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)

JEFFREY PLACE- JEF427, 2 bed homes


JEFFREY PLACE, Reading, RG1 7AY

Shared ownership

Starting prices

40% share from
£102,000
Full price
£255,000
Monthly rent
£398
Monthly service charge
£131

Overview

***Please quote JEF427 when enquiring.***

- Introduction - 

Tired of renting with nothing to show for it? This 2-bed home is the perfect answer to step on the property ladder. With Reading town just a stone’s throw away and close proximity to park lands, you’ll have an abundance of convenience right on your doorstep. Can you afford to miss out?

 

- What the owner says -

“Panoramic sunset and sunrise views from the property. Very accessible for Reading town centre. 24-hour transport available including trains, buses and taxis. Balcony with large window lets in plenty of light during the stay and offers beautiful views of the local area at night. The property is secure with code access and gated entrance. Great overall ambiance.” 

 

- Full description – 

Shared ownership is a government backed scheme that can be a stepping stone to completely owning your own home. If you’re finding it difficult to save for a deposit this is a great option as the amount you’ll need is based on the share you’re buying. 

 

Two-bed apartment (fifth floor) with lift access available. 

Entrance hallway has storage and a telephone entry system. 

Living room benefits from French doors accessing your own private balcony. 

Kitchen with matching wall and base unit and contrasting worktops. Integrated gas cooker and hob and white goods including a microwave; fridge/freezer and washing machine.  

Master bedroom and second bedroom. The master bedroom has a fitted wardrobe.

Bathroom with a bath, overhead shower, wash hand basin and a WC.

Carpets are fitted to the living areas. Vinyl flooring is laid in the kitchen and bathroom. 

Gas central heating.

Disabled parking available.

Well maintained communal gardens with gated entrance. Bicycle storage available. 

 

- Costs –

PRICE - £102,000*

RENT - £397.70pm 

SERVICE CHARGE - £131.24**

*This represents a 40% share of the full open market value of £255,000

**This includes: management charge, service charge, building insurance and sinking fund. Rent and service charges are reviewed annually.

 

- General Information - 

Tenure: Leasehold

Lease: 99 years from 1st January 2007

Years remaining on lease: 86 approx.

Approximate internal area: 54 sq. m. 

Local authority: Reading Borough Council

Council tax band: C

EPC rating: C (77)

Ground rent: £75pa 

 

- Terms, conditions and requirements -

MinImum household income requirement: £30,150^

Application process: A financial assessment must be completed before any physical viewing can take place. This forms part of Home Group’s buyer approval process. These assessments are carried out remotely by The Mortgage People. Once you have confirmed an interest in purchasing a property, the contact details will be made available.   

We will not carry out any credit checks or contact any reference agencies without your written consent. 

Help to Buy Agent: In order to apply you must be registered with Help to Buy South https://helptobuyagent3.org.uk/user/. You will need to provide your HTB reference when completing the application process. 

Current homeowners: Anyone who currently owns a home must have a sale agreed to apply.

 

 


Local area information

- What the owner says -

“Panoramic sunset and sunrise views from the property. Very accessible for Reading town centre. 24-hour transport available including trains, buses and taxis. Balcony with large window lets in plenty of light during the stay and offers beautiful views of the local area at night. The property is secure with code access and gated entrance. Great overall ambiance.” 


Housing Provider

Home Group Resales
Shared ownership

Starting prices

40% share from
£102,000
Full price
£255,000
Monthly rent
£398
Monthly service charge
£131