2 bed flat for sale

Kennet Street, Reading, Berkshire RG1

This bright, open two bedroom flat is now available in Reading through Shared Ownership.

The property is located on the second floor of a five storey building. The flat comprises of a private entrance hall with fitted storage, two bedrooms (one en-suite) with fitted storage, a bathroom, a fitted kitchen and open planned reception room connected to a winter balcony.

Outside, there are communal grounds and areas, including bin and bike storage, as well as an underground allocated parking space.

Available for £135,000 for 50% share based on the marketing figure of £270,000.

Monthly rent - £535.01
Monthly Service Charge - £319.29
Total Monthly Charge - £854.30 plus mortgage required for 50% 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

This property is located within a residential development of mixed flats, with extensive shops, a railway station and other facilities available nearby at Reading town centre.

The nearest bus stops are just 2-3 minutes away, and Reading Train Station is a 14 minute walk - perfect for commuters, with direct trains reaching London in around 40 minutes. You’ll find a great mix of shops, cafés and local amenities including several supermarkets within a 12 minute walk, making everyday shopping easy and convenient.

In addition, there are 8 schools of various levels within an 8 minute drive (1.8‐mile radius), perfect for families.

Living in Reading means enjoying excellent transport links, a lively town centre, beautiful riverside walks and a great mix of shops, restaurants and entertainment.

EPC rating

Energy rating band - C

Environmental impact 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.