2 bedroom house for sale
Gilbert Close, Arborfield Green, RG2 9QS
Share percentage 40%, full price £395,000, £7,900 Min Deposit.
Share percentage 40%, full price £395,000, £7,900 Min Deposit.
Monthly Cost: £1,576
Rent £610,
Service charge £86,
Mortgage £880*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
Summary
A 2 bed shared ownership property available in Reading, Berkshire
Description
Modern, bright & spacious two-bedroom semi-detached house now available in Arborfield Green through Shared Ownership.
The property comprises a wide living room with access to a private rear garden, an open-plan fitted kitchen, and two large bedrooms on the second floor. This could be ideal for a small family.
The house is made of a newly built construction (circa 2020); it has two allocated parking spaces and a small frontal area.
Key Information Document
Available for £158,000 for 40% share based on the marketing figure of £395,000.
Monthly rent - £610.25
Monthly Service Charge - £85.85
Total Monthly Charge - £696.10 plus mortgage required for 40% share.
An annual rent increase takes place every April
LocationThe property sits in a small tranquil residential area in Arborfield, south of Reading.
All amenities are nearby in Arborfield, with more in Reading's town centre, about a 20-minute drive away. Green and natural areas surround the property, with many golf courses nearby.
Road travel is also convenient, thanks to the M4, just a 15-minute drive away.
There are also several schools in the area, some of which are only about a mile away.
EPC ratingEnergy rating band - B
Environmental impact band - B
Years remaining on lease: 122
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
- Two-bedroom semi-detached house
- Private rear garden
- Two storeys
- Two allocated parking spaces
- Available for 40% share
- 5% minimum deposit only
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 £395,000, £7,900 Min Deposit. Calculated using a representative rate of 5.03%
