£104,000

This bright and cosy two bedroom apartment is now available in Reading through Shared Ownership.

The property on the first floor comprises an entrance hall with storage, a spacious living room, a modern kitchen, two bedrooms (one en-suite) and a bathroom.

Outside, there is allocated off-street parking. Ideal for couples and small families.

Available for £104,000 for 40% share based on the marketing figure of £260,000.

Monthly rent - £585.82
Monthly Service Charge - £228.34
Total Monthly Charge - £814.16 plus mortgage required for 40% share.

On certain properties, service charges may be billed in different frequencies. For the purposes of illustration, our advertisement will state the equivalent monthly charge. Where charges are not billed monthly, purchasers will be informed before proceeding.

An annual rent increase takes place every April

The property is set in a residential area just under 10 minutes by car from Reading town centre.

A range of amenities is within easy reach, including a retail park, stadium and supermarkets, all around a 5-10 minute drive away. The area is well connected, with nearby bus routes and quick access to the M4 in around 10 minutes.

There are also several green spaces close by, with the River Kennet nearby - ideal for relaxing walks and enjoying the outdoors.

Energy rating band - B
Environmental impact band - B

Years remaining on lease: 971

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.

How we allocate Shared Ownership homes

We offer homes on a first-come, first-served basis, as long as you meet all the eligibility criteria. Sometimes, we give priority to people who live or work in the same area as the home. This is based on rules set by the local authority. All Shared Ownership providers must publish an allocations policy, which explains how they decide who gets a home.

If the home is managed by SO Resi and MTVH

You can read the Shared Ownership allocation policy on the MTVH website. SO Resi is the Shared Ownership brand of MTVH, a housing association.

If the home is managed by another provider

Visit their website to find their allocation policy. Contact us if you have any questions.