Bracknell, RG42 1PL | Investment Property for Sale | VES-RG42-004

Opportunity to purchase a 3-bed apartment in Bracknell with the potential to generate £18,600 rent pa

£448,500

Apartment

VES-RG42-004

INITIAL INVESTMENT

£208,680

GROSS RENT / YIELD

£18,600 / 4.1%

NET RENT / YIELD

£14,286 / 3.2%

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The property

TENANCY

Vacant

TENURE

Freehold

3 bedrooms

2 bathrooms

1 reception room

1,195

Unfurnished

Property information

  • Third floor apartment
  • Expected monthly rent £1,550
  • Brand new residential development
  • Master bedroom comes with en-suite
  • Open plan living/dining/kitchen area
  • Landscaped garden
  • Dedicated residents' zone including outdoor gym, table tennis and barbecue area
  • All apartments come with the ZipatoZipatile video entry and home automation system pre-installed
  • Power sockets with standard and USB ports in living and bedroom
  • TV and data points in living and bedroom
  • Built-in wardrobes in master bedroom
  • Fitted SMEG appliances in the kitchen
  • Heated towel rails in main bathroom

Notes

The listings particulars haven't yet been reviewed by the vendor and are therefore not final.

Please note that Vesta has not visited this property and that all material has been provided by the vendor.

At the time of listing there are no EPCs available for this property. However, Vesta will add these as soon as they have been received.

Documents available on request, please contact for viewings or further questions.

The information relating to this property is supplied by the vendor and was the latest available information at the time of listing. Certain information may expire or become inaccurate over time.

Vesta makes no warranty as to the accuracy or completeness of the property listing or any associated information. All information should be reviewed by the purchaser and their solicitor.

Financials

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Rental Income

GROSS RENT PER ANNUM

£18,600

Equivalent of £1,550 per calendar month (PCM).

GROSS RENTAL YIELD

4.1%

Gross rent per annum divided by the purchase price.

NET RENT PER ANNUM

£14,286

Gross rent per annum minus fully managed operating costs.

NET RENTAL YIELD

3.2%

Gross rent per annum minus fully managed operating costs divided by the purchase price.

FULLY MANAGED OPERATING COSTS

£4,314

The total estimated sum of expenses calculated annually assuming a fully managed service.

Click to understand assumptions.

Disclaimer

All financial information is provided as a guideline only, is based on estimates and assumptions and is subject to change. Buyers are advised to seek independent financial advice. Capital at risk.

About Bracknell, Berkshire

Bracknell is a large town in Berkshire, England, the westernmost area within the Greater London Urban Area. It lies 11 miles (18 km) east of Reading, 9 miles (14 km) south of Maidenhead, 10 miles (16 km) southwest of Windsor and 34 miles (55 km) west of central London.

In recent years a third of Bracknell’s old town centre has been demolished and rebuilt and there has been massive investment in the underlying infrastructure including the Lexicon Shopping Centre transforming the town into a desirable place to live and work.

The Lexicon comprises 600,000 ft2 of new retail, a new 12-screen cinema, new restaurants and cafes, completely new paving and public realm and 1300 new parking spaces as well as improved access by public transport.

Bracknell now attracts shoppers from the affluent surrounding neighbourhoods in Berkshire and Surrey. The town saw visitor numbers of 16m in its first year and the town centre rose to 29 in the retail rankings (from 255).

Several high-tech giants have made Bracknell their home over the last 20 years including Vodafone, Hewlett Packard and Dell, consolidating the area’s reputation as the UK’s Silicon Valley and attracting a talented workforce. Honda, Waitrose and Panasonic also fuel the economy by serving as major local employers.

Swinley Forest, a vast 2,600 acre stretch of woodland with walking and biking trails, orienteering, segway or horse riding.

Windsor, Sunningdale, Reading and Wokingham are all easy to get to either by road or rail.

The town of Bracknell has two railway stations, Bracknell and Martins Heron, both of which are on the Waterloo to Reading Line. Bracknell is a commuter centre with its residents travelling in both directions (westwards to Reading and eastwards to London Waterloo).

London Heathrow Airport is 13 miles to the east of Bracknell, accessible by train from Bracknell Railway Station.

Wokingham Road,

Bracknell,

Bracknell Forest,

England,

RG42 1PL

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Important Note

All information contained in this website is provided as a guideline only, is based on estimates and assumptions, may not be accurate or complete, and is subject to change. We make no representations or warranties with regards to this information, expressed or otherwise. A buyer who relies on such information does so at their own risk. Buyers are advised to seek independent financial advice and should undertake their own due diligence.

Your capital is at risk. Property values may decline and the property might not be able to be rented at amounts sufficient to cover debt interest costs, operating expenses and liabilities, and might not result in a positive cash flow. Property is an illiquid asset and should not be viewed as a short-term investment.

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