2 bedroom flat for sale

Caversham Road, Reading, Berkshire, RG1

Shared ownership £87,500

Property Description

Key features

  • *87,500 for a 35% share*
  • Only 4,375 for a 5% deposit!
  • 35% share available under the shared ownership scheme
  • Viewing is highly recommended
  • Excellent starter home
  • Private balcony
  • Walking distance to public transport including Reading Overground station
  • Direct access on to Caversham Road and easy access to central Reading

Full description

Tenure: Leasehold, 87 years remaining

***Please quote JEF414 when enquiring.***

- Introduction -
Step onto the property ladder with this 2 bed flat in Reading, a 5% deposit is only £4,375! You are spoilt for choice with the abundance of local amenities, leisure facilities, and excellent transport links. Could this be the starter home you've been waiting for?

- Full Description -
- 2 bedroom second floor flat.
- Entrance hall way with a storage cupboard and telephone entry system.
- Living room/kitchen (2.5m x 3.2m) benefits from French doors opening on to the private balcony. The kitchen has matching wall and base units with contrasting worktops. Electric cooker and a gas hub.
- Master bedroom (3.3m x 2.7m) with fitted wardrobes and a window to the rear aspect.
- Second bedroom (3.4m x 2.4m) has fitted wardrobes and a window to the front aspect.
- Bathroom (2.2m x 1.7m) has a bath with overhead shower, glass shower screen, wash basin and WC. Partially tiled walls and an extractor fan.
- Carpets are fitted to the living areas. Vinyl is laid to the kitchen and bathroom.
- Gas central heating.
- Balcony patio (2.7sq.m)
- Communal garden.
- Parking

- Costs -
2-BEDROOM FLAT (SECOND FLOOR)
PRICE - £87,500*
RENT - £380.61pm
SERVICE CHARGE - £119.67pm**
*This represents a 35% share of the full open market value of £250,000
**This includes: sinking fund, management charge, building insurance and service charge. Rent and service charges are reviewed annually.

- Eligibility Requirements -
The minimum household income requirement for this property is £27,347^.
If you will be obtaining a mortgage you will need at least £4,375 in savings (i.e. a 5% deposit).

If you will be purchasing with a mortgage you must provide us with an Agreement in Principle (AIP) to support your application. Evidence in support of your AIP (or proof of funds if cash buyers) must also be provided. Further details available on request.

In order to apply you must be registered with the local Help to Buy Agent - South, You will need to provide your HTB reference when completing the application process.

^If your deposit is more than 5% the minimum income requirements may be less. Please contact us for further details.

- General Information -
Tenure: Leasehold
Lease: 99 years from 1 January 2007
Years remaining on lease: 87 approx.
Approximate internal area: 52 sq. m.
Local Authority: Reading Borough Council
Council Tax Band: C
EPC Rating: 81 (C)

- Terms and Conditions -
***Applicants must have a local connection to Reading and be registered with Help to Buy South. Priority is given to first time buyers.***

- Viewings -
Viewings are held strictly by appointment - call today to arrange a mutually convenient time.

Applications are only accepted from those who have viewed the property. If you have viewed and would like to apply please register your interest with the Resales Team.


Energy Performance Certificates (EPCs)

Listing History

Added on Rightmove:
24 September 2019

Nearest stations

  • Reading (0.2 mi)
  • Reading West (0.6 mi)
  • Tilehurst (2.4 mi)
Distances are straight line measurements from centre of postcode

Nearest schools

Use the school checker

To view this property or request more details, contact:

Home Group, Re-Sales, Farringdon

Home Group Limited, Farringdon Point, 33 Farringdon Road, London, EC1M 3JF

0191 687 0268 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Reading (0.2 mi)
  • Reading West (0.6 mi)
  • Tilehurst (2.4 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Home Group, Re-Sales, Farringdon

Home Group Limited, Farringdon Point, 33 Farringdon Road, London, EC1M 3JF

0191 687 0268 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference JEF414. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Home Group, Re-Sales, Farringdon. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

* Average speeds are based on the download speeds of at least 50% of customers at peak time (8pm to 10pm) from packages available on comparethemarket.com. Speed can be affected by a range of technical and environmental factors. The speed you receive where you live may be lower than that listed above. You can check the estimated speed to your property prior to purchasing. Fibre/cable services at your postcode are subject to availability. You can confirm availability on the provider's website. Providers may increase charges. You should have the right to exit your contract without penalty if this happens. The information is provided and maintained by Decision Technologies Limited.

Map data OpenStreetMap contributors.