Summary - Kennet Street, Reading, RG1 RG1 4AQ
1 bed 1 bath Flat
Affordable shared-ownership city apartment within walking distance of Reading station.
Chain-free one-bedroom fourth-floor apartment with lift access
A well-presented one-bedroom fourth-floor apartment in central Reading, offered chain-free via Shared Ownership or full purchase. The bright open-plan living room with balcony and compact modern kitchen suits individuals or couples seeking easy city living. Lift access and water included in the service charge add practical convenience.
The property is competitively priced for a 50% share (£115,000 on a £230,000 valuation) with a low 5% minimum deposit option, making it accessible for many first-time buyers. Walking distance to Reading station, The Oracle and riverside walks provides strong commuter and amenity appeal.
There are important factors to consider: the property is leasehold with approximately 81 years remaining, which can affect mortgage availability and future resale — seek legal and financial advice. The apartment uses electric room heaters rather than gas central heating, and the service charge is relatively high (about £3,508 annually, with monthly rent and an annual rent increase for shared owners).
The local context is inner-city and multicultural with good digital connectivity, but it records high crime levels and higher area deprivation than average. This flat offers immediate, affordable access to central Reading but suits buyers who accept the lease length, service costs and urban setting.
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