Summary - Carraway Street, Reading, United Kingdom, RG1 RG1 3FY
1 bed 1 bath Apartment
40% shared ownership; option to staircase to 100% ownership
This modern one-bedroom apartment on Carraway Street offers a compact, contemporary home in a riverside location just minutes from Reading town centre and the train station. Positioned on the 7th floor with lift access, the flat opens onto a private balcony with river views and benefits from secure off-street parking and well-kept communal gardens.
Offered as 40% shared ownership (approx. £510/month rent for the unsold share) the property is aimed at first-time buyers seeking an affordable route into ownership with the option to staircase to 100%. The interior is set out for open-plan living with an L-shaped modern kitchen, a good-sized double bedroom and a stylish bathroom — sensible, low-maintenance specification suited to city living.
Buyers should note the material costs and arrangements: the lease is long (984 years remaining) but the property is leasehold and attracts an average annual service charge of about £2,964. Heating is provided via a community scheme, so running costs depend on the wider development arrangements. The neighbourhood is an inner-city, multicultural area with high local crime levels reported, so purchasers should consider security and insurance implications.
Overall this is a practical city-centre apartment for a single occupant or couple who prioritise location, transport links and manageable modern accommodation. It also offers investor potential given the compact layout and proximity to transport, though shared-ownership and service-charge commitments should be factored into affordability or yield calculations.
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