2 bedroom apartment for sale
Lancaster Court, Newstead Rise, RG2 8JX
Share percentage 30%, full price £200,000, £3,000 Min Deposit.
Share percentage 30%, full price £200,000, £3,000 Min Deposit.
Monthly Cost: £742
Rent £368,
Service charge £32,
Mortgage £342*
Calculated using a representative rate of 5.26%
Calculate estimated monthly costs
Summary
A 2 bed shared ownership property available in Reading, Berkshire
Description
Stylish, bright & spacious two-bedroom maisonette now available in Reading through Shared Ownership.
The property comprises a wide living room, an open-plan fitted kitchen, and two good-sized bedrooms. This could be ideal for a small family or a couple.
The maisonette is on the ground floor, with stairs leading up to the living room; allocated parking is available.
Available for £60,000 for 30% share based on the marketing figure of £200,000.
Monthly rent - £368.41
Monthly Service Charge - £32.12
Total Monthly Charge - £400.53 plus mortgage required for 30% share.
An annual rent increase takes place every April
LocationThe property sits in a tranquil residential area in Whitley, south of Reading, and is close to Reading's town centre, about a 10-minute drive away, where there's also the railway station.
Road travel is quite convenient, thanks to the M4 and the A329(M), just a 10-minute drive away.
All amenities are nearby, thanks to the property being situated in the high street of Shinfield Road, with pubs, restaurants and shops, with more in the shopping centre in Reading's town centre.
There are also several schools in the area, some of which are within walking distance
EPC ratingEnergy rating band - C
Environmental impact band - D
Years remaining on lease: 124
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 maisonette
- Allocated parking
- Close to motorways
- Schools nearby
- Available for 30% 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 30%, full price £200,000, £3,000 Min Deposit. Calculated using a representative rate of 5.26%
