2 bedroom house for sale
Gilbert Close, Reading, RG2 9QS
Share percentage 30%, full price £420,000, £6,300 Min Deposit.
Share percentage 30%, full price £420,000, £6,300 Min Deposit
Monthly Cost: £1,449
Rent £712,
Service charge £35,
Mortgage £702*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
Summary
A 2 bed shared ownership property available in Reading, Berkshire
Description
This bright, modern, spacious two-bedroom semi-detached house is now available in Reading through Shared Ownership.
The property comprises of an entrance hall, a living room with a modern open-plan kitchen, two double bedrooms, a bathroom and a toilet.
Outside, there is off-road parking for two cars. And a rear garden with a patio area. Perfect for couples and families.
Available for £126,000 for 30% share based on the marketing figure of £420,000.
Monthly rent - £711.96
Monthly Service Charge - £34.78
Total Monthly Charge - £746.74 plus mortgage required for 30% share.
An annual rent increase takes place every April
LocationThe property sits in a small tranquil residential area in Arborfield, south of Reading.
All amenities are nearby in Arborfield, with more in Reading's town centre, about a 20-minute drive away. Green and natural areas surround the property, with many golf courses nearby.
Road travel is also convenient, thanks to the M4, just a 15-minute drive away.
There are also several schools in the area, some of which are only about a mile away.
EPC ratingEnergy rating band - B
Environmental impact band - A
Years remaining on lease: 121
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 bed semi-detached house
- Modern kitchen
- Rear garden
- 2 off-road parking spaces
- Available for 30% share
- 5% minimum deposit only
Particulars
Tenure: Not specified
Council Tax Band: Not specified
Property Downloads
Key Information Document Floor PlanMap
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
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 30%, full price £420,000, £6,300 Min Deposit. Calculated using a representative rate of 5.03%
