1 bed flat for sale

Engineers Court, Reading, Berkshire RG2

Bright and modern one-bedroom apartment now available in Reading, through Shared Ownership.

The property features an entrance hallway, open-plan living room and kitchen, one bedroom and one bathroom.

The ground floor property offers residents ample storage, access to communal grounds and allocated parking.

The advertised lease length is subject to a simultaneous lease extension upon completion at no cost to the buyer.

Available for £46,250 for 25% share based on the marketing figure of £185,000.

Monthly rent - £412.48
Monthly Service Charge - £176.64
Total Monthly Charge - £589.12 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

Located in the vibrant city of Reading, this flat is perfectly situated to enjoy all that this thriving community has to offer. With easy access to local shops, restaurants, and parks, and excellent transport links to nearby cities, this 1-bedroom flat is the ideal choice for anyone looking to embrace the dynamic lifestyle of Reading while coming home to a bright and spacious retreat. Don't miss out on this wonderful opportunity to experience the best of urban living in a comfortable and stylish environment.

EPC rating

Energy rating band - B

Environmental rating 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.