitted kitchen, and one bathroom with a bathtub and shower over bath. Externally the property has access to communal grounds and parking.
Available for £99,450 for 45% share based on the marketing figure of £221,000.
Monthly rent - £396.24
Monthly Service Charge - £109.87
Total Monthly Charge - £506.11 plus mortgage required for 45% share.
An annual rent increase takes place every April
Layout and dimensionsEntrance Hall
Lounge/kitchen:
7.30m x 3.80m (kitchen width 2.90m)
Bedroom 1:
4.60m x 2.80m
Bedroom 2:
4.60m x 2.30m
Bathroom/WC:
2.10m x 1.70m
GIA Approximately 60.00m²
Years remaining on lease: 84
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 - C
Environmental Impact Band - C
Key Features
- Two bedrooms
- Ground floor
- Allocated parking
- Close to local amenities including gyms, Asda and Coop
- 5% deposit
- Available for 45% 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 45%, full price £221,000, £4,973 Min Deposit. Calculated using a representative rate of 5.03%
