2 bedroom apartment for sale
The Meridian, Kenavon Drive, RG1 3DP
Share percentage 30%, full price £275,000, £4,125 Min Deposit.
Share percentage 30%, full price £275,000, £4,125 Min Deposit
Monthly Cost: £1,462
Rent £772,
Service charge £230,
Mortgage £460*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
Summary
A 2 bed shared ownership property available in Reading, Berkshire
Description
Stylish Two-Bedroom Apartment in Central Reading – Available Through Shared Ownership.
This bright and modern two-bedroom, two-bathroom apartment is ideally located in a peaceful residential pocket of Reading town centre. Set on the third floor, the home offers a perfect blend of comfort and convenience, just moments from shops, green spaces, and excellent transport links.
Property Highlights:
- Spacious open-plan living/dining area with a contemporary fitted kitchen
- Two well-proportioned bedrooms, including a master with en-suite
- Main bathroom and additional built-in storage in the entrance hall
- Access to communal grounds and secure bike storage
Available for £82,500 for 30% share based on the marketing figure of £275,000.
Monthly rent - £771.73
Monthly Service Charge - £230.26
Total Monthly Charge - £1,001.99 plus mortgage required for 30% share.
An annual rent increase takes place every April
LocationPrime Location Perks:
- Walking distance to The Oracle Shopping Centre, riverside restaurants, and the high street
- Buzz Gym (open 24/7) is just a 5-minute walk; Tesco Extra within 10 minutes
- Surrounded by nature, with the River Kennet, King's Meadow, and Thames & Kennet Marina nearby
Unbeatable Connectivity:
- Reading Station is approx. 0.6 miles away (15-minute walk), offering:
- Direct GWR services to London Paddington in just 35 minutes
- Access to the Elizabeth Line for travel into central London in under an hour
- Easy access to the A329(M) and M4 (Junction 10) for commuters
Family-Friendly:
Several well-rated schools are located nearby, many within walking distance, making this an ideal home for small families or couples planning ahead.
Energy rating band - C
Environmental impact band - C
Years remaining on lease: 103
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 apartment
- Ensuite bedroom
- Excellent travel links
- Amenities nearby
- Available for 30% 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 30%, full price £275,000, £4,125 Min Deposit. Calculated using a representative rate of 5.03%
