1 bed flat for sale

Flat 14, 5 Nightingale Way, Reading RG30

Shared Ownership

This superb modern home is available to buy from as little as £84,000 with a 40% share!

Offered to the market with no onward chain, this one bedroom second floor apartment is set within a modern, purpose built development and benefits from one allocated parking space.

The property comprises a welcoming entrance hall leading through to a spacious open plan kitchen/living/dining area with doors to a 'Juliet' balcony, providing an excellent space for both everyday living and entertaining. There is a spacious double bedroom, alongside a contemporary bathroom. The apartment also benefits from good natural light throughout and a secure communal entrance.

This home enjoys a convenient position within West Reading. The area offers a range of local amenities including supermarkets, cafés, schools and leisure facilities, all within easy reach. Reading town centre is readily accessible, providing a wide selection of shops, restaurants and entertainment options. Excellent transport links are close by, with regular bus services into Reading and easy access to Reading West and Reading mainline train stations, offering fast connections to London Paddington, the Elizabeth Line, and beyond. Road users will also appreciate nearby access to the A4, A33 and M4, making this an ideal location for commuters.
Pricing & affordability


Full Market Value: £210,000

40% Share Price: £84,000 (rent £397.91pcm)
Minimum 5% Mortgage Deposit (40% share): £4,200
Approximate Service Charges: £109.45 pcm*
Lease: 121 years remaining
Eligibility


Shared 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. Rent and service charges will be reviewed annually by your housing provider, usually on 1st April each year.

** This home can also be purchased outright (100% of the value) which is £210,000 and a purchaser would not need to meet the eligibility criteria listed above.