Asking price
£260,000
2 bedroom flat for sale
Kings Road, Reading, RG1
Key features
- Two Bedroom Apartment
- Town Centre Location
- Well Presented Throughout
- Gross Rental Yield Of 6.9%
- 0.3 Miles From Reading Station
- Easy Access To Amenities
Floor plan
Property description
**Investment Opportunity Only**
This well-presented two-bedroom upper-floor apartment is now available in the heart of Reading town centre, offering convenient access to local amenities, restaurants, transport links, and situated just over a quarter of a mile from Reading mainline station. The property is being sold with a tenant in situ, currently providing a gross rental yield of 6.9%. The apartment features an open-plan living/kitchen area, a bathroom, and two spacious double bedrooms. EPC Rating: D.
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 complimented 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
Entrance hall, airing cupboard, open plan living area with bay window, kitchen area fitted with a range of appliances. Double bedroom with bay windows and built in wardrobes, second double bedroom and large bathroom with shower.
OUTSIDE SPACE
No parking.
ADDITIONAL INFORMATION
Mains electric and water CONNECTED
Reading Borough Council
Council Tax Band D
Lease 125 years as of 30th November 2003
Ground Rent - TBC
Service Charge TBC
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 non-refundable charge of £78.00 including VAT. This does not increase if there is more than one individual selling. This will be collected in advance by Lifetime Legal as a single payment. Lifetime Legal will then pay Us £26.00 Inc. VAT for the work undertaken by Us.
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
68Potential
75CO2 Rating
Very energy efficient - lower running costs
Not energy efficient - higher running costs
Current
N/APotential
N/AMortgage calculator
Your payment
Borrowing £234,000 and repaying over 25 years with a 2.5% interest rate.
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Book a mortgage appointmentStamp 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 23rd September 2022 and second homes from 31st October 2024. For more information on Stamp Duty Land Tax click here.