1 bed Flat For Sale £155,000
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) later.
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.
Location
Great transport links.
Doctors Surgery nearby
Local Aldi, Lidl and Asda 20 minutes away
School nearby
gia – 52m2
Lease terms 87 years
Bedroom 1
· Double Room
Bathroom/WC
Kitchen
Lounge
Shared Ownership Tenure
Lease approx. 87 years
Council Tax Band: B
EPC Rating C
Full market value:£155,000
Share available:50%
£77,500
Monthly net rent:
£148.06
Monthly service charge:
£104.98
Council Tax rates payable:
£1,924.80
To be eligible for this property you must be earning a household income of at least £23564 per annum, with a minimum deposit of £3,875. Priority will be given to those who live or work in the Reading local authority area.
You should be at least 18 years old.
You should live or work in the Reading local area
Outside of London your annual household income must be less than £80,000
You cannot own another home. Shared Ownership purchasers are often first time buyers but if you do already own another property (either in the UK or abroad), you must be in the process of selling it.
You should not be able to afford to buy a home suitable for your housing needs on the open market.
You must show you are not in mortgage or rent arrears.
You must be able to demonstrate that you have a good credit history (no bad debts or County Court Judgements) and can afford the regular payments and costs involved in buying a home
Open day
3rd September 10.00 am – 2.00 pm
Viewings strictly by appointment only.
For further information or to book an appointment, please contact our Resales team on
email
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.
Location
Great transport links.
Doctors Surgery nearby
Local Aldi, Lidl and Asda 20 minutes away
School nearby
gia – 52m2
Lease terms 87 years
Bedroom 1
· Double Room
Bathroom/WC
Kitchen
Lounge
Shared Ownership Tenure
Lease approx. 87 years
Council Tax Band: B
EPC Rating C
Full market value:£155,000
Share available:50%
£77,500
Monthly net rent:
£148.06
Monthly service charge:
£104.98
Council Tax rates payable:
£1,924.80
To be eligible for this property you must be earning a household income of at least £23564 per annum, with a minimum deposit of £3,875. Priority will be given to those who live or work in the Reading local authority area.
You should be at least 18 years old.
You should live or work in the Reading local area
Outside of London your annual household income must be less than £80,000
You cannot own another home. Shared Ownership purchasers are often first time buyers but if you do already own another property (either in the UK or abroad), you must be in the process of selling it.
You should not be able to afford to buy a home suitable for your housing needs on the open market.
You must show you are not in mortgage or rent arrears.
You must be able to demonstrate that you have a good credit history (no bad debts or County Court Judgements) and can afford the regular payments and costs involved in buying a home
Open day
3rd September 10.00 am – 2.00 pm
Viewings strictly by appointment only.
For further information or to book an appointment, please contact our Resales team on
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