Drake Way, Reading, Berkshire 1 bed apartment for sale

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Drake Way, Reading, Berkshire 1 bed apartment for sale

Drake Way, Reading, Berkshire
£74,000

Price History

Initial price £76,000
26/06/25 £74,000
Price Change -2.63%

Description

This modern one-bedroom apartment on Kennet Island is available for shared ownership, with a 40% share priced at £74,000, making it an affordable option for first-time buyers. The property features an entrance hall, bedroom, modern bathroom, spacious reception room with Juliet balcony, and separate kitchen, as well as an allocated parking space. Located near Reading Town Centre, the apartment offers easy access to shops, cafes, and restaurants, as well as the M4 and A33. The property is available with an extended lease of 972 years and has a combined mortgage and rent that is usually less than buying a similar property outright. To be eligible for shared ownership, applicants must meet certain criteria, including having a household income of £80,000 or less, a deposit of at least 5% of the share value, and not owning another property.