Summary - Farnham Drive, Caversham, Reading, RG4 RG4 6NY
3 bed 1 bath Duplex
Affordable 30% share three-bed duplex with garden and parking, ideal for first-time buyers..
30% Shared Ownership available, 5% minimum deposit
Approx. 1,039 sq ft; three bedrooms plus ground-floor reception
Rear garden with direct access and off-street parking
Monthly total charge approx. £552.31 (rent £484.45 + service £67.86)
99-year lease to be extended on completion — verify legally
EPC C; mains gas boiler and radiators, double glazing
Built 1967–1975; cavity walls likely without added insulation
One family bathroom for multiple bedrooms; some modernisation possible
This three-bedroom duplex in Caversham offers an accessible route onto the housing ladder through Shared Ownership. Arranged over two floors, the home provides a flexible layout with a ground-floor reception room and bedroom, plus three further bedrooms and a family bathroom upstairs. The reception opens to a generous rear garden and off-street parking, useful for families and commuters.
The property is offered as a 30% share priced at £132,000 (based on a full market value of £440,000). Monthly charges total approximately £552.31 (rent £484.45 plus service charge £67.86), with a minimum 5% deposit required for the share. The advertised 99-year lease is to be extended simultaneously on completion at no cost to the buyer; buyers should confirm this and seek independent legal and mortgage advice.
Practical details include double glazing, mains gas central heating (boiler and radiators), an EPC rating of C and about 1,039 sq ft of internal space. The area is affluent with very low crime, fast broadband, excellent mobile signal and good local schools. Reading station is about 2 miles away, making this a sensible option for commuters.
Known limitations are straightforward: the property is leasehold under a shared-ownership scheme with an annual rent increase each April, a modest service charge, and the walls are likely cavity construction with no added insulation (built 1967–1975), so further insulation or modernisation may be advisable. There is one family bathroom for three bedrooms. These points affect running costs and future improvements and should be factored into affordability and renovation plans.
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