4 bedroom flat for sale
£350,000
Property info
Property description
Two Entirely Separate Properties – Available only as a Single Lot
Interesting investment opportunity close to Reading Town Centre
1 large duplex Apartment & 1 large ground floor Maisonette with basement – both subject to ASTs
Two off-road parking spaces, resident parking permits available
Potential (subject to planning) for extension, multiple occupancy letting or conversion of ground floor to Business use/Retail
The existing accommodation includes:
1st/2nd Floor Flat: 2 Bedrooms Bathroom, 1 Reception Room, Kitchen
Ground Floor Flat with Basement: Sitting Room, main Bedroom, small second Bedroom, Bathroom, Kitchen, Basement
Description/location: A prominent corner site within a quarter of a mile of Reading shopping centre and well placed for the railway station. The property has return frontage to Stanley Grove. It has accommodation over four floors (including one room in the basement) and is currently divided into two self-contained properties. The plans below show possible extension/conversion opportunities – no enquiries have been made of the Planners. An improving area with a very strong demand for rented accommodation.
Accommodation: The accommodation briefly comprises (all dimensions are approximate):
No 16a the 1ST /2ND floor duplex apartment
On the Second Floor:
Bedroom 1: 14'6 x 12'
Bedroom 2: 14'6 x 10'9
Landing
On the First Floor:
Front Reception Room: 14'6 x 12'
Kitchen: 10'9 x 7'9 with some modern units.
Bathroom
Landing
No 16 the ground floor maisonette With gas fired central heating
On the Ground Floor:
Front Reception Room: 14'9 x 12'3
Inner Hall
Bedroom: 11'9 x 10'4
En suite: With wash hand basin, low level wc.
Bedroom 2: 10'3 x 6'10
Bathroom
Kitchen: 14'6 x 8'3 reducing to 7'3, door to garden, Glow-worm wall mounted gas fired boiler for central heating and domestic hot water.
On the Lower Ground Floor:
Basement: With trap door from reception room and potential for alternative access from the front.
Outside: The rear garden includes an area of decking.
Two car parking spaces from Stanley Grove.
Services: Mains water, gas, electricity and drainage are connected. Gas fired central heating to the ground floor maisonette. Some storage heaters to the 1st/2nd floor duplex apartment.
Tenure: Freehold subject to and with the benefit of two registered leases and two ASTs. For further information please request information from Martin and Pole.
16 George Street Let for £725.00 per month (waiting for lease information)
16a George Street Let for £775.00 per month (waiting for lease information)
Local authority: Reading Borough Council, Civic Centre, Reading RG1 7ER. Telephone .
Directions: On Foot Pass from Broad Street into Oxford Road. Walk over the flyover and after about quarter of a mile George Street will be found on the right hand side.
By Car Driving around the Inner Distribution Road in a clockwise direction, take the exit after the A4/A329 exit. Turn left at the top into Chatham Street. Pass over the traffic lights and at the next roundabout turn right into Bedford Road and then immediately left into Battle Street. At the end of Battle Street turn left and the property will be found almost immediately on the right hand side.
Viewing: The property may be viewed by prior appointment with the owner's Sole Agents and Auctioneers Martin & Pole with offices in Wokingham and Earley, Reading. Telephone .
Offers invited
For more information about this property, please contact
Martin & Pole, RG6 on 0118 909 9454 (local rate)
Similar properties for sale nearby
This 4 bedroom flat, located in George Street, Reading, Berskhire RG1 is listed for sale for £350,000 . The current asking price is 118% higher than the average current value for properties on George Street which is £160,656. There have been 7 property sales on George Street in the last 3 years, with sold house prices averaging £160,357. This property has 4 bedrooms and is located in Reading.
£199,397 £379,264 £263,834 £187,863 £176,583
stats for
£1,384 (-0.69%) £7,556 (-3.65%) £4,774 (-2.34%) £7,513 (-3.63%) £6,248 (3.23%) £18,482 (-8.48%) £17,223 (-7.95%)
from
Property value data/graphs for RG1
| Property type | Avg. current value | Avg. £ per sq ft. | Avg. # beds | Avg. £ paid (last 12m) |
|---|---|---|---|---|
| Detached | £379,264 | £243 | 4.1 | £426,675 |
| Semi-detached | £263,834 | £243 | 3.5 | £265,856 |
| Terraced | £187,902 | £235 | 2.8 | £185,456 |
| Flats | £176,583 | £272 | 1.7 | £169,396 |
Current asking prices in RG1
| Property type | 1 bed | 2 beds | 3 beds | 4 beds | 5 beds |
|---|---|---|---|---|---|
| Houses |
£132,450 (2) |
£179,063 (11) |
£223,064 (22) |
£327,267 (11) |
£494,983 (3) |
| Flats |
£130,805 (19) |
£181,007 (36) |
£274,975 (2) |
£350,000 (1) |
- |
| All |
£130,962 (21) |
£180,552 (47) |
£227,390 (24) |
£329,162 (12) |
£494,983 (3) |
Current asking rents in RG1
| Property type | 1 bed | 2 beds | 3 beds | 4 beds | 5 beds |
|---|---|---|---|---|---|
| Houses |
£500 pcm (26) |
£834 pcm (19) |
£1,019 pcm (20) |
£1,243 pcm (26) |
£1,587 pcm (9) |
| Flats |
£704 pcm (55) |
£1,051 pcm (68) |
£2,184 pcm (2) |
£1,439 pcm (1) |
- |
| All |
£639 pcm (81) |
£1,004 pcm (87) |
£1,125 pcm (22) |
£1,251 pcm (27) |
£1,587 pcm (9) |
Fun facts for RG1
| Highest value streets | Zed-Index What is the Zed-Index |
|---|---|
| Thames Side | £493,222 |
| Downshire Square | £476,684 |
| Lancaster Close | £465,786 |
| Allcroft Road | £451,163 |
| Cadugan Place | £425,107 |
| Highest turnover streets | Turnover What is Turnover? |
|---|---|
| St. Saviours Terrace | 60.0% |
| Mount Pleasant | 58.3% |
| The Old Lane | 54.5% |
| Eldon Place | 50.0% |
| Greenidge Close | 50.0% |
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