House For Sale £320,000
This investment opportunity is located on a popular West Reading address, close to a local park, school and Reading west station. Currently let on AST's generating £22,140 pa. the three-storey property has been sub-divided into two flats with a ground floor 1 bedroom flat and a 2 bedroom split-level flat.
Yield - *We believe the current rental value for a furnished let would be £1400 per calendar month which based on the asking price represents a possible gross rental yield of circa 7.4%
Garden - Low maintenance garden with shed and accessed from the ground floor flat.
Additional Information: - 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"
Part B
Property construction - Standard form
Services:
Gas - mains
Water - mains
Drainage - mains
Electricity - mains
Heating - Gas central heating
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"
The property has a single skin wall in the ground floor flat shower and purchasers should make enquiries with their mortgage lender that this meets their criteria.
We understand the property may contain asbestos, specifically the garage roof.
Flooding
We understand the surface water flood risk summary for the area around the property is considered high however, this information is not specific to a property For further information please check the gov.uk website "long term flood risk".
Epc's - First floor flat- Rating E
Ground floor flat- Rating D
For a copy of the EPC's please use the below link;
Yield - *We believe the current rental value for a furnished let would be £1400 per calendar month which based on the asking price represents a possible gross rental yield of circa 7.4%
Garden - Low maintenance garden with shed and accessed from the ground floor flat.
Additional Information: - 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"
Part B
Property construction - Standard form
Services:
Gas - mains
Water - mains
Drainage - mains
Electricity - mains
Heating - Gas central heating
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"
The property has a single skin wall in the ground floor flat shower and purchasers should make enquiries with their mortgage lender that this meets their criteria.
We understand the property may contain asbestos, specifically the garage roof.
Flooding
We understand the surface water flood risk summary for the area around the property is considered high however, this information is not specific to a property For further information please check the gov.uk website "long term flood risk".
Epc's - First floor flat- Rating E
Ground floor flat- Rating D
For a copy of the EPC's please use the below link;
