This two bedroom flat is located in the popular Binfield Village. The property is in need of modernisation internally. The accommodation comprises three piece bathroom suite, fitted kitchen, two double bedrooms, and a 14ft living/dining room. The location provides easy access to the local village shops, transport links and Binfield Primary School. There are communal grounds which are mainly laid to lawn and parking for residents.

Leave Prospect of Bracknell office and enter the ring road.

Take the first exit off of ringroad and proceed straight along Bond Way and take second exit off off Bond Way and proceed onto Wokingham Road.

Take the second exit off the mini roundabout continuing onto Wokingham Road.

Upon reaching the roundabout take the second exit onto Popeswood Road, and take the first turning right on St Marks Road.

Take the first turning on the right into Chapel Lane, where Underwood Court can be found on the left hand side.

GROUND FLOOR

Enter via wooden door into communal entrance hall:

Communal Entrance
Stairs to first floor.

FIRST FLOOR
Entrance Hall
Doors leading to both bedrooms, living room, kitchen, bathroom and airing cupboard, various power points and telephone point.

Bathroom
Side aspect frosted glazed window, three piece suite comprising hand wash basin with twin taps over, panel enclosed bath with twin taps, low level WC, wall mounted electric towel rail, fully tiled walls, shaver point and smooth ceiling.

Bedroom One
9' 6" x 12' 10" (2.90m x 3.91m) Front aspect glazed window, various power points, telephone point, wall mounted electric heater and smooth ceilings.

Bedroom Two
7' 7" x 12' 4" (2.31m x 3.76m) Rear aspect glazed window, wall mounted electric heater, various power points, telephone point and smooth ceilings.

Kitchen
9' 8" x 7' 2" (2.95m x 2.18m) Side aspect glazed window, a range of base and eye level storage units with straight edge work surfaces, single sink and drainer with twin taps over, space for freestanding cooker, space and plumbing fir washing machine, part tiled walls, various power points, smooth ceilings, wall mounted electric heater.

Living/Dining Room
14' 11" x 13' 9" (4.55m x 4.19m) Rear aspect twin glazed windows, two wall mounted electric heaters, telephone point, various power points and smooth ceiling.

OUTSIDE
Outside
Parking bays for residents, communal pathways leading to the front of the block.   

The Investment: 

Net purchase price: £135,000
Market Rent:  £850
Yield: 7.56%

Mortgage: £101,250

Based on 25% over 25 years @ 4.99%:

Monthly Re-payment: £591
Monthly Inv Positive Income: £258.69

Monthly Interest Only: £421
Monthly Inv Positive Income: £428.97