1 bedroom apartment for sale
Engineers Court, Whitley Wood Lane, RG2 8AQ
Share percentage 50%, full price £195,000, £4,875 Min Deposit.
Share percentage 50%, full price £195,000, £4,875 Min Deposit.
Monthly Cost: £1,064
Rent £297,
Service charge £211,
Mortgage £556*
Calculated using a representative rate of 5.26%
Calculate estimated monthly costs
Summary
A 1 bed shared ownership property available in Reading, Berkshire
Description
Introducing a delightful, bright, and spacious 1-bedroom flat in the heart of Reading, offering a comfortable and inviting living space for those seeking a cozy urban retreat.
Available for £97,500 for 50% share based on the marketing figure of £195,000.
Monthly rent - £296.78
Monthly Service Charge - £211.04
Total Monthly Charge - £507.82 plus mortgage required for 50% share.
An annual rent increase takes place every April
LocationLocated in the vibrant city of Reading, this flat is perfectly situated to enjoy all that this thriving community has to offer. With easy access to local shops, restaurants, and parks, and excellent transport links to nearby cities, this 1-bedroom flat is the ideal choice for anyone looking to embrace the dynamic lifestyle of Reading while coming home to a bright and spacious retreat. Don't miss out on this wonderful opportunity to experience the best of urban living in a comfortable and stylish environment.
EPC ratingEnergy rating band - CEnvironmental impact band - BLayout and dimensionsGross internal floor area: 61.9m²Living room: 6.10 x 4.6mKitchen: 2.74 x 2.57mBedroom 1: 3.78 x 3.66mLease informationYears remaining on lease: 975
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.
Other informationThe advertised lease length is subject to a simultaneous lease extension upon completion at no cost to the buyer.
Key Features
- One bedroom
- Allocated off-street parking
- Shared garden area
- Gas central heating
- Allocated for 50% share
- 5% minimum deposit
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 £195,000, £4,875 Min Deposit. Calculated using a representative rate of 5.26%
