2 bedroom house for sale
Princess Marina Drive, Reading, RG2 9GR
Share percentage 45%, full price £395,000, £8,888 Min Deposit.
Share percentage 45%, full price £395,000, £8,888 Min Deposit.
Monthly Cost: £1,319
Rent £275,
Service charge £54,
Mortgage £990*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
Summary
A 2 bed shared ownership property available in Reading, Berkshire
Description
Modern and spacious end-of-terrace house now available south of Reading through Shared Ownership.
The property was built in 2021 and comprises a wide living room, an open plan kitchen and two bedrooms on the second floor. This could be ideal for a family.
There is also a private rear garden and two off-street allocated parking space.
Key Information Document
Available for £177,750 for 45% share based on the marketing figure of £395,000.
Monthly rent - £275.12
Monthly Service Charge - £54.39
Total Monthly Charge - £329.51 plus mortgage required for 45% share.
An annual rent increase takes place every April
LocationThe property is located in Aborfield Green, south of Reading, in a tranquil residential area and surrounded by natural green areas.
All amenities are available in the town centre, just a few minutes' drive away, and Reading in less than half an hour away.
There are several schools in the area, just a short drive away.
EPC ratingEnergy rating band - B
Environmental impact band - B
Years remaining on lease: 122
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 end-of-terrace house
- Modern building (2021)
- Private rear garden
- Two off-street allocated parking
- Available for 45% share
- 5% minimum deposit only
Particulars
Tenure: Not specified
Council Tax Band: Not specified
Property Downloads
Key Information Document 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 £395,000, £8,888 Min Deposit. Calculated using a representative rate of 5.03%
