2 bed flat for sale in Craig House, Craig Avenue, Reading RG30, £100,000

100,000.00

Offer Nr.:
65672891
Type of ad:
for Sale
Property type:
2 bed flat
Bedrooms:
2
Bathrooms:
1
Reception rooms:
1
Contact name:
Urban Moves
Phone(s):
020 3641 8096

* Leasehold
* Guideline Minimum Deposit £10, 000
* Guideline Income £27. 7k (dual) £34k (single)
* Top (Third) Floor
* Approx. 634 Sqft Gross Internal Area
* Semi - Open - Plan Kitchen/Reception
* Double Glazing and Gas Central Heating
* Parking Space
* Town Centre Within Easy Reach
Shared ownership (Advertised price represents 50% share. Full market value
£200, 000). A top - floor (third - building has a lift), two - bedroom flat which
has a good - sized reception room with dormer window and semi - open - plan kitchen.
There is a main bedroom with built - in wardrobe and a second bedroom, which
though smaller, is still a double. Some additional fitted storage has been
provided in the entrance hallway and well insulated walls and roof, double -
glazing and gas central - heating make for a good energy - efficiency rating.
Craig House has a car park that includes a space for this flat. There is a
Waitrose and a Tesco Extra within comfortable walking distance, or a brief bus
ride, and the town centre is in easy reach.
**Interested parties are required to complete the shared ownership common
application form
**
**[]**
(Please note the minimum income and deposit requirements for eligibility. You
do not need to request a viewing separately once you have completed the
application form. )
_Housing Association: _ A2Dominion.
_Tenure: _ Leasehold (125 years from 2005).
_Minimum Share: _ 50% (£100, 000). The housing association will expect that you
will purchase the largest share affordable.
_Shared Ownership Rent: _ £314. 02 per month (subject to annual review).
_Service Charge: _ £114. 75 per month (subject to annual review).
_Guideline Minimum Income: _ Dual - £27, 700 Single - £34, 000 (based on minimum
share and 10% deposit).
_Council Tax: _ Band C, Reading Borough Council. Priority is given to
applicants living and/or working in this local authority.
This property is offered for sale in the condition seen. The housing
association does not warrant to carry out any remedial or redecoration work of
a cosmetic nature unless specifically advised in writing. As a general rule,
fitted domestic appliances are included in the sale; non - fitted appliances are
not. If you require confirmation, you must request this in writing from Urban
Moves. The information in this document supersedes any information given
verbally either in person or by telephone. Pets not permitted (except
assistance animals).
_What is shared ownership ?_
Shared Ownership is a housing scheme designed to help homebuyers who are
unable to afford the cost of buying a property outright on the open market.
Properties may be sold off - plan or new build direct from housing associations,
or pre - owned from existing shared owners. The rules and terms of the scheme
are set by the Greater London Authority (gla) in London and Homes England
outside of London.
_Is shared ownership for you ?_
The gla and Homes England set the eligibility criteria for Shared Ownership,
but broadly speaking you must:
1\. Not own another property in the UK or any other country.
2\. Have a household income that falls below £90, 000 (£80, 000 threshold
outside the M25). Every property will have a minimum income level too,
determined by its’ value, rent and service charge costs. In most cases you
will need to meet or exceed the given minimum income.
3\. Have access to a minimum deposit of 10% of the share being purchased (a
minimum deposit of 5% of the share being purchased may be acceptable depending
on individual financial status).
4\. Be in full time permanent employment.
5\. Be a British, EU or eea Citizen or have indefinite leave to remain in the
UK.
6\. Have a good credit history.
Third Floor
Entrance Hallway
Reception
17' 6" to bay x 15' 1" max. (5. 33m x 4. 60m)
Kitchen
included in reception measurement
Bedroom 1
12' 3" into bay x 12' 3" max. (3. 73m x 3. 73m)
Bedroom 2
12' 11" max. X 8' 9" max. (3. 94m x 2. 67m)
Bathroom

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