3 bedroom house for sale
Bodmin Road, Reading, RG5 3RZ
Share percentage 50%, full price £440,000, £11,000 Min Deposit.
Share percentage 50%, full price £440,000, £11,000 Min Deposit.
Monthly Cost: £1,587
Rent £326,
Service charge £36,
Mortgage £1,225*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
Summary
A 3 bed shared ownership property available in Reading, Berkshire
Description
A spacious, conveniently located three-bedroom semi-detached house is available for Shared Ownership. The property has been newly renovated and comprises a large living room with a fireplace, a beautifully decorated kitchen with blue cupboards that lead to a conservatory, and grass laid garden with patio space. The second floor has three bedrooms and a bathroom with a shower over a bath. There is also the additional benefit of 4 off-road parking spaces.
Available for £220,000 for 50% share based on the marketing figure of £440,000.
Monthly rent - £326.20
Monthly Service Charge - £36.06
Total Monthly Charge - £362.26 plus mortgage required for 50% share.
An annual rent increase takes place every April
LocationThe house is located approx. 1 mile south of the centre of Woodley and benefits from the main road links of the A329(M). There are 11 schools within 1 mile. The nearest train station is Earley (0.1 miles).
EPC ratingEnergy Rating Band - E
Environmental Impact Rating Band - E
The gross internal floor area amounts to approx. 71m² including restricted height area.
The accommodation comprises:
Ground floor:
• entrance hallway
• Lounge and dining room
• kitchen leading to the conservatory and on to the garden
• Bathroom with WC integral bath and electric shower
1st Floor:
• 3 bedrooms
The house is presented in good condition. The tone of the flooring is neutral throughout.
All windows are uPVC double-glazed casement units.
The current sharer owner has undertaken improvements and has requested that pre-and
post- improvement valuations are provided. The improvements are:
• new kitchen
• new bathroom
• conservatory installation
• uPVC double-glazed windows and door
• new boiler
• new soffits
• replacement flooring
• Block paving to the front car parking
Outside
The property has off-road parking for 4 to 5 cars along the front and side of the house. The enclosed garden to the rear is laid with lawn and paving.
Years remaining on lease: 99
In certain cases, 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.
Key Features
- Three bedrooms
- Semi-detached house
- Near Earley station
- Newly renovated
- 11 schools within 1 mile
- Off-road 4 cars along the front and side of the house
- Enclosed garden
- 5% Deposit
- 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 £440,000, £11,000 Min Deposit. Calculated using a representative rate of 5.03%
