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12 Sutton Close, Earley, Reading, RG6 1FS

Shared ownership

Sutton Close, Earley, Reading, RG6 1FS

Sale under offer
Shared ownership
Photo of 12 Sutton Close, Earley, Reading, RG6 1FS
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from

£186,000

with min. deposit

£9,300

40% Share from
£186,000
Full market price
£465,000
Minimum deposit
£9,300
Monthly rent
£656
Monthly service charge
£79.94

3 bedroom semi-detached house

A beautiful modern 3 bedroom home in the heart of Reading has just hit the market. This property is the perfect home for a first time buyer and a new family. The bedrooms are all very spacious with plenty of room for storage space and double beds. There is one family bathroom upstairs with a bath and shower that is very well kept with modern tiles and there is also a downstairs toilet. The living area is a great space that sits by the double doors to the garden that let in plenty of natural sun light. The garden has a large patio, perfect for entertaining guests in the summer. Finally the kitchen is complete with modern cabinets and …

Features

Bedrooms3
Bathrooms2
Reception rooms1
Furniture statusunfurnished
Floor area97.2
Number of floors2
Entrance floorGround floor
Tenureleasehold
Lease years121
EER Current88
EER Potential88
EIR Current89
EIR Potential89

from

£186,000

with min. deposit

£9,300

40% Share from
£186,000
Full market price
£465,000
Minimum deposit
£9,300
Monthly rent
£656
Monthly service charge
£79.94
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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