2 bedroom apartment for sale
The Meridian, Kenavon Drive, RG1 3DP
Share percentage 30%, full price £285,000, £4,275 Min Deposit.
Share percentage 30%, full price £285,000, £4,275 Min Deposit.
Monthly Cost: £1,487
Rent £796,
Service charge £215,
Mortgage £476*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
Summary
A 2 bed shared ownership property available in Reading, Berkshire
Description
Bright & spacious two-bedroom apartment now available in Reading through Shared Ownership.
The property comprises a wide living room, a brand new boiler and open-plan fitted kitchen, and two large bedrooms, one being ensuite and with a Juliette balcony. This could be ideal for a small family or a couple.
All the windows are facing the river and with a fantastic view.
The flat is on the fifth floor; it has allocated parking space and a shared garden area.
Available for £85,500 for 30% share based on the marketing figure of £285,000.
Monthly rent - £795.54
Monthly Service Charge - £214.59
Total Monthly Charge - £1,010.13 plus mortgage required for 30% share.
An annual rent increase takes place every April
LocationThe property is in a tranquil residential area in Reading's town centre, with all amenities. A shopping centre is just around the corner, while the high street is just minutes away.
The area is also full of nature, thanks to the River Kennet and the parks along the River Thames, such as King's Meadow or around the Thames and Kennet Marina.
Reading also has a railway station, about 15 minutes away, where a train or the Elizabeth Line can lead to London in less than an hour.
The motorways A329(M) and M4 are also quite close to the development.
There are also several schools in the area, many of which are within walking distance.
EPC ratingEnergy rating band - C
Environmental impact band - D
Years remaining on lease: 104
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 apartments
- Ensuite bedroom
- Parking on-site
- Located in the city centre
- 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 £285,000, £4,275 Min Deposit. Calculated using a representative rate of 5.03%
