Shared ownership is another way to buy your own home. You buy a percentage, and pay rent on the rest. The housing association owns part of it — but you’re living there, you decorate it, and you decide when to sell.
Buying a percentage means a smaller deposit and smaller mortgage. It’s a sooner first step on the ladder for lots of people. Usually, you can also carry on buying shares, to own it 100%.
Read more about Shared ownership (Opens in new window)
Deardon Way, 3 bed homes
SO Resi is offering an end terrace house for shared ownership sale in Reading. At ground floor level the accommodation comprises of entrance lobby, living room, dining kitchen, rear lobby and cloakroom. At first floor level there are three bedrooms and a bathroom. The property has an enclosed rear garden. Allocated parking space. Additional visitor parking.
A three bedroom house available through our Shared Ownership Scheme.
Available for £157,500 for 50% share based on a market value of £315,000
SO Resi Monthly Payment - £699.12
Monthly Service Charge - £30.22
Total Monthly Charge - £729.34 PLUS MORTGAGE REQUIRED FOR 50% SHARE
4.66 x 3.75m
Kitchen / Dining room:
4.11 x 3.25m
Good range of base and wall units
Space for washing machine and fridge freezer
Includes the following appliances:
- Electric hob
Useful under stair cupboard
Cloakroom with WC
Access to rear garden
Landing with airing cupboard
Bathroom with WC
Shower over bath
2.56 x 4.30m
4.54 x 2.55m
2.12 x 3.34m
Enclose rear garden
Additional visitor parking
Energy Rating Band - C
Environmental Impact Band - C
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.