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2 bedroom apartment for sale

Available

29 Monarch Drive, Shinfield, RG2 9EW

£60,000 · Shared Ownership Resale

Share percentage 25%, full price £240,000, £6,000 Min Deposit.

Available

2 bedrooms

Floor plan

£60,000 Shared Ownership Resale · Eligibility Eligibility

Share percentage 25%, full price £240,000, £6,000 Min Deposit

Monthly Cost: £1,205
Rent £695, Service charge £207, Mortgage £303*

Calculated using a representative rate of 4.59%

Calculate estimated monthly costs

Deposit Min £6,000 £

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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

A fantastic 2-bedroom apartment with allocated parking now available in Wokingham.

Description

Property reference number: 1639740

Please be advised that this property is currently available for applicants who live or work in the borough of Wokingham. This is a Local Authority nomination requirement to help another buyer on to the property ladder using Shared Ownership.

Located in the peaceful area of Shinfield, Monarch Drive offers great accessibility with excellent transport links. Earley and Reading Green Park stations are within easy reach, providing quick and direct access to Reading town center, London Paddington, and beyond. The property also benefits from allocated parking, ensuring convenience for residents.

In terms of local amenities, a short walk will take you to the Shinfield Arms pub, perfect for a relaxed evening out. The nearby Co-Op and Post Office cater to your day-to-day needs, while Crumbs Café, also within walking distance, is ideal for a coffee or a bite to eat. This home combines convenience and comfort, offering everything you need close by.

Closest stations: Reading Green Park (2.6 miles), Earley (2.2 miles)
Bus routes nearby: Leopard No3 (Reading & Wokingham)

Key features:
- Private communal garden
- Communal playground
- Secured bike storage
- Allocated parking

Financial information
Tenure: Leasehold
Remaining lease term: 81 years
Annual ground rent amount: £0
Ground rent review period: Applicable upon final staircasing
Annual service charge amount: £2,483.28
Service charge review period: Annually
Council tax band: C

*Financial information correct as of 03/04/25

Particulars

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

Property Downloads

Floor Plan Energy Certificate

Map

Earley (2.27 miles) Winnersh Triangle (2.74 miles) Winnersh Station (3.16 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.

£60,000

Shared Ownership Resale

Estimated Monthly Cost:£1,205

Rent £695

Service Charge £207

Mortgage £303

Share percentage 25%, full price £240,000, £6,000 Min Deposit. Calculated using a representative rate of 4.59%

Your Deposit Min £6,000 £

Peabody New Homes

View properties by this developer

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.