Southend Road, Bradfield Southend, Reading

Shared Ownership

This home is available to buy from as little as £86,000 with a 40% share!

Situated in the sought-after village of Bradfield Southend, this well-proportioned two-bedroom maisonette offers spacious living and a peaceful, semi-rural setting.

Accessed via a private entrance, the ground floor has an entrance hall with understairs cupboard, stairs leading up to a dual aspect entrance hall, perfect for storage and then then the mainaccommodation is arranged over the first floor and includes two double bedrooms, a family bathroom, and a generous living/dining room that opens into a neatly designed kitchen tucked just around the corner – perfect for modern living with defined spaces.

Externally, the property benefits from an allocated parking space, access to a communal garden, and a private shed providing additional storage.

Located within a desirable village community, Lea House offers a great opportunity for first-time buyers, downsizers, or investors looking for a well-laid-out home in a charming and accessible location. Bradfield Southend enjoys a semi-rural feel while being just outside of Reading, offering the best of both worlds – countryside living with easy access to the town’s amenities, transport links, and employment hubs.

Please note: This property is subject to an 80% staircasing restriction, meaning the maximum share that can be purchased is 80%. Full ownership is not permitted.

PRICING & AFFORDABILITY

Approximate Size 42 sq m

Full Market Value: £215,000

40% Share Price: £86,000 (rent £295.63pcm)
50% Share Price: £107,500 (rent £246.35pcm)
75% Share Price: £161,250 (rent £123.18pcm)

Minimum 5% Mortgage Deposit (40% share): £4,300

Approximate Service Charges: £50.39 pcm*

Lease: this property will be given a new 125 year lease

ELIGIBILITY

The Shared Ownership scheme is a Part Buy, Part Rent way of owning your own home for a smaller up front payment. With Shared Ownership, you buy a share of your home using a mortgage from a bank or building society and pay a subsidised rent on the share you did not purchase. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright.

At Lea House you can buy a minimum 40% share of your home (the maximum you can buy initially is 75%). When you’re ready, you can buy more shares until you staircase to owning 80% of your home. PLEASE NOTE THAT THERE IS A TAIRCASING RESTRICTION WHICH MEANS YOU WILL NOT BE ABLE TO OWN MORE THAN AN 80% SHARE.

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

• Your 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.

Please note the minimum share you can purchase can vary depending on your financial situation and you may be asked to purchase a larger share, should your personal circumstances permit.

*Service charges are estimated and may subject to change.