Asking price
£180,000
Flat for sale
Market Place, Reading, RG1
Key features
- Investment Opportunity, Potential Yield 6%
- No Onward Chain Complications
- Central Reading Location
- Less Than 500 Meters From Station
- Modern Kitchen & Shower Room
- Well Presented Throughout
- EPC Rating C
Floor plan
Property description
**TENANT IN SITU**
Offered to the market with tenant in situ currently paying £900PCM is this well presented studio apartment conveniently located in the heart of Reading Town centre which is conveniently located for easy access to local amenities and is under 500 meters from Reading Mainline Station. Finished to a good standard with modern fitted kitchen and a modern shower room. In addition the property benefits from under floor heating and lifts to all floors. EPC Rating C
Accommodation
Open place living/dining/bedroom, fully fitted kitchen & shower room.
Local Information
Fast non-stop services to London Paddington, access to Jct. 11 & 12 of the M4 and within 30 miles of London Heathrow, central Reading is a desirable area for commuters and families alike. The town is made up of old and new, the Town Hall, Abbey Ruins and Forbury Gardens are complemented by the newly developed Train Station and Oracle Shopping Centre offering numerous bars, restaurants and the latest shops. Reading is set between the River Thames and River Kennet which meanders through the centre. There is no shortage of leisure facilities with various gyms, clubs and societies not to mention its own football and rugby teams. Reading boasts its renowned university along with college and highly sought after primary and secondary schools.
Additional Information
Electric, water and mains drain connected
EPC Rating C
Reading Borough Council
Council Tax Band B
Lease 125 years as of 1st January 2016
Ground rent £150 pa
Maintenance £650 pa
Should you proceed with the purchase of this property your solicitor should check these details are correct.
BUYERS INFORMATION
To conform with government Money Laundering Regulations 2019, we are required to confirm the identity of all prospective buyers. We use the services of a third party, Lifetime Legal, who will contact you directly at an agreed time to do this. They will need the full name, date of birth and current address of all buyers. There is a nominal charge of £60 including VAT for this (for the transaction not per person), payable direct to Lifetime Legal. Please note, we are unable to issue a memorandum of sale until the checks are complete.
REFERRAL FEES
We may refer you to recommended providers of ancillary services such as Conveyancing, Financial Services, Insurance and Surveying. We may receive a commission payment fee or other benefit (known as a referral fee) for recommending their services. You are not under any obligation to use the services of the recommended provider. The ancillary service provider may be an associated company of Davis Tate. (Not applicable to the Woodley branch – please contact directly for further information).
EPC
Energy Efficiency Rating
Very energy efficient - lower running costs
Not energy efficient - higher running costs
Current
72Potential
72CO2 Rating
Very energy efficient - lower running costs
Not energy efficient - higher running costs
Current
N/APotential
N/AExplore the area
Predicted broadband speeds
- Standard 19 mbps
Mortgage calculator
Your payment
Borrowing £162,000 and repaying over 25 years with a 2.5% interest rate.
Now you know what you could be paying, book an appointment with our partners Embrace Financial Services to find the right mortgage for you.

Stamp duty calculator
This calculator provides a guide to the amount of residential Stamp Duty you may pay and does not guarantee this will be the actual cost. This calculation is based on the Stamp Duty Land Tax Rates for residential properties purchased from 1 October 2021. For more information on Stamp Duty Land Tax, click here.