Reading, RG1 3AF | Investment Property for Sale | VES-RG1-004

Opportunity to purchase an apartment in Reading generating £13,200 gross rent pa & gross yield of 6.4%

£205,000

Apartment

VES-RG1-004

INITIAL INVESTMENT

£61,500

Based on

deposit: £51,250

stamp duty: £7,750

mortgage fees: £1,500

conveyancing fees: £1,000

GROSS RENT

£13,200

GROSS YIELD

6.4%

ADD TO FAVOURITES

The property

TENANCY

Tenanted

TENURE

Leasehold

GROUND RENT

£200

SERVICE CHARGE

£1,391

1 bedroom

1 bathroom

1 reception room

503

Unfurnished

Leasehold information

  • Length of lease: 124 years
  • Year lease started: 2004
  • Years left on lease: 105 years (from 2023)
  • Ground rent review period: tbc
  • Service charge review period: tbc

Property information

  • Located on the 3rd floor
  • Open-plan kitchen/living room
  • Bedroom with built-in wardrobe
  • Comes with allocated parking space
  • EWS1 certificate not required
  • EPC rating C
  • Council tax band C
  • Monthly rental income £1,100

Location information

  • The property is located in the centre of Reading
  • All local amenities are just a short walk from the property
  • Reading railway station is around 0.3 miles away
  • Easy access to the A329

Note

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

Tenancy

RENT

£13,200 p.a. / £1,100 pcm

TENANCY DEPOSIT

£1,269

TENANCY TYPE

AST

TENANCY AGREEMENT STARTED

3 months ago

TENANCY AGREEMENT ENDS

10/8/2023

Floorplans

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.

About Reading, Berkshire

Reading is a historic market town in Berkshire, South East England. It lies 40 miles east of Swindon, 25 miles south of Oxford, 40 miles west of London and 15 miles north of Basingstoke.

The M4 motorway runs just south of Reading connecting it to London and Wales, whilst a number of A-roads serve Reading and the surrounding areas.

Reading railway station is a major transport hub and the second busiest interchange station outside of London. Trains are operated by Great Western Railway, CrossCountry, TfL Rail and South Western Rail. There is a wide variety of destinations that can be reached from Reading by the following lines: Bournemouth or Southampton to Manchester, Guildford to Newcastle, Reading to Newcastle, North Downs Line, Night Riviera, Great Western Main Line, Reading to Taunton Line, Reading to Basingstoke, Waterloo to Reading and Paddington to Reading. Reading will also be a stop on the new Elizabeth Line once the Crossrail works are complete.

There are many attractions and places to see in Reading, which include Abbey Quarter with Reading Abbey, Reading Town Hall & Museum, Berkshire Record Office, Caversham Court Gardens, Vaudeville Electric Theatre, Forbury Lion, Harris Botanic Gardens and Cole Museum of Zoology to name a few. Reading has six Grade I listed buildings, 22 Grade II* and 853 Grade II listed buildings, varying in architectural styles from the medieval to the 21st century.

Shopping in Reading is provided by the usual big brand high street names, but there are also hundreds of independent shops offering everything from beer and cheese to 150-year-old music stores and board game specialists. There is also a street market in Hosier Street and a farmers market on two Saturdays per month.

Education in Reading is provided by several primary and secondary schools, as well as Reading College and the University of Reading.

Reading is an important commercial centre in southern England and is home to the headquarters of several British and foreign companies and is also regarded as part of the London commuter belt. Companies such as Microsoft, Oracle and Hibu have their headquarters here, whilst Prudential has an administration centre in town. Other big names with an office in Reading include PepsiCo, Wrigley, Bayer Life, Huawei Technologies, Pegasystems, Cisco, Ericsson, Symantec, Verizon Business and others.

Kings Road,

Reading,

Berkshire,

England,

RG1 3AF

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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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