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2 bedroom apartment for sale

Available

Ruskin, Hendley Road, RG4 6LF

£62,500 · Shared Ownership New Build

Share percentage 25%, full price £250,000, £6,250 Min Deposit.

Available

2 bedrooms

Floor plan

£62,500 Shared Ownership New Build · Eligibility Eligibility

Share percentage 25%, full price £250,000, £6,250 Min Deposit.

Monthly Cost: £1,418
Rent £926, Service charge £176, Mortgage £316*

Calculated using a representative rate of 4.59%

Calculate estimated monthly costs

Deposit Min £6,250 £

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Eligibility

You may be eligible for this property if: -You must be at least 18 years old -Your annual household income must be less than £80,000 -You are unable to purchase a suitable home to meet your housing needs on the open market -You should generally be a first time buyer. If you already own a property, you must be in the process of selling or have already sold it before you can apply Please note that applicants will be expected to purchase the maximum share that is sustainable for them.

Summary

Fantastic 2-bedroom apartment with communal garden in Berkshire.

Description

Property Reference Number: 1639317

This spacious 2-bedroom apartment has its own car parking space, communal garden and secured bike storage.

The property is surrounded by green open space for rural walks as well as the River Thames. Caversham Town Centre is a 20 minute walk away with a community feel, and home to a decent shopping precinct, supermarkets and pharmacies. There's also a good selection of charming cafes, pubs and restaurants.

Reading train station is 1.7 miles away servicing the Elizabeth Line, South Western Railway, GWR, and Cross Country trains.

Nearest stations: Reading (1.7 miles)

Bus routes nearby: 23

Key features:

Car parking space
Zanussi integrated hob
Secured bike storage
Communal garden

What happens after I register my interest?

You will receive an email confirmation that will confirm next steps including how to book a viewing, completing a financial assessment with a mortgage advisor and completing a Shared Ownership Application Form.
If you don’t receive this email within an hour of your registration, please check your spam or junk folders and set your spam filter to allow incoming emails from Peabody. If you still haven’t received the email, please contact [email protected] and our team will be able to help you.

What is Resale Shared Ownership?

Through Shared Ownership you can buy up to 75% of the property, paying a low-cost rent on the remaining unpurchased 'share' of the home. What's more, your mortgage deposit is based on the value of the share you buy, not the full market value, making these homes even more affordable than buying through private sale. With resale properties, you must purchase your first share at the percentage the existing leaseholder owns or more.

Financial information
Tenure: Leasehold
Remaining lease term: 80 years
Annual ground rent amount: N/A
Ground rent review period: N/A
Annual service charge amount: £2,1110.92
Service charge review period: Annually
Council tax band: C
*Financial information correct as of 20.06.24

Particulars

Tenure: Leasehold
Lease Length: No lease length specified. Please contact provider.
Council Tax Band: C

Property Downloads

Floor Plan Energy Certificate

Map

Reading Station (1.17 miles) Reading West (1.94 miles) Earley (2.49 miles)

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Monthly Cost Calculator

The ‘estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together: rent, service charge and mortgage.

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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.

£62,500

Shared Ownership New Build

Estimated Monthly Cost:£1,418

Rent £926

Service Charge £176

Mortgage £316

Share percentage 25%, full price £250,000, £6,250 Min Deposit. Calculated using a representative rate of 4.59%

Your Deposit Min £6,250 £

Peabody New Homes

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Disclaimer

The information displayed about this property comprises a property advertisement. Share to Buy ltd makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Share to Buy has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by the sponsoring housing association. Please contact the housing association or estate agent directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007.