Compass House, South Street Reading RG1 4GQ

A well-presented two bedroom second floor flat in Reading is available now on a part-buy/part-rent basis.

Reference number: RS29_4EQ

Share available: 50 %

Value of share for sale: £120,000

Open Day

23 February 2019 @ 11am - 3pm

Viewings strictly by appointment only.

020 8832 3372

resale.staircasing@chg.org.uk

 

A well-presented two bedroom second floor flat in Reading is available now on a part-buy/part-rent basis.

THE PROPERTY:

GIA – Approx 75m²

 

Bedroom 1 – Approx 13.5m²

  • Double with carpets
  • Fitted double wardrobes
  • Space for bedside tables

 

 

Bedroom 2 – Approx 6.95m²

  • Single with carpets
  • Space for wardrobe

 

 

Bathroom/WC – Approx 4.62m²

  • Suite with overhead shower in bath tub
  • Handwash basin and WC
  • Lino flooring

 

Kitchen – Approx 10.76m²

  • Open plan to lounge/dining area
  • Oven and hob with extractor fan
  • Space for washing machine
  • Lino Flooring

 

Lounge/Dining Area – Approx 23.0m²

  • Open plan to Kitchen
  • Space for 3 piece furniture suite & entertainment centre
  • Space for dining table and chairs
  • High ceilings and large window allowing plenty of natural light into the room
  • Oak wooden flooring

 

 

Other Features

  • Installation of a new combi boiler, addition of built-in oak wooden wardrobe in one of the bedrooms and upgrading to solid wooden flooring
  • Remaining lease term of approx. 82-years
  • Parking permit available on application at a fee of £30 per annum

 

*** Note: Cash for improvements in the sum of £1,000.00 is payable in addition to the 50% share of £120,000***

 

Energy Efficiency Rating – C

Environmental Rating – D

LOCATION:

  • The property is conveniently located less than half a mile from the Oracle in Reading town centre (approx. 5min walk) with access to over 80 stylish stores to explore including House of Fraser and a choice of stylish restaurant, bars and cafes plus a 11-screen Vue cinema showing the latest movies
  • Two schools situated within an approx. 0.3miles radius – Katesgrove primary school and Kendrick school – and less than approx. 2miles from Reading university
  • Reading station is the nearest railway station to the property (approx. 0.5milesaway) with transport links to London Paddington, Basingstoke, London Waterloo, Southampton Central and Manchester Piccadily to name a few
  • Nearest motorway links is approx. 2.2miles away with access to M4

ELIGIBILITY:

  • Household income of at least £40,374
  • Minimum deposit of at least £12,000
  • Priority will be given to those who live or work in the Reading local authority area.

 

SHARED OWNERSHIP:

 

The scheme allows you to purchase the specified share of the property price, and pay a reduced rent on the share you do not own. You will have the opportunity to buy further shares (subject to affordability) at a later date.

 

Property available from: Friday, 8 February, 2019

 
Full market property value
£240,000
Initial share in the property
50 %
Value of Share Purchased
£120,000
Likely required deposit
£12,000
Total unsold equity
£108,000
Monthly Costs
Rent
£446
Monthly Service Charge
£98
 

Open Day

23 February 2019 @ 11am - 3pm









**OPEN DAY**

Saturday 23 February 2019 11am – 3pm

Saturday 02 March 2019 11am - 3pm  

Viewings strictly by appointment only.

For further information or to book an appointment, please contact our Resales team on:

 

0208 438 1809 or email resale.staircasing@chg.org.uk


 

Register your interest

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