Sold STC
£95,000

1 bed flat for sale in Beatty Rise, Spencers Wood, Reading, Berkshire, RG7 (ref:555363)

Shortlist

Key Features

  • 50% share of ownership available for £95,000
  • 970 years remaining on lease
  • Monthly payable amount on other share * £414.95
  • Allocated parking
  • One double bedroom with built in storage
  • Entrance hall with two large storage cupboards
  • Kept to a high standard throughout
  • Excellent proximity to local amenities
  • Short drive to Reading town
  • Complete chain above

Video

A fantastic opportunity to purchase your first home with this opportunity on shared ownership.
Information on share-
The total monthly charges payable to So Resi as follows:
Monthly service charge- £102.49
50% rental monthly charge- £313.46
*Monthly payable amount £414.95
To be eligible for shared ownership, your combined annual household income (before tax) has to be under £80,000.

Sellers view -
I have absolutely loved living here and it will be a sad moment to see it go. This fabulous apartment was my first home and was perfect for me and for many years after. It's a very spacious one bedroom apartment, something I struggled to find elsewhere and comes with great storage cupboards. It really is somewhere I got to call my own and gave me the opportunity to get onto the property ladder. Another bonus is that it comes with a secured outside shed, more storage which has been utilised since living here. Everyone in the block has been really lovely and have made good connections over the time I have been here. I can see a first time buyer enjoying this home as much as I have... I really can't fault it.

Agents view -
Shared ownership properties don't come up often and when they do, they are in high demand, especially this a one bedroom ground floor apartment. This is an ideal home for first time buyers, looking to get onto the housing ladder at a 50% shared ownership basis. The great thing is with this route, is that in time, if plausible, the home owner can look to purchase further shares.
The apartment block is tucked nicely away in the development and this particular home, being ground floor, offers a great sense of space and light, which we all look for when purchasing a property. The hallway has plenty of storage and wooden flooring which carries through into the living room, with the double bedroom, plenty spacious enough which also include fitted wardrobes and space to add freestanding. The bathroom is well presented and sizeable with a shower over the bath. The kitchen and living room certainly has been designed with the best intention and is a great space for socialising and/ or that down time we all need. It's a fabulous starter home and you can see how much the current sellers have loved being there. A great opportunity for someone to purchase.

Area view -
Located just south of the M4, Spencers Wood enjoys many rural benefits but with excellent connectivity and amenities nearby. With many green spaces nearby including Langley Mead with over 18 hectares of countryside along the banks of the River Loddon, it's a great space for all to enjoy. Dobbies Garden centre is a short walk away which also has Sainsbury's for all your daily essentials. The 8 & 9 bus route runs directly outside the property offering affordable access into Reading in 30 minutes.

Stamp duty due

Based on a sale price of £95,000 the total amount of stamp duty payable will be:

*

Last updated: The calculator has been updated to reflect changes in stamp duty following the Mini Budget on 23rd September 2022.

* This value is based on the standard rate and not applicable to first-time buyers or buy-to-let / second home buyers.

Property Images

1 bed flat for sale in Beatty Rise, Reading 0

Media image 00

1 bed flat for sale in Beatty Rise, Reading 1

Media image 01

1 bed flat for sale in Beatty Rise, Reading 2

Media image 02

1 bed flat for sale in Beatty Rise, Reading 3

Media image 03

1 bed flat for sale in Beatty Rise, Reading 4

Media image 04

1 bed flat for sale in Beatty Rise, Reading 5

Media image 05

1 bed flat for sale in Beatty Rise, Reading 6

Media image 06

1 bed flat for sale in Beatty Rise, Reading 7

Media image 07

Further Details

  • Status: Sold STC
  • Tenure: Leasehold
  • Tags: Garden, Parking and/or Driveway, Shed / Garden Room
  • Reference: 555363

Location