1 bed flat for sale

Kings Road, Reading RG1

"Central Reading Investment" Second Floor Apartment With Secure Parking, Roof Terrace And Concierge!

Sellers view:"In the short time we have owned the property we have been more than happy with the return it has provided us.

Knowing the area well, we knew it was a sound investment and will continue to be for the foreseeable as the town (feels more like a city) continues to grow. Tenants have never been an issue to secure and the rates are strong due to the location and amenities this apartment block has to offer. From the roof terrace to the gym to the secure parking, there is so much to benefit from here that you won't get for a similar price close by.

We are only selling due to a change in our own circumstances otherwise it would have likely been a lifetime investment to hand down. As it is, we are passing the mantle on and offering somebody else the opportunity to succeed our vision and benefit from the future returns."

Kiel's View:
"Wow! Imagine having a roof terrace over the summer months or at least being able to offer it to tenants out there snapping properties up! Give yourself an unfair advantage regardless of the marketplace..
Entertaining friends, working from home (when it's warmer) or even on fireworks night! And with the gym downstairs there's no excuse for not getting 'summer ready' either.

Close to Reading town centre, this is a great home for those seeking ease of continuous Let as an investment given the growth potential Reading continues to fulfil with little effort and exceptional long-term expectations.
Built-in dishwasher and fridge with ample space in the storage cupboard for the washing machine in addition to the megaflow tank. Finished to a high standard and ready to move into with no onward chain.

You also have access to your allocated, secure parking space with fob access. Oh, and did I mention the roof terrace?.."

Area view:
In close proximity to the property you have access to Reading town centre and The Oracle Shopping Centre, here major stores can be found together with specialist retailers. Reading is known for the annual joint music festivals 'Reading & Leeds Festival' and has a vibrant night life and entertainment scene all year round.

Reading is also renowned for it's world famous University. When it comes to outdoor space, exercise and relaxation, there are ample long walks or cycle rides along the Thames path that are a perfect way to spend a Sunday. Caversham Lakes, home to prestigious rowing and sailing clubs, are not far away either.
The transformation of Reading continues to make it an ever popular choice for commuters into London. It's less than half an hour into Paddington, one of London's best connected Stations.

Ground Rent £275pa (Jan-Dec 24)
Service Charge £584.39 per quarter (Jan-Mar 24) - £2,337.56pa

**investors**
£2,612.56 - Annual Cost
£1,350pcm - Rent
£230,000 - Purchase Price
Gross Rental Yield - 7.04%
Net Rental Yield - 5.91%