£82,500
2 bed flat for saleKenavon Drive, Reading, Berkshire RG1
2 beds
2 baths
1 reception
EPC Rating: C
Shared ownership
Leasehold
About this property
Modern third floor apartment
Two double bedrooms
Reading town centre
Two bathrooms
Permit parking available
Close to station
Shared Ownership
This superb modern home is available to buy from as little as £82,500 with a 30% share!
This third floor apartment is situated within Reading town centre with resident permit parking available. The property offers well presented accommodation – entrance hall with built in storage, two double bedrooms, two bathrooms, modern kitchen and living/dining room. The remaining lease is 103 years.
The property is only a short walk from all the local amenities, such as cinemas, shops, restaurants, local schools, hotels, and supermarkets, in the centre of Reading. It is also within a 10-minute walking distance to the Reading train station and close to the A33 highway.
Pricing & affordability
Full Market Value: £275,000
30% Share Price: £82,500 (rent £771.73pcm)
Minimum 5% Mortgage Deposit (% share): £4,125
Approximate Service Charges: £230.26pcm*
Lease: 103 years
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.
** This home can also be purchased outright (100% of the value) which is £275,000 and a purchaser would not need to meet the eligibility criteria listed above.
This superb modern home is available to buy from as little as £82,500 with a 30% share!
This third floor apartment is situated within Reading town centre with resident permit parking available. The property offers well presented accommodation – entrance hall with built in storage, two double bedrooms, two bathrooms, modern kitchen and living/dining room. The remaining lease is 103 years.
The property is only a short walk from all the local amenities, such as cinemas, shops, restaurants, local schools, hotels, and supermarkets, in the centre of Reading. It is also within a 10-minute walking distance to the Reading train station and close to the A33 highway.
Pricing & affordability
Full Market Value: £275,000
30% Share Price: £82,500 (rent £771.73pcm)
Minimum 5% Mortgage Deposit (% share): £4,125
Approximate Service Charges: £230.26pcm*
Lease: 103 years
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.
** This home can also be purchased outright (100% of the value) which is £275,000 and a purchaser would not need to meet the eligibility criteria listed above.
More information
Tenure
Leasehold (103 years)
Service charge
£2,763 per year
Council tax band
A band has not yet been confirmed.
Ground rent
Ground rent date of next review
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