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)

The Meridian, 2 bed homes


Kenavon Drive, Reading, Reading, RG1 3DP

Shared ownership

Starting prices

40% share from
£112,000
Full price
£280,000
Monthly rent
£475
Monthly service charge
£177

Overview

A two bedroom ground floor flat located close to Reading town centre available through shared ownership. The accommodation comprises of entrance hall, kitchen, living room, two double bedrooms, en-suite shower room with wc to bedroom one and bathroom with wc. Outside there are well-kept communal areas including a garden and underground allocated parking. The property has electric radiator central heating.
 

Available for £112,000 for 40% share based on the marketing figure of £280000
Monthly SO Resi payment - £474.69
Monthly Service Charge - £176.77
Total Monthly Charge - £651.46 PLUS MORTGAGE REQUIRED FOR 40% SHARE

Property details:

Entrance Hall
Airing cupboard
Entry phone

Kitchen
3.57m x 1.87m
Good range of units
Built in cooker and electric hob. Space for fridge freezer and washing machine

Reception room
4.01m x 4.97m

Bedroom two
2.75m x 3.71m

Bedroom one
2.78m x 3.7m
Fitted cupboard (not included in room measurements)

En-suite shower room with WC
Three piece white suite including shower cubicle

Bathroom with WC
Three piece white suite
Shower over bath

Outside
Well-kept communal garden and areas
Communal bin and bike stores
Underground allocated parking space

EPC Rating:
Energy Rating Band - D
Environmental Impact Rating Band - D

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 a modern development of similar flats close to shops and facilities at Reading town centre. Good access to A33 and M4 motorway.


Housing Provider

SO Resi
Shared ownership

Starting prices

40% share from
£112,000
Full price
£280,000
Monthly rent
£475
Monthly service charge
£177