2 Bed Flat For Sale Kings Road, Reading, RG1

£335,000- Flat

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Last Updated: 18th April 2024

Description

HASLAMS: Offered to the market in wonderful condition is this two bedroom apartment, located on the fourth floor within the iconic Verto building - a contemporary riverside development in the heart of Reading.
The apartment boasts a well-appointed dual aspect open plan living room which has a private balcony and full height windows that allow light to flood in from its southerly aspect.
The modern open plan kitchen/living/dining area is well appointed with integrated appliances while the main bedroom complete with fitted wardrobes.
With residents' only facilities such as a lounge, and landscaped roof gardens with far-reaching views, Verto offers a convenient town centre address within a short walk of the vibrant riverside restaurants of the Oracle, Forbury Gardens and the train station.

Rental Yield - *We believe the current rental value for a furnished let would be £1100 per calendar month which based on the asking price represents a possible gross rental yield of circa 6.9%

Additional Information - Financial & Lease Info - Years remaining: 244
Service charge: £2177 annual
Ground rent: 332.50 annual
Ground rent review period: Every 21 years, in line with RPI, next review 2025

Additional Information (Part B) - Property construction – Standard form

Services:
Water – mains
Drainage – mains
Electricity - mains
Heating - Electric

Broadband connection available (information obtained from Ofcom):
Ultrafast – Fibre to the premises (FTTP)

Mobile phone coverage
For an indication of specific speeds and supply of broadband and mobile, we recommend potential buyers go to the Ofcom web-site “Broadband and mobile coverage checker”

Additional Information (Part C) - Flooding
We understand the flood risk summary for the area around the property is considered medium surface water flooding, for further information please check the gov.uk website \"long term flood risk\"
Agent Details
Haslams Estate Agents
155, Friar Street, Reading, RG1 1HE
Show Contact Number
0118 960 1000

Investment Analysis

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Calculators

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Legal - YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY DEBT SECURED ON IT.

Property Forecaster are working in partnership with Midland Mortgage Bureau Limited. Midland Mortgage Bureau Limited is an appointed representative of The Right Mortgage Ltd, St Johns Court,70 St Johns Close, Knowle, B93 0NH, which is authorised and regulated by the Financial Conduct Authority. Midland Mortgage Bureau Limited financial Services Register number is 756490. The Right Mortgage Ltd Financial Services Register number is 649443.
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This is the potential achievable yield.
Potential Return-on-Cash Invested