The Meridian
Kenavon Drive, Reading, RG1 3DP
For sale
Shared ownership
Live from space album cover

Located within a modern development of similar flats close to shops and facilities at Reading town centre. Good access to A33 and M4 motorway....

Register interest

from £112,000 with min. deposit £5,600
Overview

A two bedroom ground floor flat located close to Reading town centre available through shared ownership. The accommodation comprises of entrance hall, kitchen, living room, two double bedrooms, en-suite shower room with wc to bedroom one and bathroom with wc. Outside there are well-kept communal areas including a garden and underground allocated parking. The property has electric radiator central heating.
 

Available for £112,000 for 40% share based on the marketing figure of £280000
Monthly SO Resi payment - £474.69
Monthly Service Charge - £176.77
Total Monthly Charge - £651.46 PLUS MORTGAGE REQUIRED FOR 40% SHARE

Property details:

Entrance Hall
Airing cupboard
Entry phone

Kitchen
3.57m x 1.87m
Good range of units
Built in cooker and electric hob. Space for fridge freezer and washing machine

Reception room
4.01m x 4.97m

Bedroom two
2.75m x 3.71m

Bedroom one
2.78m x 3.7m
Fitted cupboard (not included in room measurements)

En-suite shower room with WC
Three piece white suite including shower cubicle

Bathroom with WC
Three piece white suite
Shower over bath

Outside
Well-kept communal garden and areas
Communal bin and bike stores
Underground allocated parking space

EPC Rating:
Energy Rating Band - D
Environmental Impact Rating Band - D

All room dimensions approximate.

Please note figures given for SO Resi monthly payment and service charge are correct at time of marketing. There is an annual increase that takes place. Please contact us for more information.

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.
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.
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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