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
£535
Monthly service charge
£164

Overview

Key Features

Two double bedrooms
Second floor apartment
Purpose built
Communal gardens
Allocated parking space
Secure bike storage
Close to local amenities in Reading

 

Full Description

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

SO Resi Monthly Payment - £534.80
Monthly Service Charge - £164.27
Total Monthly Charge - £699.07 PLUS MORTGAGE REQUIRED FOR 25% SHARE.

Entrance hall
Utility cupboard with washing machine. Entry phone system.

Bedroom 1 
3.69m x 2.79m
Fitted wardrobe.

En suite shower room
Large shower. White suite.

Bedroom 2
3.82m x 2.67m

Family bathroom
With WC and shower over bath. White suite.

Reception room
7.42m x 5.03m(maximum dimensions into bay windows)

Kitchen 
1.91 x 2.66
Good range of modern contemporary wall and base units. 
Gas cooker and hob.

Outside
Attractive and well maintained communal areas.

Parking
One allocated parking space and two visitor permit.

 

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

Located within the Kennet Island development of similar flats and houses, close to local amenities in Reading Town Centre. Morrisons/Aldi/Puregym/Pub are only a 10 min walk away. The rivers nearby are perfect for a walk as well as the Green Park/ Madejski Stadium 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. The closest train station is Reading West, which is just under two miles away.


Housing Provider

SO Resi
Shared ownership

Starting prices

25% share from
£60,000
Full price
£240,000
Monthly rent
£535
Monthly service charge
£164