2 bed Flat For Sale £250,000
Merchants Place, Reading RG1

He property:
Two bedroom 6th floor apartment in Reading is available now on a part-buy/part-rent scheme

gia: 52m2

Double Bedroom 1 (approx. 3.5m x 2.9m2)
Double glazed window, radiator.

Double Bedroom 2 (approx. (3.5m x 2.8m2)
Double glazed windows, radiator.

Bathroom/WC 1 (approx. 1.8 x 2.2m2)
Panel enclosed bath with shower over, wash hand basin and WC

Kitchen /Lounge (approx. 4.7m x 4.4m2)
Open plan with range of base & eye level storage units tiled splashback, stainless steel sink with matching taps, integrated stainless steel oven with gas hob & extractor hood. Bright lounge area with windows to the floor.

Storage Cupboard (approx. 0.7m x 0.8m2)

Approx. 85 years remaining on the lease.

Energy Efficiency Rating – B
Environmental Rating –

Viewings strictly by appointment only.
For further information or to book an appointment, please contact our Sales Team on: Or
Eligibility

Applicants from all boroughs may apply, however priority given to those who live or work in the Reading authority area.
Location

This property is ideally positioned for the Station and many shops, cinema and restaurants.
A perfect apartment for first time buyers, close to Royal Berkshire hospital.
Shared ownership

The scheme allows you to purchase the specified share of the property price, and pay a reduced rent on the share you do not own. You will have the opportunity to buy further shares (subject to affordability) at a later date. As a shared owner you will be an assured tenant until you own 100% of the shares for the property after which you will own the leasehold interest.

Sale Price and Equity
Full market value: £250,000 Monthly net rent: £652.08
Share available: 25% Monthly service charge: £197.30
Share price: £62,500
The rent review is every April. Quoted rental figures are based on the 2020/21 financial year