1 bed flat for sale

Caversham Road, Reading, Berkshire RG1

This superb modern home is available to buy from as little as £122,500 with a 70% share!

Located on the fourth floor of six and presented in excellent condition throughout, this well-appointed apartment offers a stylish and convenient living experience in one of Reading's most sought-after locations. The accommodation features a bright and well-proportioned reception room, a separate fitted kitchen, a comfortable bedroom and a modern bathroom, making this an ideal opportunity for those looking to take their first step onto the property ladder.

Sitting on Caversham Road, the property enjoys an enviable position just moments from the heart of Reading town centre, with its wide array of shops, restaurants and cafés all within easy reach. The Oracle Shopping Centre and Broad Street Mall are both close by, offering everything from everyday essentials to leisure and dining, while a choice of supermarkets including Sainsbury's, Waitrose and Tesco are all conveniently nearby. For culture and entertainment, The Hexagon theatre and the Museum of Reading are also within the RG1 area.

Transport links are outstanding. Reading Station is yards away, providing frequent and fast rail services to London Paddington, with the Elizabeth line offering onward connections across the capital. The Station North Interchange is just a short walk away, with numerous bus routes serving the wider Reading area and beyond, making this a truly exceptional choice for commuters.
Pricing & affordability


Full Market Value: £175,000

70% Share Price: £122,500 (rent £169.34pcm)
Minimum 5% Mortgage Deposit (70% share): £5,600
Approximate Service Charges: £66.94pcm*
Lease: 170 years
Eligibility


Shared Ownership gives first time buyers and those that do not currently own a home the opportunity to purchase a share in a new build or resales leasehold property. The purchaser pays a mortgage on the share they own and pays rent to a housing association on the remaining share. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright although this is not a guarantee.

To be eligible for shared ownership you would need to meet the following criteria:

• Your annual household income does not exceed £80,000
• You have a deposit of at least 5% of the share value
• You do not own another property or have your name on the deeds or a mortgage for a property worldwide.
• This will be your only residence.
• You are a permanent UK resident or have indefinite right to remain.

*Service charges are estimated and may subject to change. Rent and service charges will be reviewed annually by your housing provider, usually on 1st April each year.

** This home can also be purchased outright (100% of the value) which is £175,000 and a purchaser would not need to meet the eligibility criteria listed above.