This first floor, one bedroom apartment is located in a tree lined residential road within a mile of Reading town centre and within walking distance of Reading West station. The accommodation comprises a large living/dining room, fitted kitchen, double bedroom and Jack and Jill bathroom., Further benefits include residents parking and communal garden. The property is within close proximity of regular bus routes into the town centre and surrounding areas. Available with no onward chian complications.

Leave Reading town centre via Castle Hill, at the traffic lights turn right onto Tilehurst Road.

Proceed along, go over the mini roundabout and turn left into Southcote Road where Lesley Court can be found on the right hand side.

Communal Entrance Hall
Approached via communal front door with stair access to all floors.

Entrance Hall
Approached via personal front door, entry phone, built-in storage cupboard and doors to:

Living/Dining Room
18'7" x 11'7" - Full width front aspect window, storage heater, TV and telephone points and door to:

Kitchen
11'7" x 8'2" - Front aspect window, range of eye and base level units with rolled edge work surfaces, tiled splashbacks, stainless steel sink unit with drainer, cooker point, larder cupboard and plumbing for washing machine.

Inner Hall
Large built-in airing cupboard and doors to bedroom and bathroom.

Bedroom
13'3"  x 11'7" - Side aspect window and storage cupboard.

Bathroom
Side aspect double glazed obscured window, three piece suite comprising low level WC, wash hand basin, panel enclosed bath with shower unit, wall mounted electric towel radiator and part tiled walls.

Outside
Communal Areas
Lawned communal garden areas and residents parking bays.

Leasehold Information
We have been advised by the current owner that there are 61 years remaining on the lease, there is a service charge of £893.94 per annum and a ground rent of £60.00 per annum.

The Investment: 

Net purchase price: £100,000
Market Rent:  £725
Yield: 8.70%

Mortgage: £75,000

Based on 25% over 25 years @ 4.99%:

Monthly Re-payment: £438
Monthly Inv Positive Income: £286.99

Monthly Interest Only: £312
Monthly Inv Positive Income: £413.13