Summary - 67 RUSKIN CAVERSHAM READING RG4 6LF
2 bed 1 bath Apartment
Affordable 25% shared ownership two-bed with parking near Reading — lease length requires attention.
- 25% shared ownership; 75% rent £978.29 pcm
- Two double bedrooms, ground-floor apartment
- Allocated off-street parking and communal gardens
- Modern bathroom; open-plan lounge/diner/kitchen
- Service charge £2,270.64 pa; council tax band C
- Electric storage heating — potentially higher running costs
- Approximately 79 years lease remaining; lenders may refuse
- Medium flood risk in the area
A ground-floor, two-double-bedroom apartment offered as 25% shared ownership in a modern residential development close to Caversham Lakes and 1.7 miles from Reading town centre. The open-plan lounge/diner/kitchen and contemporary bathroom give the flat a move-in-ready feel, with allocated off-street parking, communal gardens and secure entry adding everyday convenience.
Important financial facts are clear: the sale is 25% shared ownership with a monthly rent of £978.29 for the remaining 75%, an annual service charge of £2,270.64 and council tax band C. The property is leasehold with around 79 years remaining; many mortgage lenders impose strict minimums and may refuse lending unless the lease is extended. There is potential to arrange a lease extension on completion, but buyers should obtain lender confirmation and legal advice before committing.
Practical considerations include electric storage heating, which can be more expensive than gas and affects running costs, and a medium flooding risk in the area. On the positive side, broadband and mobile signals are excellent, crime levels are very low, and local schools (state and independent) are nearby, suiting families or first-time buyers seeking good local amenities. Viewing is recommended for buyers comfortable with the shared-ownership model and the lease-length issue.
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