1 bed flat for sale

Gweal Avenue, Reading, Berkshire RG2

Bright and modern one bedroom flat now available in Reading through Shared Ownership.

The property on the ground floor features an entrance hallway, open plan living room and kitchen, one bedroom and one bathroom.

The property offers residents an allocated off-street parking space and double glazed glass windows.

Available for £38,250 for 25% share based on the marketing figure of £153,000.

Monthly rent - £505.55
Monthly Service Charge - £214.77
Total Monthly Charge - £720.32 plus mortgage required for 25% 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

Living in Reading offers convenient modern living within the popular Kennet Island area, ideally positioned for easy access to Reading town centre and the nearby Green Park business district. The development benefits from a selection of local amenities, including convenience stores, cafés, fitness facilities and nearby supermarkets, making everyday essentials easily accessible.

The property is well placed for commuters, with Reading Green Park railway station approximately 1.2 miles away, while Reading’s wider rail connections provide convenient travel towards London and destinations across the Thames Valley.

For motorists, Gweal Avenue is located close to the A33, providing a direct route towards Reading town centre and Junction 11 of the M4, offering convenient onward connections towards London, Newbury and the wider motorway network. With its combination of local amenities, commuter links and convenient access to central Reading, Gweal Avenue is an attractive location for those seeking a well-connected lifestyle.

EPC rating

Energy performance rating band - C

Environmental impact rating band - B

Other informationHow 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.