2 bed Flat For Sale £239,950
No Chain | Two Double Bedrooms | Excellent Location | 981 Year Lease | Lift | Undercroft Parking | Top Floor | Gas Central Heating | Landscaped Communal Grounds | Investment Opportunity Tenants Currently In Situ.
We are delighted to bring to the market, this two double bedroom apartment, which offers a different layout to most in the development thanks to its unique position in the building, on the top floor outer edge of the development meaning it benefits from no one above and no one to the side.
Comprising living/dining room, open plan kitchen with appliances, two double bedrooms with Velux windows meaning more wall space for furniture in both rooms, large bathroom with shower cubicle and bath, walk-in storage cupboard & additional utility cupboard, gas central heating & on-demand hot water via combi boiler and double glazed windows throughout. The main living and bedroom areas are carpeted & the kitchen and bathroom have ceramic tiled flooring.
The development is well maintained, and located just a few minutes walk from the Oracle Shopping Centre, under 15 minutes walk from Reading Mainline Station, Royal Berkshire Hospital & within easy reach of Reading University, as well access to excellent public & private transport links. There is gated undercroft parking and bike storage, lift access to all floors, Illiffe close is a mixture of apartments and houses with a communal green at it's centre.
Lease details: 999 Years from 2005 - 981 years remaining
Current Services Charges: £1740.08 annually payable at bi-annual intervals
Ground Rent: £200 per annum, £100 payable in Mar & Sep each year
Investment Information
Current Rent: £1095.00 (current gross yield of 5.47%)
Tenancy due for renewal March 2023
Potential Rent in current market: £1150pcm - £1250pcm (potential gross yield of 6.25%)
We are delighted to bring to the market, this two double bedroom apartment, which offers a different layout to most in the development thanks to its unique position in the building, on the top floor outer edge of the development meaning it benefits from no one above and no one to the side.
Comprising living/dining room, open plan kitchen with appliances, two double bedrooms with Velux windows meaning more wall space for furniture in both rooms, large bathroom with shower cubicle and bath, walk-in storage cupboard & additional utility cupboard, gas central heating & on-demand hot water via combi boiler and double glazed windows throughout. The main living and bedroom areas are carpeted & the kitchen and bathroom have ceramic tiled flooring.
The development is well maintained, and located just a few minutes walk from the Oracle Shopping Centre, under 15 minutes walk from Reading Mainline Station, Royal Berkshire Hospital & within easy reach of Reading University, as well access to excellent public & private transport links. There is gated undercroft parking and bike storage, lift access to all floors, Illiffe close is a mixture of apartments and houses with a communal green at it's centre.
Lease details: 999 Years from 2005 - 981 years remaining
Current Services Charges: £1740.08 annually payable at bi-annual intervals
Ground Rent: £200 per annum, £100 payable in Mar & Sep each year
Investment Information
Current Rent: £1095.00 (current gross yield of 5.47%)
Tenancy due for renewal March 2023
Potential Rent in current market: £1150pcm - £1250pcm (potential gross yield of 6.25%)
2 bed Flats For Sale Upper Crown Street
2 bed Flats For Sale Southampton Street
2 bed Flats For Sale Priors Court
2 bed Flats For Sale Iliffe Close
2 bed Flats For Sale Newark Street
2 bed Flats For Sale Short Street
2 bed Flats For Sale Hieatt Close
2 bed Flats For Sale Chesterman Street
2 bed Flats For Sale West Hill
2 bed Flats For Sale Windsor Square
2 bed Flats For Sale Crown Street
2 bed Flats For Sale Silver Street
2 bed Flats For Sale Mount Pleasant
2 bed Flats For Sale Alpine Street
2 bed Flats For Sale Sherman Road
2 bed Flats For Sale Edgehill Street
2 bed Flats For Sale Southampton Street
2 bed Flats For Sale Priors Court
2 bed Flats For Sale Iliffe Close
2 bed Flats For Sale Newark Street
2 bed Flats For Sale Short Street
2 bed Flats For Sale Hieatt Close
2 bed Flats For Sale Chesterman Street
2 bed Flats For Sale West Hill
2 bed Flats For Sale Windsor Square
2 bed Flats For Sale Crown Street
2 bed Flats For Sale Silver Street
2 bed Flats For Sale Mount Pleasant
2 bed Flats For Sale Alpine Street
2 bed Flats For Sale Sherman Road
2 bed Flats For Sale Edgehill Street
