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1 bedroom  flat for sale The Forbury, Reading, RG1, main image
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Asking price

£220,000

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1 bedroom flat for sale

The Forbury, Reading, RG1

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Key features

  • ATTENTION INVESTORS - TENANT IN SITU
  • One Bedroom First Floor Apartment
  • Town Centre Location
  • .3 Miles From Reading Station
  • In Excess Of 5% Yield
  • Well Presented Throughout

Floor plan

Description

Street View

EPC

Property description

*ATTENTION INVESTORS - tenant in situ* Offered to the market with no onward chain complications and conveniently positioned within Reading Town Centre is this well presented one bedroom first floor apartment. Situated just over a quarter of a mile from Reading mainline station giving direct access to London as well as access to all the amenities nearby. The property benefits from an open plan living/dining/kitchen, double bedroom & bathroom. With a potential rental yield in excess of 5% pa this could suit investors or owner occupiers alike. EPC D

Local Information
Fast non-stop services to London Paddington and the Elizabeth line giving access from Reading to central London, 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.

Accommodation
Communal Entrance with stairs and lift access to the first floor. Hallway into the apartment with doors leading to double bedroom, modern style bathroom and into the open plan living/diner and kitchen area.

Additional Information
Reading Borough Council
Council Tax Band C
Electricity, mains and water connected.

Lease 125 years from 1st January 2015
Service Charge £2210pa
Ground Rent £300pa

Should you proceed with the purchase of this property these details must be verified by your solicitor.

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

(92 plus) A
(81 - 91) B
(69 - 80) C
(55 - 68) D
(39 - 54) E
(21 - 38) F
(1 - 20) G

Not energy efficient - higher running costs

Current

62

Potential

62

CO2 Rating

Very energy efficient - lower running costs

(92 plus) A
(81 - 91) B
(69 - 80) C
(55 - 68) D
(39 - 54) E
(21 - 38) F
(1 - 20) G

Not energy efficient - higher running costs

Current

N/A

Potential

N/A
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Borrowing £198,000 and repaying over 25 years with a 2.5% interest rate.

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Stamp duty calculator

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