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)

Thorney House, 2 bed homes


Drake Way, Reading, Reading, RG2 0GZ

Shared ownership

Starting prices

40% share from
£94,000
Full price
£235,000
Monthly rent
£425
Monthly service charge
£118

Overview

Key Features

Two bedroom second floor flat
Good condition
Gas central heating system
Public parking space opposite the flat
Contemporary design
One allocated parking space
Close to local amenities in Reading

Full Description

A two bedroom second floor flat located in Reading available through Shared Ownership Scheme.
Available for £94,000 for 40% share based on the marketing figure of £235,000.

SO Resi Monthly Payment - £425.24
Monthly Service Charge - £118.28
Total Monthly Charge - £543.52 PLUS MORTGAGE REQUIRED FOR 40% SHARE

The property comprises entrance hall, spacious master bedroom en suite, bathroom, second bedroom, open plan reception room / kitchen.

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 located on the Kennet Island development which has a usage mix of residential and commercial properties. The M4 motorway is easily accessed with junction 11 being only 1.5 miles away. Reading Station is also easily reached being approximately 3 miles distant with regular services into London Paddington and to the West. It is generally considered that Crossrail, when it opens, will bring benefits to the town of Reading, including easier and quicker services into Central London and the City.


Housing Provider

SO Resi
Shared ownership

Starting prices

40% share from
£94,000
Full price
£235,000
Monthly rent
£425
Monthly service charge
£118