1 bed Flat For Sale £295,000
An impressive period apartment located on the 2nd floor of this sought after development sympathetically converted by Thomas Homes of former University buildings. Standing in well-kept communal grounds with an impressive outlook to the rear of The Great Hall and clock tower, the property has retained a number of period features and is within walking distance of the mainline station and Royal Berkshire hospital. The light and airy apartment features a contemporary styled open-plan living room with high ceilings and a feature fireplace and triple sash windows. The apartment benefits from allocated parking for residents and the apartment has been finished to a high standard, appealing to purchasers seeking a prime central Reading address which is ideally positioned for transport links and the shops and restaurants of the Oracle centre. The property is offered for sale with no onward chain.
Parking - The property has an allocated parking space numbered 19 for which a permit is required and must be displayed at all times as the parking is managed by a parking enforcement company.
Communal Grounds - The well-tended communal grounds have illuminated walkways and are mainly lawned with a number of shrub beds.
Lease Information - Years remaining: 119
Service charge: £1455 PA
Ground rent: £250 PA
Ground rent review period: Every 15 years, review 2032 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
Rental Yield - *We believe the current rental value for a furnished let would be £1300 per calendar month which based on the asking price represents a possible gross rental yield of 5.3%
Parking - The property has an allocated parking space numbered 19 for which a permit is required and must be displayed at all times as the parking is managed by a parking enforcement company.
Communal Grounds - The well-tended communal grounds have illuminated walkways and are mainly lawned with a number of shrub beds.
Lease Information - Years remaining: 119
Service charge: £1455 PA
Ground rent: £250 PA
Ground rent review period: Every 15 years, review 2032 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
Rental Yield - *We believe the current rental value for a furnished let would be £1300 per calendar month which based on the asking price represents a possible gross rental yield of 5.3%
