3 bedroom house for sale
Fallows Road, , RG7 4GU
Share percentage 40%, full price £450,000, £9,000 Min Deposit.
Share percentage 40%, full price £450,000, £9,000 Min Deposit.
Monthly Cost: £1,701
Rent £660,
Service charge £38,
Mortgage £1,003*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
Summary
A 3 bed shared ownership property available in Reading, Berkshire
Description
Modern, spacious end terraced house in Reading is available for Shared Ownership. This home has two stories and comprises three double bedrooms, the main bedroom has the benefit of an en-suite shower room and dressing room. The kitchen is spacious with modern design, a large lounge with doors to the garden with a patio and grass, and a family bathroom with a bathtub. There is also the additional benefit of a garage and driveaway. A fantastic family home.
Available for £180,000 for 40% share based on the marketing figure of £450,000.
Monthly rent - £660.44
Monthly Service Charge - £37.56
Total Monthly Charge - £698.00 plus mortgage required for 40% share.
An annual rent increase takes place every April
Lease informationYears 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
- Three bedrooms
- End of terraced house
- Garage and driveway
- Good travel links
- En-suite shower room
- 5% deposit
- Available for 40% 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 40%, full price £450,000, £9,000 Min Deposit. Calculated using a representative rate of 5.03%
