This property is no longer on the market
2 bedroom flat
Key information
Property description & features
- Tenure: Leasehold (98 years remaining)
- Top Floor Flat in quiet development with allocated parking
- Ideal Investment or First Time Buyer Opportunity - long term tenants in situ on rolling contract
- Occupies entire top floor of the block with far reaching views to the South
- Gas Central Heating & Double Glazing Throughout - EPC Band C
- Two Bedrooms
- Walking Distance to Central Reading & Good road connections close to A4 & A33
- Great storage within the apartment - including eaves storage
- 125 Year Lease from 1997
- Share of the Freehold
Discover Serene Living in Coley, Reading! Step into this charming top-floor apartment, offering the perfect blend of comfort and convenience. Situated in the heart of Coley, Reading, this property boasts a range of appealing features:
2 Bedroom Top Floor Apartment
Far-Reaching Views
Gas Central Heating
Allocated Parking + Visitor Parking
Tenants in Situ (Investment Opportunity) - £975pcm rent currently on rolling tenancy 5.2% gross yield, with potential for more, current market value in the region of £1150- £1250pcm
97-Year Lease
£1,250 Per Annum Service Charges
Share of the Freehold - One of the most appealing things about this investment opportunity either for rental or as a home for yourself is the share of the freehold that comes with it, meaning there is no ground rent to pay, and giving you much more say in the management and care of the development.
Living/Dining Room: Spacious and inviting, ideal for relaxation and entertaining with two windows offering great views to the South
Separate Kitchen: Equipped with appliances by negotiation, natural light from velux window.
Bedrooms with Built-In Storage: Stay organized with built in storage in both bedrooms.
Bathroom: In this bathroom you can enjoy a luxurious bath or a convenient refreshing shower, complemented by a window for natural ventilation. easy to clean flooring Plus, a WC and pedestal hand basin.
Extra storage for your belongings: With a deep airing cupboard and almost stand up boarding eaves storage accesible from the living room
Spacious Hallway: Welcome guests into your inviting abode.
Well-Maintained Building: Low-level, ensuring peace and privacy.
Share of the Freehold: A valuable investment.
Don't miss this opportunity to own a piece of Coley's beauty. With tenants already in place, it's an attractive option for investors with a good gross yield and potential to improve it further. Act quickly, as properties like this don't stay on the market for long!
EPC Rating: C
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OnTheMarket may have applied supplementary data to this property listing, including:
Broadband availability and predicted speed: obtained from Ofcom on January 10, 2022
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2
Mobile phone signal availability and predicted strength: obtained from Ofcom on January 10, 2022
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
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