1 bedroom shared living/flatmate for sale

Overview

Shared OwnershipThis superb modern apartment is available to buy from as little as £76,000 with a 40% share!Offered to the market is this well-presented top floor apartment located within the Kennet Island development. The property benefits from having a double bedroom, a modern bathroom, an open plan kitchen/dining/living room and an allocated parking space.The home is situated in the popular area of Kennet Island which is ideally located for easy access to Reading Town Centre which offers a variety of high street and designer shops, cafes and riverside restaurants. Access to J11 of the M4 and A33 to Basingstoke are easily accessible., there is a regular bus service into Reading town centre and the Hilton Hotel with its fitness facilities are only a short walk away.PRICING & AFFORDABILITYApproximate Size 46 sq mFull Market Value: £190,00040% Share Price: £76,000 (rent £466.60pcm)Minimum 5% Mortgage Deposit (% share): £3,800Approximate Service Charges: £140.05pcm* Shared Ownership Lease: approx. 84 yearsCouncil Tax Band: CELIGIBILITYShared 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.** This home can also be purchased outright (100% of the value) which is £190,000 and a purchaser would not need to meet the eligibility criteria listed above. For more details and to contact: https://realtyww.info/rooms_1_drake-way-d362098/for-sale_i70872517

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