Situated in the heart of the Reading University area and within close proximity to Royal Berkshire Hospital, a well presented ground floor studio apartment. Having undergone refurbishment by the current owner the accommodation comprises refitted kitchen and bathroom, living room/bedroom and residents parking. Further benefits include double glazed windows. The property has excellent transport links on hand via Reading station and the M4 motorway being within easy reach.  

Leave Prospect of Reading via King Street towards Market Place, continue forward onto Kings Road, bear left at Forbury Road.

At the roundabout, take the 3rd exit and stay on Forbury Road, turn left at Kings Road, continue to follow the road, continue onto Wokingham Road, turn right at Crescent Road and Crescent Court can be found on the left.

Entrance Hall
Approached via front door, built in cupboard. 

Living Room/Bedroom
10'10" x 10'6" - Double glazed window, further floor to ceiling window and TV point.

Kitchen
Refitted with range of base and eye level units and roll edge work surfaces, inset sink unit with mixer tap and space for appliances. 

Bathroom
Refitted three piece suite comprising panel enclosed bath with power shower, low level WC, pedestal wash hand basin and fully tiled walls. 

Leasehold Information
We have been advised by the current owner that there are 91 years remaining on the lease, there is a service charge of £320.00 per annum and a ground rent charge of £50.00 per annum.

The Investment: 

Net purchase price: £90,000
Market Rent:  £595
Yield: 7.93%

Mortgage: £67,500

Based on 25% over 25 years @ 4.99%:

Monthly Re-payment: £394
Monthly Inv Positive Income: £200.79

Monthly Interest Only: £281
Monthly Inv Positive Income: £314.31