51 Flagstaff Road
£94,500 for a 30% share
Property description
One bedroom top floor apartment overlooking the lake at Green Park A £500 Amazon Voucher on Completion*
Property address
51 Flagstaff Road, Reading, RG2 6BW
1 
1 Shared Ownership
SHARED OWNERSHIP
Full Market Value: £315,000
Share Value (30%): £94,500
Monthly Rent: £526.03
Service Charge: £222.77
999 year lease commenced January 2016- 988 years remaining
EWS1 Certification is available - A1 rating
A £500 Amazon Voucher on Completion*
This triple aspect top floor apartment comprises a generous open plan living area incorporating a modern kitchen with fully integrated allpiances including oven, induction hob, fridge/freezer, dishwasher and integrated extractor. The well proportioned bedroom, which benefits form a double wardrobe with mirrored sliding doors, opens onto a private secluded terrace with far reaching views. A contemporary bathroom completes the accommodation.
Reading Gate Retail Park has everything you need to make your new apartment a home, or in 10 minutes by car you can reach a range of shopping centres in Reading town centre, such as The Oracle and Broad Street Mall. Rading also offers a phethera of restaurants and bars. The Hexagon in the centre of town offers amazing theatre and arts.
Surrounded by lakes you can stroll through the landscaped surroundings of the beautiful South Lake, just on your doorstep, which gives you lovely views of the waterfront development. The River Kennet and River Thames, both of which flow through Reading offer great country walks.
London is a short train ride away, and can be reached in under half an hour via the fast Great Western Railway service from Reading to Paddington. Other popular UK cities can also be reached via Reading train station, making journeys to Exeter, Bristol, Cardiff, Birmingham and Southampton Central super accessible. Heathrow airport is just 26.5 miles via the M4 from Reading. Many other towns and cities such as Basingstoke, Newbury, Slough, Oxford and Guildford can also be easily accessed via road or rail services.
The buyer will require a deposit to obtain a mortgage for this property.
To meet the requirements for this property we require as a guideline, a minimum household income of £44,182. If you are offered the home, your ability to afford this property will be assessed at your financial interview. Please note that applicants should purchase the maximum share that they can afford and sustain.
Only applicants who are registered with London and Quadrant will be eligible to be offered a property in one of our schemes. If you are not registered please visit our website www.lqhomes.com and register to obtain your unique reference number.
Your home is at risk if you fail to keep up repayments on a mortgage, rent or other loan secured on it. Please make sure you can afford the repayments before you take out a mortgage.
These particulars are of opinion only, are intended to give a fair description and do not form the basis of a contract. The descriptions and all other information are believed to be correct as of September 2025.
*The £500 Amazon Voucher is currently being offered on this resale property for a limited time and is applicable to any Shared Ownership purchase that completes a reservation on or before 31st October 2025, and then completes on the sale before 31st January 2026. The voucher will be supplied within 75 days of completion of the purchase and will be an E-Voucher, issued by email to the Sole or Primary Purchaser. Further terms and conditions may be in place from the voucher provider, and it is the purchaser's responsibility to satisfy themselves of any terms applicable. The voucher cannot be offset against any fees or monies due from the purchase. L&Q will not be responsible for direct payments to any lenders, or third parties. L&Q reserve the right to remove an incentive at any time.
This is an indication of how much these apartments might cost.
For more detailed information please register your interest in this property.
| Minimum Full Market Value | £315,000 |
|---|---|
| Minimum Share Percentage | 30% |
| Minimum Share Value | £94,500 |
| Monthly Service Charge | £223 |
| Minimum Deposit | £9,450 |
Reading Gate Retail Park has everything you need to make your new apartment a home, or in 10 minutes by car you can reach a range of shopping centres in Reading town centre, such as The Oracle and Broad Street Mall. Reading also offers a phethora of restaurants and bars. The Hexagon in the centre of town offers amazing theatre and arts.
Surrounded by lakes you can stroll through the landscaped surroundings of the beautiful South Lake, just on your doorstep, which gives you lovely views of the waterfront development. The River Kennet and River Thames, both of which flow through Reading offer great country walks.
London is a short train ride away, and can be reached in under half an hour via the fast Great Western Railway service from Reading to Paddington. Other popular UK cities can also be reached via Reading train station, making journeys to Exeter, Bristol, Cardiff, Birmingham and Southampton Central super accessible. Heathrow airport is just 26.5 miles via the M4 from Reading. Many other towns and cities such as Basingstoke, Newbury, Slough, Oxford and Guildford can also be easily accessed via road or rail services.
Parking
- Allocated parking
Others
- Balcony
- Central heating
- Double Glazing
- Lift access
Outside space
- Communal Garden