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, 2 bed homes


Gweal Avenue, Reading, RG2 0FP

Shared ownership

Starting prices

25% share from
£60,000
Full price
£240,000
Monthly rent
£520
Monthly service charge
£165

Overview

Key Features

Two bedrooms
First floor flat
Good condition
Gas heating
Residents'parking
Visitors' parking
Secure bike storage
Communal gardens
Close to local amenities in Reading

Full Description

A two bedroom first floor apartment located in Reading available through the Shared Ownership Scheme.
Available for £60,000 for 25% share based on the marketing figure of £240,000.

SO Resi Monthly Payment - £519.73
Monthly Service Charge - £165.09
Total Monthly Charge - £684.82 PLUS MORTGAGE REQUIRED FOR 25% SHARE.

Ground Floor
Communal entrance lobby with staircase

First Floor
Private entrance hall

Utility cupboard with plumbing for washing machine.

Bathroom with WC

Bedroom one
2.79 x 3.69. 
En-suite shower room with wc.

Bedroom two 
2.67 x 3.79.

Living room 
5.03 x 7.42.

Kitchen 
2.65 x 1.91.

Outside
Communal grounds and areas. 
Allocated parking space.

 
EPC Rating

Energy Rating Band - B 
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

The property is close to local amenities in Reading Town Centre, Morrisons/Aldi are only a 10 min walk away, gym and pub 10 mins walk away. The rivers nearby are perfect for a walk as well as the green park down the road. The location is well-served by Junction 11(M4), a bus stop which is a 5 min walk away and direct transport links to Reading Town.


Housing Provider

SO Resi
Shared ownership

Starting prices

25% share from
£60,000
Full price
£240,000
Monthly rent
£520
Monthly service charge
£165