1 bedroom property for sale
Key information
Property description & features
- Long leasehold residential investment
- One bedroom apartment
- On-site parking space
- Modern, purpose-built block
- Close to town centre
- Producing £16,200 per annum (annual equivalent rent)
- Guide price reflects a gross yield of 10.8%
- Online Auction on Thursday, 22 August 2024
The property comprises a one bedroom apartment situated on the first floor of a modern, purpose-built block. The apartment is arranged as an open plan living room/diner, kitchen, one bedroom and a bathroom/WC and benefits from a Juliet balcony. The flat benefits from an on-site parking space, entry phone system and residents' passenger lift.
Location:
Reading is a principal town in the Thames Valley lying approximately 40 miles west of London and 25 miles south east of Oxford. It is situated just to the north of the M4 motorway, from which it can be accessed via junctions 11 and 12. Reading railway station is a major rail hub providing regional and national rail links including direct services to London Paddington via GWR and the recently opened Elizabeth Line (Crossrail). Numerous bus services serve the area and London Heathrow Airport lies approximately 25 miles to the west.
Iliffe Close is runs east from Southampton Street just to the south of the town centre. The Oracle Shopping Centre is within a short walkiing distance providing numerous retail and leisure facilities.
Tenancy:
Let on an Assured Shorthold Tenancy for a period of 6 months from 11/05/2024 at a rent of £8,100 for the term of tenancy based on a rent of £1,350 per calendar month. This was a tenancy renewal and the rent has been paid in advance. The balance will be apportioned to the purchaser on completion. A rent depositi of £1,148.08 is held.
Online Auction on Thursday, 22 August 2024. For further information, such as legal documents and property information, please visit bidx1.com.
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Broadband availability and predicted speed: obtained from Ofcom on December 16, 2021
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Mobile phone signal availability and predicted strength: obtained from Ofcom on December 21, 2021
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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 December 13, 2018 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.
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