Princess Marina Drive, Reading, Berkshire, RG2

This bright and charming two bedroom semi detached house is now available in Arborfield Green, Reading, through Shared Ownership.

The property boasts of a spacious living room with a open plan kitchen and a WC on the ground floor. On the first floor, there is are two double bedrooms and a bathroom. Additionally, there is a spacious loft, with an integrated ladder, this space can be used as extra storage.

Outside, there is a rear garden and allocated parking for two vehicles. Perfect for couples and small families.

Available for £121,500 for 30% share based on the marketing figure of £405,000.

Monthly rent - £771.45
Monthly Service Charge - £83.82
Total Monthly Charge - £855.27 plus mortgage required for 30% share.

On certain properties, service charges may be billed in different frequencies. For the purposes of illustration, our advertisement will state the equivalent monthly charge. Where charges are not billed monthly, purchasers will be informed before proceeding.

An annual rent increase takes place every April

Location

The property is located in a residential area of Reading, offering a quiet setting with strong local amenities. Everyday conveniences such as local supermarkets, cafés, independent shops and a community centre are within a 5–10 minute walk or short cycle. The area is well served by green spaces, walking trails and recreational grounds, with gyms and sports facilities close by. Healthcare services including GP surgeries, dental practices and pharmacies are easily accessible within the local community or a short drive into central Reading.

EPC rating

Energy rating band - B

Environmental rating band - B

Other information

How we allocate Shared Ownership homes

We offer homes on a first-come, first-served basis, as long as you meet all the eligibility criteria. Sometimes, we give priority to people who live or work in the same area as the home. This is based on rules set by the local authority. All Shared Ownership providers must publish an allocations policy, which explains how they decide who gets a home.

If the home is managed by SO Resi and MTVH

You can read the Shared Ownership allocation policy on the MTVH website. SO Resi is the Shared Ownership brand of MTVH, a housing association.

If the home is managed by another provider

Visit their website to find their allocation policy. Contact us if you have any questions.

In certain cases, the remaining length of the lease on a property can impact the availability of mortgages to prospective purchasers and the future saleability of the home. We recommend that you speak to your solicitor and your financial advisor to ensure that the lease length is suitable for your needs.