Offers over

£170,000

(£259/sq. ft)

Studio for sale
Heron House, Kennet Island RG2

    • 1 bath

    • 1 reception

    • 657 sq. ft

  • EPC Rating: C

  • Chain free
  • Leasehold

Martin & Co Reading

Logo of Martin & Co Reading

About this property

  • Manhattan-Style Studio Apartment

  • Low Service Charge - approx £350 Per Year

  • Ground Rent approx. £550 Per Year

  • Council Tax Band: A

  • Long Term Lease: 980 Years Remaining approximately

  • Allocated Parking Space in Building Car Park

  • Ideal Investment Opportunity: Approx. 7.2% gross yield

  • No Chain

  • Benefit From All Heron House + Kennet Island Amenities

  • Low Risk, Stable Addition to any Portfolio

Priced to sell with a tenant in situ this Manhattan-style studio flat is an excellent investment opportunity ideally positioned in the popular Kennet Island development, offering strong rental demand and an attractive yield of approximately 7%.

The property features a bright and modern open-plan living space with a clearly defined sleeping area, creating a practical, low-maintenance layout that appeals strongly to professional tenants. The kitchen is well equipped with integrated appliances.

A long lease, low service charge and no chain makes it perfect for an investor to add a low-risk fair return property to their portfolio in these times. A current rental income of £1,050 per month within an area of ever-present strong tenant demand is something not to be passed up.

In compliance with UK Anti-Money Laundering legislation, we are required to carry out identity and aml checks on all buyers. A non-refundable fee of £25 per buyer applies which is payable on offer acceptance.

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More information

  • Tenure

    Leasehold (980 years)

  • Service charge

    £350 per year

  • Council tax band

    A

  • Ground rent

    £550

  • Ground rent date of next review

See all recent sales in RG2

Property descriptions and related information displayed on this page are marketing materials provided by - Martin & Co Reading. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Martin & Co Reading for full details and further information.