Shared Ownership in Reading, Berkshire. 1 bedroom Flat

  • £195,000

    Equity share: 35% / £68,250

Jeffrey Place
Houses For Sale Shared Ownership

Shared Ownership in Reading, Berkshire. 1 bedroom Flat

Jeffrey Place
  • £195,000

    Equity share: 35% / £68,250

Property Overview

  • Flat
  • Property Type
  • 1
  • Bedroom
  • 1
  • Bathroom

Property Description

Shared Ownership

This superb modern home is available to buy from as little as £68,250 with a 35% share!

A spacious top floor apartment, situated in a highly sought after location and just a short walk from both Caversham and Reading centre along with Reading mainline train station which provides access to the Elizabeth Line and direct fast trains into London Paddington. The accommodation includes an open plan lounge/kitchen/diner with a Juliet balcony, a double bedroom and bathroom.

Reading is one of the south east’s largest towns only 25 minutes from London Paddington by train, with trains running every five minutes or so, Reading is home to many of the city’s commuters. Reading also has easy links by road or rail to Swindon, Oxford, Basingstoke, Heathrow and farther afield.

Beyond the hive of commercial activity, Reading is nestled in the heart of Royal Berkshire offering beautiful riverside walks on the Thames and tow path ambles on the Kennet and Avon canals and with the nearby Berkshire Downs and Chilterns, beautiful countryside is never far away. Reading offers a rich mix of shops and markets. In the heart of the town, The Oracle has chic boutiques within a minute’s walk there are many high-street favourites including John Lewis and Marks & Spencer. There are restaurants, cafes and brasseries to suit every taste in Reading. Plus there are numerous bars and restaurants on the Oracle Riverside.

PRICING & AFFORDABILITY

Full Market Value: £195,000

35% Share Price: £68,250 (rent £359.86 pcm)
Minimum 5% Mortgage Deposit (35% share): £3,413
Approximate Service Charges: £164.70pcm*
Shared Ownership Lease: approx. 182 years
Council Tax Band: B

ELIGIBILITY

Shared Ownership gives first time buyers and those that do not currently own a home the opportunity to purchase a share in a new build or resales leasehold property. The purchaser pays a mortgage on the share they own and pays rent to a housing association on the remaining share. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright although this is not a guarantee.

To be eligible for shared ownership you would need to meet the following criteria:

• Your annual household income does not exceed £80,000
• You have a deposit of at least 5% of the share value
• You do not own another property or have your name on the deeds or a mortgage for a property worldwide.
• This will be your only residence.
• You are a permanent UK resident or have indefinite right to remain.

*Service charges are estimated and may subject to change. Rent and service charges will be reviewed annually by your housing provider, usually on 1st April each year.

Property Address

Open on Google Maps
  • Address Jeffrey Place
  • City Reading
  • County Berkshire
  • Postal Code RG1 7AY

Details

Updated on May 3, 2024 at 12:08 pm
  • Property ID: MS-124524
  • Rental Amount Per Month: £360/Month
  • Bedroom: 1
  • Bathroom: 1
  • Property Type: Flat
  • Property Status: Houses For Sale, Shared Ownership
  • Estimated Monthly Service Charge (£): 164.70
  • Value Of The Equity Share: 35% / £68,250
  • Overall Property Value: £195,000
  • Tenure: Leasehold
  • Length of Lease: 182

Contact SOWN about: Shared Ownership in Reading, Berkshire. 1 bedroom Flat

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