3 bedroom house for sale
Sheerlands Road, Arborfield, RG2 9ND
Share percentage 55%, full price £400,000, £11,000 Min Deposit.
Share percentage 55%, full price £400,000, £11,000 Min Deposit.
Monthly Cost: £1,890
Rent £593,
Service charge £72,
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
Traditional, bright & spacious three-bedroom semi-detached now available in Reading through Shared Ownership.
The property comprises a wide living room with access to a private rear garden, a separate kitchen, and three good-sized bedrooms; there's a WC facility on each floor. This could be ideal for a family.
There's also an additional external access from the garden and one allocated parking space at the rear.
The advertised lease length is subject to a simultaneous lease extension upon completion at no cost to the buyer.
Available for £220,000 for 55% share based on the marketing figure of £400,000.
Monthly rent - £592.65
Monthly Service Charge - £72.02
Total Monthly Charge - £664.67 plus mortgage required for 55% share.
An annual rent increase takes place every April
LocationThe property sits in a small tranquil residential area in Arborfield Green, 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 within walking distance.
EPC ratingEnergy rating band - C
Environmental impact band - C
Years remaining on lease: 100
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-bedroom semi-detached house
- Private rear garden
- External access from garden
- Two WCs
- Available for 55% 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 55%, full price £400,000, £11,000 Min Deposit. Calculated using a representative rate of 5.03%
