Map2 bedroom apartment for sale
Cygnet House, Drake Way, Reading
Virtual tour
Apartment
2 beds
2 baths
718 sq ft / 67 sq m
EPC rating: B
Key information
Tenure: Leasehold | 980 yrs left
Ground rent: £450 per annum | review period: unconfirmed
Service charge: £2,500 per annum
Council tax: Band C
Broadband: Ultra-fast 1000Mbps *
Mobile signal:
EEO2ThreeVodafone
Features and description
- Tenure: Leasehold (980 years remaining)
- South facing balcony
- Secure allocated underground parking and communal cycle store; Lift within development
- Modern Berkeley development
- Circa 700 sqft
- Large master bedroom with En suite shower room
- Potential gross yield of 6.2%*
Video tours
This well presented second floor apartment is ideally located on the periphery of the highly sought-after Kennet Island development which features a central piazza with well-kept communal grounds.
The open plan living room with a well-defined kitchen area opens on to a South facing Balcony which allows light to flood in to the apartment. Kennet Island itself is ideally situated for access to the town centre with a dedicated bus service providing easy access with mainline station and also Green Park with the planned station and the M4 motorway nearby.
Additional Information - Financial & Lease Info - Years remaining: 980
Service charge: £2,500 annual
Ground rent: £450 annual
Ground rent review period: Every 15 years, in line with RPI, next review 2030
The seller of this property is not a qualified leaseholder under the building safety act, for further details please contact the office.
Additional Information (Part B) - Property construction – Standard form
Services:
Water – mains
Drainage – mains
Electricity - mains
Heating - Electric
Broadband connection available (information obtained from Ofcom):
Ultrafast – Fibre to the premises (FTTP)
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 comes with allocated undercroft parking
On-street parking requires residents and visitors permits which are issued upon application by Reading Borough Council, charges apply, for an up to date list of charges please check reading.gov.uk "permit charges"
Rental Yield - We believe the current rental value for a furnished let would be £1,450 per calendar month which based on the asking price represents a possible gross rental yield of 6.2%
The open plan living room with a well-defined kitchen area opens on to a South facing Balcony which allows light to flood in to the apartment. Kennet Island itself is ideally situated for access to the town centre with a dedicated bus service providing easy access with mainline station and also Green Park with the planned station and the M4 motorway nearby.
Additional Information - Financial & Lease Info - Years remaining: 980
Service charge: £2,500 annual
Ground rent: £450 annual
Ground rent review period: Every 15 years, in line with RPI, next review 2030
The seller of this property is not a qualified leaseholder under the building safety act, for further details please contact the office.
Additional Information (Part B) - Property construction – Standard form
Services:
Water – mains
Drainage – mains
Electricity - mains
Heating - Electric
Broadband connection available (information obtained from Ofcom):
Ultrafast – Fibre to the premises (FTTP)
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 comes with allocated undercroft parking
On-street parking requires residents and visitors permits which are issued upon application by Reading Borough Council, charges apply, for an up to date list of charges please check reading.gov.uk "permit charges"
Rental Yield - We believe the current rental value for a furnished let would be £1,450 per calendar month which based on the asking price represents a possible gross rental yield of 6.2%
Property information from this agent
About this agent
Haslams Estate Agents is an independent, multi-award-winning agent located in the centre of Reading Town. With over a lifetimes experience, Haslams has been trusted to sell and let homes around the Thames Valley for over 185 years. Our team of industry professionals have extensive knowledge in the Reading property market and all live around the area, allowing for up-to-date, expert advice. Whether you are looking to buy, sell, rent or let your home, a member of our accomplished team is available to help with all your property needs. Want to know how much your property is worth? Call us to get a free market appraisal today.