Property Details

Studio apartment for sale For Sale

£135,000

ROI = 12% BMV = 16.92%

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Description

Sellers view:"We purchased this property a few years ago as an investment. It was an easy decision once we saw the potential in its period charm and the space offered. We were simply captivated by its beauty, seclusion and light so close to town. We invested in renovating the property with a new kitchen which includes built-in appliances, three piece bathroom and brand new carpet in the studio space as well as decorating throughout to ensure it emulated its location. In the time that we have owned this beautiful property, it has looked after itself in relation to income and tenants are easy to come by given what it offers. We're sad to let this property go but know the new owners will be delighted". Area view:Residents will enjoy easy access to a variety of local amenities, including charming cafes, independent shops, and essential services. Just a short stroll away, you’ll find vibrant community spaces and parks, perfect for leisurely walks or picnics. The nearby shopping centers provide a range of supermarkets and retail outlets, ensuring that all your daily needs are met within minutes.For those who rely on public transport, this property boasts excellent transport links. Reading Central Train Station is just a short walk or bus ride away, offering direct services to London, Oxford, and other major cities, making it ideal for commuters. Additionally, local bus routes run frequently, connecting you to the wider Reading area and beyond.This studio home not only provides a comfortable living space but also places you at the heart of a vibrant community, making it a smart investment choice. Don't miss the opportunity to own a piece of Georgian charm in Castle Hill – perfect for those looking to make their mark in the property market! Kiel's view:Nestled in the heart of the sought-after Castle Hill area, this delightful studio Georgian home offers a unique blend of character and convenience, making it an ideal opportunity for investment buyers and those seeking budget-friendly living. Refurbished throughout only a few years ago and offered with no onward chain, this property is ideal for first time investors looking to get on the ladder or those wanting to secure a space close to town with everything you could need on your doorstep. The KLIC:<ul><li>979 year Lease</li><li>£850pcm Rent</li><li>£1,600pa Service Charge</li><li>£0pa Ground Rent</li><li>Gross Rental Yield 7.56%</li><li>Net Rental Yield 6.37%</li></ul> <ul><li>Brand New Kitchen EO 2022</li><li>Ground Floor</li><li>Brand New Carpets</li><li>Repainted</li><li>Three Piece Bathroom</li><li>Permit Parking Available Via Reading Council</li></ul>

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