ROI = 8% BMV = 14.94%
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Description
This spacious 1-bedroom first-floor purpose-built apartment is ideal for first-time buyers or investors looking for a no-chain sale with vacant possession. Offering a freshly decorated interior & new UPVC front door, this apartment features a new, fully fitted kitchen with plenty of space for appliances. Large reception room & double bedroom both rooms are flooded with natural light from the large double-glazed windows, Bathroom with bath, w.c & wash basin. The property also comes with insulated underlay ready for new carpets, ensuring comfort, warmth & soundproofing & is double-glazed throughout. The apartment benefits from residents' parking and a garage located in a nearby block. The lease is set at an impressive 1000 years from December 25, 1973, with a ground rent of £86.50 every six months and current service charges of £1093 until March 2025.Investment Opportunity:This apartment is an excellent investment opportunity, with an estimated rental value of £950 - £1000pcm per month. This would provide a rental yield of approximately 6.5%, making it a strong addition to any property portfolio. The attractive price point, combined with the long lease, parking & spacious accomodation, enhances its appeal for both long-term tenants and potential capital growth.Local Area & Transport Links:Western Elms Avenue in Reading offers excellent transport connectivity, making it an ideal location for commuters and residents.Train Services:<ul><li>Reading West Railway Station: Located approximately a 3-minute walk from Western Elms Avenue, Reading West station provides direct services to London Paddington, with journey times as short as 35 minutes.</li><li>Reading Railway Station: Situated about 1 mile from Western Elms Avenue, Reading station is a major transport hub offering extensive services, including direct trains to London Paddington and London Waterloo.</li></ul>Bus Services:The area is well-served by several bus routes, providing convenient access to various parts of Reading and beyond. Notable routes include:<ul><li>Route 33: Connects Central Reading to Turnham's Farm via Tilehurst Road, Corwen Road, Pierces Hill, and Little Heath Road.</li><li>Route 15: Links Central Reading to Calcot (Sainsbury's) via Oxford Road, Dee Park, and Tilehurst Triangle.</li><li>Route 17: Travels from Wokingham Road (Three Tuns) to Tilehurst (Water Tower) via Cemetery Junction, Central Reading, and Oxford Road.</li></ul>These routes, among others, have stops near Western Elms Avenue, ensuring easy access to public transportation.Local Amenities:The vicinity of Western Elms Avenue boasts a range of local amenities, including supermarkets, restaurants, and a 24-hour pharmacy. Additionally, a GP surgery is located at the corner of the avenue, enhancing the convenience for residents.In summary, Western Elms Avenue offers residents and investors a well-connected location with easy access to train and bus services, complemented by a variety of local amenities. EPC Rating: D
Find out MoreProperty Details
- Property ID: 157507001
- Added On: 2025-01-30
- Deal Type: For Sale
- Property Price: £175,000
- Bedrooms: 1
- Bathrooms: 1.00
Amenities
- 1-bedroom first-floor purpose-built apartment
- Garage in a nearby block
- Residents' parking available
- Freshly decorated throughout
- Newly fitted kitchen with space for appliances
- Insulated underlay ready for new carpets
- 1000-year lease from December 25
- 1973
- Leasehold with a ground rent of £86.50 per half-year & £1093 current service charges until March 2025
- NO CHAIN - Vacant Possession
- Spacious & light filled
