Palmer Street, RG1 3GX

SHARED OWNERSHIP

Full Market Value: £450,000

Share Value (25%): £112,500

Monthly Rent: £737.72

Service Charge: £326.33

Council Tax Band: D

990 year lease commenced in January 2021 - 986 years remaining

For a limited time, enjoy a £1,000 Ikea voucher to help with your move on this apartment*

The property, with its own front door, boasts a high specification open plan living area on the ground floor, featuring a Symphony kitchen with integrated appliances including fridge freezer and dishwasher. A washer dryer is housed in a separate utility cupboard/cloakroom. On the first floor there are two double bedrooms and two luxury bathrooms (one en suite) and ample storage. The property benefits from an allocated parking space and access to an Atrium Garden.

With a café, restaurant, local store, gym and 'Monkeymoos' nursery, as well as beautifully landscaped gardens to complement the riverside setting, Huntley Wharf will become an extension of the town centre. Follow the River Kennet to the town centre to find a host of shops, restaurants, bars and nightlife, all less than a mile away.

Reading's location in the Thames Valley, with its proximity to London, means the town plays a key role in the UK's transport system and attracts many commuters. Benefit from National Rail services into London Paddington in 25 minutes* and local services on the Elizabeth Line from Reading Central train station, and to other UK cities such as Bristol, Cardiff, Exeter, Birmingham and Southampton Central. The M4 connects Reading to Heathrow Airport and the rest of London, whilst other nearby towns and cities such as Oxford, Slough, Newbury and Guildford are easily accessible by road or rail.

The buyer will require a deposit to obtain a mortgage for this property.

To meet the requirements for this property we require as a guideline, a minimum household income of £60.917. If you are offered the home, your ability to afford this property will be assessed at your financial interview. Please note that applicants should purchase the maximum share that they can afford and sustain.

Only applicants who are registered with London and Quadrant will be eligible to be offered a property in one of our schemes. If you are not registered please visit our website www.lqhomes.comand register to obtain your unique reference number.

Your home is at risk if you fail to keep up repayments on a mortgage, rent or other loan secured on it. Please make sure you can afford the repayments before you take out a mortgage.

These particulars are of opinion only, are intended to give a fair description and do not form the basis of a contract. The descriptions and all other information are believed to be correct as of October 2024.

*The £1,000 Ikea voucher incentive is available for a limited time on all 2, 3 and 4 bedroom resales properties and is redeemable for any shared ownership purchase that completes on the sale within 6 months of receipt of the £500 reservation fee, and where the buyer is purchasing a higher share than is being sold. The vouchers (2 x £500) will be supplied within 75 days of completion of the purchase and will be E-Vouchers, issued by email to the sole or primary purchaser. Further terms and conditions may be in place from the voucher provider, and it is the purchaser's responsibility to satisfy themselves of any terms applicable. The voucher cannot be offset against any fees or monies due from the purchase. L&Q will not be responsible for direct payments to any lenders, or third parties. Should the seller find a buyer through an Estate Agent or L&Q for the full market value of the property, this offer will no longer apply. L&Q reserve the right to remove an incentive at any time. This incentive is for this property only and cannot be transferred to any other resales shared ownership property.