Basing House

1 bedroom homes in Reading, Hackney, RG30 1ES

Tenure Shared ownership
What is Shared Ownership?
Availability Available
Min share price from £76,000 for 40% share
Full price from £190,000
Min deposit from £3,800
Bedrooms 1
Bathrooms 1
Parking 1

Shared Ownership is a type of affordable home ownership when a purchaser takes out a mortgage on a share of a property and pays rent to a landlord on the remaining share.

For example, someone might buy a 50 per cent share in a property and pay rent to the landlord on the remaining 50 per cent. Purchasers then have the opportunity to ‘staircase’ up their share of the property, gradually increasing the proportion of their home that they own outright and therefore paying less rent on the remaining portion, until they own 100 per cent of their home.

Overview

Situated within easy reach of both Reading and Caversham centre including the main line train station and Reading West train station is this purpose built immaculate one bedroom 4th floor apartment. The apartment benefits from an open plan living room/ kitchen, bathroom, double glazing, one allocated parking space.

Local area information

Reading is a large town on the Thames and Kennet rivers in southern England. It’s known for the annual Reading Festival, an outdoor rock music event. Shops and riverside restaurants dot the town centre. The Reading Museum contains exhibits on the town’s history and displays a Victorian replica of the Bayeux Tapestry. The ruins of the 12th-century Reading Abbey lie beside Forbury Gardens, a Victorian formal garden.

 

Status Plot No. Floor Beds Min share price Eligibility
Available 56 Fourth 1 £76,000 View details

FAQ's

Min share price from: £76,000 for a 40% share
Full price from: £190,000
Minimum deposit from: £3,800
Monthly rent from: £234
Bedrooms: 1
Bathrooms: 1

There is only one available priced at £76,000 for a 40% share.

It’s the same as buying on the open-market but you’re buying a share of a property, so therefore pay a mortgage on the part you own.

An independent mortgage advisor can help suggest which type of mortgage might be best for you, based on your situation.

Leasehold, which is essentially the contract for the share you've bought.

It means you've got the right to keep your home for a certain number of years (usually at least 125), but the land belongs to someone else. Your lease also sets out how much you need to pay each month, your responsibilities while living there and all the details of your agreement with the housing association. Make sure you go through it and ask lots of questions.

Your solicitor can help you with this.

It all depends on your lease (your contract with the housing association) so check it thoroughly and ask questions before you buy.
Illustration by: James Halsall

Register Interest

Register your interest to be contacted by a housing provider. You will need to provide basic eligibility criteria during the register interest process.

Basing House

1 bedroom homes in Reading, Hackney, RG30 1ES

Tenure Shared ownership
What is Shared Ownership?
Availability Available
Min share price from £76,000 for 40% share
Full price from £190,000
Min deposit from £3,800
Bedrooms 1
Bathrooms 1
Parking 1

Shared Ownership is a type of affordable home ownership when a purchaser takes out a mortgage on a share of a property and pays rent to a landlord on the remaining share.

For example, someone might buy a 50 per cent share in a property and pay rent to the landlord on the remaining 50 per cent. Purchasers then have the opportunity to ‘staircase’ up their share of the property, gradually increasing the proportion of their home that they own outright and therefore paying less rent on the remaining portion, until they own 100 per cent of their home.

Location

Housing Provider

Trusted by

Southern Complete Moves Mayor or London National Housing Federation Moat Homes