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)

Lundy House, 2 bed homes

Drake Way, Reading, Bath and North East Somerset, RG2 0GQ

Shared ownership

Starting prices

Share price
Coming soon
Full price
Monthly rent


Stunning modern two bedroom ground floor flat located in Reading, Berkshire . The accommodation comprises one master bedroom with wardrobe, second bedroom, kitchen , living room with Doors to balcony, bathroom with 3 piece suite with mixer shower over bath and hallway. Also includes 1 allocated parking space in car park and Development grounds. Gas fired boiler. This property is brought to you by SO Resi.

Full Description

A two bedrooms ground floor located in Reading available through Shared Ownership Scheme
Available for £90,000 for 40% share based on the marketing figure of £225,000

SO Resi Monthly Payment - £420.74
Monthly Service Charge - £105.38
Total Monthly Charge - £526.12 PLUS MORTGAGE REQUIRED FOR 40% SHARE

Property Details


2.3m x 2.96m
Under cabinet lighting

Open plan to kitchen
2.26m x 3.07m

3 piece suite with shower over bath
Unique bath design
Contemporary style
Towel rail

Bedroom 1:
2.47m x 4.1m

Bedroom 2:
2.95m x 2.37m

Development grounds only
Allocated parking space in car park

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

Within Kennett Island with good access to amenities in Reading and transport links.

Housing Provider

SO Resi
Shared ownership

Starting prices

Share price
Coming soon
Full price
Monthly rent