Summary - CARETAKERS OFFICE, MAYER HOUSE, CHATHAM PLACE RG1 7AN
1 bed 1 bath Apartment
Affordable shared-ownership one-bed with parking and balcony close to Reading station..
No onward chain — immediate purchase possible
30% shared ownership; rent £544.97 monthly at current share
Option to staircase to higher or full ownership
80 years left on lease — could restrict mortgage lending
Service charge circa £2,800 per year
Secure allocated off-street parking and lift access
Private balcony; communal residents' terrace
Town-centre location close to Reading mainline station
This fourth-floor one-bedroom apartment in Mayer House offers an accessible route onto the property ladder via 30% shared ownership, with the option to staircase to a higher share or full ownership. The open-plan living, integrated kitchen and private balcony make it a practical city-base for professionals or couples needing convenient transport links and town-centre amenities.
Practical benefits include lift access, a secure allocated parking space and communal outside terrace. The property is chain free and close to Reading mainline station, making commuting straightforward and local shops, leisure and schools readily reachable.
Buyers should note material finance and running-cost considerations: the lease has around 80 years remaining, which may limit mortgage options; the service charge is approximately £2,800 per year; and monthly rent at 30% share is £544.97. The area records higher crime rates and the wider locale is relatively deprived, which may affect resale and rental demand.
Overall this is a compact, low-maintenance urban flat suited to first-time buyers seeking an affordable entry into Reading with clear potential to increase ownership over time, provided buyers check lender criteria for the remaining lease length and factor ongoing service charges and rent into affordability calculations.
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