Property Details

1 bedroom apartment for sale For Sale

129,131, Oxford Road, Katesgrove, Coley, Reading, England, RG1 7UU, United Kingdom

£129,950

ROI = 13% BMV = 8.82%

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Description

This apartment offers immediate access to Reading Town centre and is a short distance from Reading mainline station. Consisting of an open-plan living area with a bay window, fitted kitchen, double bedroom, and bathroom. This property is being sold with no onward chain complications and would make an ideal investment opportunity. CASH PURCHASERS ONLY NEED APPLY. Additional Information - Financial & Lease Info - Years remaining: 115 Service charge: £1557.67( for year 2024 which includes a one off charge of £517 for the roof repairs) Ground rent: £100 pa Ground rent review period: Every 15 years, review 2029 doubling to £200 pa Additional Information (Part B) - Property construction – Standard form We are informed by the vendor that there are remedial repairs planned to take place on the roof in 2024/2025. For further information please ask the agent for details. Services: Water – mains Drainage – mains Electricity - mains Heating - Electric 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” 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" Rental Yield - We believe the current rental value for a furnished let would be £900 per calendar month which based on the asking price represents a possible gross rental yield of 7%

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