2 bedroom house for sale
Collins Drive, , RG6 5AE
Share percentage 40%, full price £375,000, £7,500 Min Deposit.
Share percentage 40%, full price £375,000, £7,500 Min Deposit.
Monthly Cost: £1,201
Rent £319,
Service charge £46,
Mortgage £836*
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, modern two-bedroom terraced house in Reading. The property comprises two double bedrooms, living room space with doors to a large private garden, modern fitted kitchen with space for a dining table. On the second floor, there is a family bathroom with a shower over the bath. The property alsobenefits from off-road parking for 1 car.The enclosed garden to the rear has external access from the side. The garden is laid to shingle and paving. The property would be perfect for a family.
KID Document
Available for £150,000 for 40% share based on the marketing figure of £375,000.
Monthly rent - £319.26
Monthly Service Charge - £46.44
Total Monthly Charge - £365.70 plus mortgage required for 40% share.
An annual rent increase takes place every April
Lease informationYears remaining on lease: 117
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 ratingPC Rating
Energy Rating Band - B
Environmental Impact Band - B
Key Features
- Two bedrooms
- Garage
- Garden
- Off-road parking for 1 car
- Close to amenities in Earley area
- Travel links
- 5% Deposit
- Available for 40%
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 £375,000, £7,500 Min Deposit. Calculated using a representative rate of 5.03%
