1 bedroom apartment for sale
Key information
Property description & features
- INVESTORS ONLY - tenant in situ
- Modern apartment block
- Allocated parking space
- Close to ammenities
- Walking distance of town centre and train station
- Fifth floor
The property boasts a fully integrated kitchen, open plan living room, a good size bedroom and three piece shower room.
Ideal for your first investment or as an addition to your portfolio as these properties are always popular due to their proximity to the Reading town centre. This offers a mainline train to London, Oracle shopping centre and a plethora of other retail shops and independent eateries. viewings highly recommended.
Additional Information - Financial & Lease Info - Local authority: Reading
Council tax band: B
Years remaining: 990
Service charge: £1902.20 PA
Ground rent: £250 PA
Ground rent review period: Every 15 years, review date September 2029.
Additional Information (Part B) - Services:
Water - mains
Drainage - mains
Electricity - mains
Broadband connection available (information obtained from Ofcom):
Superfast - Fibre to the cabinet (FTTC)
Mobile phone coverage
For an indication of specific speeds and supply of broadband and mobile, we recommend potential buyers go to the Ofcom web-site "Broadband and mobile coverage checker"
Parking
The property has an allocated parking space
Additional Information (Part C) - Building safety
The building has an EWs1 rating of B1
Flooding
We understand the property has a high risk for surface water flooding, for further information please check the gov.uk website "long term flood risk"
Roof information
The block has recently had completed a new roof, the works of which were in three parts; the main roof, the parapet walls and repairs to the underside of the concrete roof deck. A letter from the management company can be provided on request confirming Leaseholders are just waiting for the final sign off.
Rental Yield - Gross rental yield >7.0%*
This property is currently tenanted with a rental of £1,100 being achieved. The tenant moved in in December 2023 and is on a 12 month with a 6 month break clause.
Property information from this agent
Places of interest
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*DISCLAIMER
Property reference 32856791. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Haslams Estate Agents - Reading.
OnTheMarket may have applied supplementary data to this property listing, including:
Broadband availability and predicted speed: obtained from Ofcom on December 16, 2021
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2
Mobile phone signal availability and predicted strength: obtained from Ofcom on January 7, 2022
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area: obtained on November 3, 2014 from The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Any supplementary data should not be relied upon as forming part of any property particulars and OnTheMarket cannot be held responsible for any incorrectness in this data. See here for more information.