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1 bedroom property

Auction
Property
1 bed
1 bath
527
EPC rating: C
Added > 14 days

Key information

TenureAsk agent
Council taxAsk agent
BroadbandUltra-fast 1000Mbps *
Mobile signal
EEO2ThreeVodafone

Features and description

  • Long leasehold residential investment
  • One bedroom apartment
  • On-site parking space
  • Modern, purpose-built block
  • Close to town centre
  • Producing £15,600 per annum (annual equivalent rent)
  • Online Auction on Thursday, 14 December 2023

The property comprises a one bedroom apartment situated on the first floor of a modern, purpose-built block. The apartment is arranged as an open plan living room/diner, kitchen, one bedroom and a bathroom/WC and benefits from a Juliet balcony. The flat benefits from an on-site parking space, entry phone system and residents' passenger lift.


Location:

Reading is a principal town in the Thames Valley lying approximately 40 miles west of London and 25 miles south east of Oxford. It is situated just to the north of the M4 motorway, from which it can be accessed via junctions 11 and 12.  Reading railway station is a major rail hub providing regional and national rail links including direct services to London Paddington via GWR and the recently opened Elizabeth Line (Crossrail). Numerous bus services serve the area and London Heathrow Airport lies approximately 25 miles to the west.

Iliffe Close is runs east from Southampton Street just to the south of the town centre. The Oracle Shopping Centre is within a short walkiing distance providing numerous retail and leisure facilities.


Tenancy:

Let on an Assured Shorthold Tenancy for a period of 6 months from 11/11/2023 at a rent of £7,800 for the term of tenancy based on a rent of £1,300 per calendar month. The rent has been paid in advance and the balance will be apportioned to the purchaser on completion. A rent depositi of £1,148.08 is held.


Online Auction on Thursday, 14 December 2023. For further information, such as legal documents and property information, please visit bidx1.com.
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About this agent

BidX1 - Nationwide Auctions
BidX1 - Nationwide Auctions
Henry Wood House, 4-5 Langham Place London W1B 3DG
020 8033 0374
Full profileProperty listings
BidX1 are market-leaders in the digitalisation of property transactions, allowing buyers and sellers across the globe to complete transactions online in the most efficient and transparent manner. We combine industry-leading property expertise with proprietary technology to provide unparalleled levels of transparency, analytics and global reach, challenging the traditional process of marketing and transacting real estate. Our technology facilitates end-to-end online transactions, from listing to exchange of contracts.  To date BidX1 has sold over 20,000 properties through their digital platform, attracted visitors from 173 countries and buyers from 32 countries. A total value of £4 billion worth of property sold has been sold via our digital platform.  BidX1 currently operates in the UK, Ireland, and Cyprus, with further expansion into other European markets planned to meet the demand for an alternative to existing sale processes. BidX1 has a varied customer base, including multiple institutional investors, banks, listed vehicles, receivers, liquidators and propcos, as well as individual private sellers wishing to avail of the transparency and data that the digital platform provides.  Their innovative approach has earned them recognition in the form of a number of accolades, including the Irish Times' New Frontiers Award 2018 and the Investment Award 2018 at the Estates Gazette Tech Awards. BidX1 has also been shortlisted for Newcomer of the Year and Proptech Innovator of the Year at the Property Awards 2019 as well as for Proptech Company of the Year at the PROPS Awards 2019.
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