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11 Sutton Close, Earley, Reading,RG6 1FS

Shared ownership

Sutton Close, Earley, Reading, RG6 1FS

Sale under offer
Shared ownership
Photo of 11 Sutton Close, Earley, Reading,RG6 1FS
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from

£209,250

with min. deposit

£10,463

45% Share from
£209,250
Full market price
£465,000
Minimum deposit
£10,463
Monthly rent
£567
Monthly service charge
£69.88

3 bedroom semi-detached house

This great house is in the perfect location just outside Reading City centre in Earley. Just a 5 minute drive down the road there is Earley train station that has direct links into London. Reading City Centre is also only a 10 minute drive away where there are plenty of shops, restaurants and bars to enjoy. If you want to escape from the city close by there is the beautiful Caversham Lakes that is a perfect family day out where you can enjoy a nice walk, paddle boarding or have some fun on the water assault course.

There are two large double bedrooms with plenty of room and big windows to let lots of natural light in. Up stairs there is also …

Features

Back Garden

On street/resident parking

Bedrooms3
Bathrooms1
Reception rooms1
Furniture statusunfurnished
Floor area97.2
Number of floors1
Entrance floorGround floor
Tenureleasehold
Lease years122
EER Current88
EER Potential88
EIR Current89
EIR Potential89

from

£209,250

with min. deposit

£10,463

45% Share from
£209,250
Full market price
£465,000
Minimum deposit
£10,463
Monthly rent
£567
Monthly service charge
£69.88
Complete Moves

Complete Moves

FAQs

Shared ownership is a government-backed scheme, designed to make stepping onto the property ladder more affordable. You buy a portion of a home normally with a mortgage and a deposit, and pay a low-cost rent on the rest.

Read more on the Shared Ownership FAQ

Help to Buy is an equity loan scheme to help you buy a new home. If you have a 5% deposit and can cover 75% of the value of the home with a mortgage (or 55% in London), the Government will lend you up to the remaining 20% (40% in London) in the form of an equity loan that carries 0% interest in the first 5 years. This is available on a variety of new-build properties for first time buyers and is subject to the property price, the subsequent price cap in that region and the developer offering the option.

You can read more on the Help to Buy FAQ

The rules for shared ownership are different to a private purchase. In short, as long as you don’t currently own, or won’t own another property when you move in to a new home, you’re likely to qualify. Help to Buy is available to first time buyers only and the property value itself must fall below a price threshold for that specific area which varies in terms of the average house price in the region.

Read more about eligibility in the FAQ

Some properties require you to live or work in the local area in order to be eligible to buy them. By knowing the areas in which you live and work, we can make sure you see everything available to you.

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