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3 bedroom apartment for sale

Available

Katesgrove Lane, Reading, RG1 2ND

£73,750 · Shared Ownership Resale

Share percentage 25%, full price £295,000, £3,688 Min Deposit.

Available
3 bedrooms
Floor plan
floor-plan
Floor plan
floor-plan
£73,750 Shared Ownership Resale

Share percentage 25%, full price £295,000, £3,688 Min Deposit

Monthly Cost: £850
Rent £321, Service charge £118, Mortgage £411*

Calculated using a representative rate of 5.03%

Calculate estimated monthly costs

£
Summary

A 3 bed shared ownership property available in Reading, Berkshire

Description

Spacious and cosy two-bedroom maisonette now available in Reading through Shared Ownership.

The property comprises a wide living room, a separate kitchen, a dining room and a small toilet on the ground floor. Upstairs, we can find two large bedrooms and another toilet. This could be ideal for a family.

The house has also been refurnished recently with all new kitchen appliances, a new bathroom and new double glazing windows.

There's also a rear garden/terrace, with plenty of green.

Available for £73,750 for 25% share based on the marketing figure of £295,000.

Monthly rent - £321.44
Monthly Service Charge - £118.46
Total Monthly Charge - £439.90 plus mortgage required for 25% share.

An annual rent increase takes place every April

Location

The property is situated in a residential area just minutes away from Reading's town centre.

The location is very convenient as all the amenities are nearby, with shops, restaurants and pubs all well within walking distance.

The railway station is also close by, about a 15-minute walk, where trains can lead to Oxford or London in less than an hour.

The A33 highway is also just around the corner, allowing to move around by car quickly, with the M4 motorway minutes away.

Plenty of schools nearby and within walking distance, making this house great and convenient for children.

EPC rating

Energy rating band - D
Environmental impact band - D

Lease information

Years remaining on lease: 85

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 maisonette
  • Private rear terrace
  • Separate kitchen & dining room
  • Available for 25% share
  • 5% minimum deposit only
Particulars

Tenure: Not specified
Council Tax Band: Not specified

Property Downloads
Floor Plan
Map
Reading Station (0.57 miles) Reading West (0.80 miles) Earley (2.46 miles)
Material Information

Total rooms:

Furnished: Enquire with provider

Washing Machine: Enquire with provider

Dishwasher: Enquire with provider

Fridge/Freezer: Enquire with provider

Parking: n/a

Outside Space/Garden: n/a

Year property was built: Enquire with provider

Unit size: Enquire with provider

Accessible measures: Enquire with provider

Heating: Enquire with provider

Sewerage: Enquire with provider

Water: Enquire with provider

Electricity: Enquire with provider

Broadband: Enquire with provider

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.

£73,750
Shared Ownership Resale
Estimated Monthly Cost:£850
Rent £321
Service Charge £118
Mortgage £411

Share percentage 25%, full price £295,000, £3,688 Min Deposit. Calculated using a representative rate of 5.03%


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.