2 bedroom house for sale
Longships Way, Reading, RG2 0FZ
Share percentage 40%, full price £345,000, £6,900 Min Deposit.
Share percentage 40%, full price £345,000, £6,900 Min Deposit
Monthly Cost: £1,389
Rent £525,
Service charge £95,
Mortgage £769*
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 modern and elegant terraced house is available in Reading through Shared Ownership.
The property features a separate kitchen, a living room with access to the garden, an entrance hallway, and a toilet on the ground floor.
On the first floor, there are two spacious bedrooms and a separate family bathroom. This home also includes one off-road parking space and an enclosed garden at the rear with a cosy veranda.
The advertised lease length is subject to a simultaneous lease extension upon completion at no cost to the buyer.
Available for £138,000 for 40% share based on the marketing figure of £345,000.
Monthly rent - £525.02
Monthly Service Charge - £94.96
Total Monthly Charge - £619.98 plus mortgage required for 40% share.
An annual rent increase takes place every April
LocationThe property is located in a tranquil residential area in Whitley, south of Reading, with a hospital nearby and some restaurants and pubs.
The city centre of Reading is less than 10 minutes away by car, and there are several bus stations in the area.
The football stadium is also nearby, with a multitude of shops and other restaurants.
Many green areas are also nearby, along with several schools available.
EPC ratingEnergy rating band - C
Environmental impact band - C
Years remaining on lease: 99
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.
Other informationThe advertised lease length is subject to a simultaneous lease extension upon completion at no cost to the buyer.
Key Features
- Two-bedroom terraced house
- Modern building (2010)
- Rear garden with veranda
- Allocated parking space
- Available for 40% share
- 5% minimum deposit only
Particulars
Tenure: Not specified
Council Tax Band: Not specified
Property Downloads
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 40%, full price £345,000, £6,900 Min Deposit. Calculated using a representative rate of 5.03%
