2 bed flat for sale

Teal Court, Reading, Berkshire RG2

This bright and spacious two bedroom flat is now available in Reading through Shared Ownership.

The property is situated on the second floor and comprises an entrance hall with integrated storage, an open-plan living and kitchen, two bedrooms, and a bathroom.

Outside, the property benefits from a private balcony.

Available for £108,500 for 35% share based on the marketing figure of £310,000.

Monthly rent - £286.84
Monthly Service Charge - £174.70
Total Monthly Charge - £461.54 plus mortgage required for 35% 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 with convenient access to Reading Town Centre, around a 20 minute drive away.

It is also just a 7 minute walk to the nearest bus stop, with bus journeys taking approximately 45 minutes into the town centre.

A large supermarket sits close by, only a 4 minute drive or a 22 minute walk - making everyday shopping quick and convenient.

Reading Town Centre itself is a vibrant hub with major shops at The Oracle and Broad Street Mall, a wide mix of independent stores, riverside restaurants, lively bars, theatres, museums, and green spaces such as Forbury Gardens.

EPC rating

Energy Rating Band - C
Environmental Impact Band - C

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.