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One-bedroom second-floor apartment in Reading

Reading, RG1 - Get Access

1 bed 1 bath

Description

A well-presented one-bedroom second-floor apartment with no onward chain, ideally located in Reading town centre and within easy reach of local amenities, shops and transport links. The property comprises a spacious open-plan living and kitchen area, a well-proportioned double bedroom and a modern bathroom. The property also benefits from lift access. With a potential rental income of approximately £1,200 per calendar month, the property presents an attractive opportunity for investors, and has been successfully let out with no void periods for the last 10 years. The apartment is held on a 999-year lease commencing 1 January 2016. The current service charge is approximately £2,500 per annum, with ground rent of £700 per annum.
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Estimated market value
£
Range: £ — £
Medium confidence Floor Area: 388 sq ft (Floor plan)

This second-floor one-bedroom apartment in central Reading was valued by examining its compact 388 sq ft footprint and town centre setting. The evaluation accounts for the well-maintained interior presentation alongside a specific adjustment for a dated bathroom suite. Consideration was also given to the long leasehold tenure and established rental performance.

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