2 bedroom apartment for sale
Thorney House, Drake Way, RG2 0GZ
Share percentage 40%, full price £255,000, £5,100 Min Deposit.
Share percentage 40%, full price £255,000, £5,100 Min Deposit.
Monthly Cost: £1,294
Rent £548,
Service charge £178,
Mortgage £568*
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 and spacious apartment now available in Reading now available through Shared Ownership.
The property comprises a wide living room with access to a private balcony, a fitted kitchen and two bedrooms, one of them being ensuite.
Allocated off-street parking space is available.
Available for £102,000 for 40% share based on the marketing figure of £255,000.
Monthly rent - £548.07
Monthly Service Charge - £177.81
Total Monthly Charge - £725.88 plus mortgage required for 40% share.
An annual rent increase takes place every April
LocationThe property sits in a tranquil residential area and is close to Reading's town centre, less than 10 minutes away by car.
Several amenities are nearby, thanks to a retail centre next to a stadium and supermarkets just a few minutes drive away.
There are also bus stations nearby, which allow to move around by public transport.
Road travel is quite convenient, thanks to the M4 being less than 10 minutes away.
There are also several natural and green areas nearby, thanks also to the close proximity of River Kennet.
EPC ratingEnergy rating band - C
Environmental impact band - C
Years remaining on lease: 83
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
- Private balcony
- Modern building (2007)
- Off-street parking
- 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 £255,000, £5,100 Min Deposit. Calculated using a representative rate of 5.03%
