1 bed Flat For Sale £245,000
Hunsaker, Alfred Street, Reading

In our opinion this 7th floor apartment is situated in one of the best positions within the favoured Chatham Place development - elevated and with far reaching south facing views is this light and airy one bedroom apartment, a well proportioned property finished to a high standard in a contemporary style. The open-plan living room opens up to private balcony with views over the communal gardens. The property can be purchased with tenant in situ or with vacant possession. Possible gross yield of 5.9%.

Lease Information - Years remaining: 236
Ground rent: £350 PA
Service charge: £1,100 PA??
Ground rent review period: Every 10 years, review 2034 in line with RPI

LEASE NOTE: Lease and service charge details are provided as a guide and are based on information supplied by the seller

Tenancy Details & Rental Yield - The property is currently let on an assured shorthold tenancy for £1050 per calendar month, we believe the current rental value for a furnished let would now be £1200 per calendar month which based on the asking price represents a possible gross rental yield of 5.9%. The current tenancy end date is February 2024 although vacant possession can be sought from August 2023.

Concierge - The development has a concierge service which is located by the entrance to the car park.

Communal Grounds - The communal gardens are enclosed and are paved with raised planters and a number of benches for use by the residents.