Initial price	£281,250
04/05/24	£285,000
16/08/24	£95,000
Price Change	-66.22%

This brand new Shared Ownership apartment is available for purchase with a minimum 25% share from £95,000. The property is located in Bankside Gardens, a lakeside development with a cluster of lakes and a short distance from Reading Green Park station, which offers a direct link to London Paddington and the Elizabeth Line. The apartment features an all-inclusive specification, including a fully fitted kitchen, bathroom, and flooring throughout. The development also has a local convenience store, coffee shop, and access to the A33/Junction 11 of the M4 motorway nearby. The apartment has a approximate size of 710 sq ft and the full market value is £380,000. The buyer will need to pay a mortgage on the share they own and rent on the remaining share, with the combined mortgage and rent being less than buying a similar property outright. The buyer must meet certain criteria, including having a deposit of at least 5% of the share value, not owning another property, and being a permanent UK resident.