2 bed flat for sale

Teal Court, Reading, Berkshire RG2

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

The property on the first floor comprises an entrance hall with storage, a spacious living room with a modern kitchen and dining area, two good-sized bedrooms and a bathroom.

Outside, there is a private balcony accessible from the living room, a shared garden area, and allocated off-street parking. Perfect for couples and small families.

Available for £180,000 for 60% share based on the marketing figure of £300,000.

Monthly rent - £176.50
Monthly Service Charge - £174.70
Total Monthly Charge - £351.20 plus mortgage required for 60% 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 flat is located in a residential area, around 1.5 miles northwest of Arborfield Green Centre and benefits from convenient access to the M4.

A bus stop is just a short 5 minute walk away, and Wokingham and Winnersh train stations can both be reached in only 11 minutes by car - ideal for commuters and access to railway services.

A local supermarket is just a 12 minute walk away, and a larger one can be reached in only 5 minutes by car.

In addition, there are 9 schools within a 10 minute drive. Perfect for families with small children.

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.