2 bedroom apartment for sale
Ducketts Mead, Reading, RG2 9GY
Share percentage 45%, full price £230,000, £5,175 Min Deposit.
Share percentage 45%, full price £230,000, £5,175 Min Deposit.
Monthly Cost: £1,205
Rent £457,
Service charge £171,
Mortgage £577*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
Summary
A 2 bed shared ownership property available in Reading, Berkshire
Description
Residential modern apartment now available in south Reading through Shared Ownership.
The property comprises a wide living room with a semi-separate kitchen, two bedrooms, a bathroom and plenty of storage rooms. This could be ideal for a couple or a small family.
Allocated parking is available, as well as shared bins and bike stores.
Available for £103,500 for 45% share based on the marketing figure of £230,000.
Monthly rent - £457.40
Monthly Service Charge - £171.31
Total Monthly Charge - £628.71 plus mortgage required for 45% share.
An annual rent increase takes place every April
LocationThe apartment is situated 3 miles south of Reading town centre and benefits from close proximity to the M4. There are 12 schools within 1 mile. The nearest train station is Earley (2.0 miles).
EPC ratingEnergy rating band - B
Environmental impact band - B
Years remaining on lease: 987
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 apartment
- Residential area
- Allocated parking
- Bike stores
- Available for 45% 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 45%, full price £230,000, £5,175 Min Deposit. Calculated using a representative rate of 5.03%
