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)

Gweal Avenue, 1 bed homes


Gweal Avenue, Reading, Reading, RG2 0FW

Shared ownership

Starting prices

25% share from
£51,250
Full price
£205,000
Minimum deposit
£2,563
Monthly rent
£369
Monthly service charge
£122

Overview

Key Features

  • One bedroom apartment
  • Second floor
  • Modern fitted kitchen
  • Good condition
  • Double glazed windows
  • Allocated parking space
  • Available for 25% share

Full Description

A one bedroom first floor located in Reading available through Shared Ownership in Reading Available for £51,250 for 25% share based on the marketing figure of £205,000

SO Resi Monthly Payment - £368.95
Monthly Service Charge - £122.27
Total Monthly Charge - £491.22 PLUS MORTGAGE REQUIRED FOR 25% SHARE

Property Details

Hallway:

Kitchen:
Modern fitted kitchen
2.37m x 2.4m + 1.39m x 0.8m

Lounge:
Open to kitchen
3.65m x 5.4m

Bathroom:
3 piece suite with shower over bath

Bedroom 1:
Wardrobe
3.1m x 2.64m + 1.07m x 1.7m + 1.58m x 0.65m

External:
1 allocated parking space

EPC Rating
Energy Rating Band - C
Environmental Impact Band - B


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.


Local area information

Within Kennet Island development with good access to road links and all amenities in Reading


Housing Provider

SO Resi
Shared ownership

Starting prices

25% share from
£51,250
Full price
£205,000
Minimum deposit
£2,563
Monthly rent
£369
Monthly service charge
£122