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2 bedroom apartment for sale

Available

Alexandra Place, South Lake Crescent, RG5 3DW

£157,500 · Shared Ownership Resale

Share percentage 75%, full price £210,000, £15,750 Min Deposit.

Available
2 bedrooms
Floor plan
floor-plan
Floor plan
floor-plan
£157,500 Shared Ownership Resale · Eligibility Eligibility

Share percentage 75%, full price £210,000, £15,750 Min Deposit

Monthly Cost: £1,212
Service charge £417, Mortgage £795*

Calculated using a representative rate of 4.59%

Calculate estimated monthly costs

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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

This fantastic one bedroom apartment with a private balcony and underfloor heating is now available in Reading.

Description
Property reference number: 1639431
 
This spacious 2-bedroom apartment is conveniently located in the heart of Reading just a 15-minute drive away from reading station, offering direct trains into London Paddington and beyond. 
 
With Woodley just a 13-minute walk away and Reading City Centre just an 18-minute drive away, you have access to a variety of restaurants, shops and cafes. On top of this, there's a Sainsburys local just an 8-minute drive away for everyday needs. 
 
For nature lovers, there is plenty outdoor spaces to explore including Dinton Pastures Country Park close by. 
 
Nearest stations: Reading Railway Station (6 miles)
Bus routes nearby: 13, 14
 
Key features: 
- Communal garden
- Private balcony 
- Secured bike storage 
- Underfloor heating 
- Fitted wardrobe in master bedroom 
 
Financial information 
Tenure: Leasehold 
Remaining lease term: 112 years 
Annual ground rent amount: £0
Ground rent review period: No ground rent to pay until final staircasing.
Annual service charge amount: £4,999.92
Service charge review period: Annually 
Council tax band: D
*Financial information correct as of 24/10/2024
 
Particulars

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

Property Downloads
Floor Plan Energy Certificate
Map
Winnersh Triangle (0.59 miles) Earley (0.74 miles) Winnersh Station (1.40 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

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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.

£157,500
Shared Ownership Resale
Estimated Monthly Cost:£1,212
Rent £0
Service Charge £417
Mortgage £795

Share percentage 75%, full price £210,000, £15,750 Min Deposit. Calculated using a representative rate of 4.59%

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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.