This one bedroom ground floor apartment is situated within a quiet cul-de-sac setting within walking distance of Reading town centre. The property is well presented throughout with accommodation comprises bay fronted 18ft living/dining room, double bedroom, modern fitted kitchen and refitted bathroom. Externally there is allocated parking. The property is within close proximity of local amenities and Reading mainline station. Reading station offers excellent commuter links into London with Paddington being a mere 25 minute journey away. The property is an ideal investment with an expected rental of £725pcm offering a 6.96% yield.

Leave central Reading via Castle Street, slight right to continue on Castle Street and at the roundabout take the second exit onto Castle Street.  

Turn left at Coley Hill and then take the left onto A4/Berkeley Avenue. 

Take the first right into Shaw Road, turn right at Holybrook Road and then continue onto Wensley Road. 

At the roundabout take the third exit onto Rembrandt Way where the property can be found.

Entrance Hall
Built-in airing cupboard, wall mounted heater and doors to all rooms.

Living/Dining Room
18'1" x 12' - Dual aspect bay window, wall mounted heater and TV point.

Kitchen
12'8" x 5'10" - Refitted range of eye and base level units with rolled edge work surfaces, inset sink unit with mixer tap, built in oven and four ring hob, space for fridge/freezer, plumbing for washing machine, space for further appliances and tiled flooring.

Bedroom
10'5" x 10'1" - Front aspect window and wall mounted electric heater.

Bathroom
Rear aspect window, refitted white suite comprising low level WC, pedestal wash hand basin, panel enclosed bath and part tiled walls.

Outside
Parking
Allocated parking space.

Leasehold Information
We have been advised by the current owner that there are approximately 107 years remaining on the lease, there is a service charge of £600.00 per half year and a ground rent of £60.00 per annum.

The Investment: 

Net purchase price: £125,000
Market Rent:  £725
Yield: 6.96%

Mortgage: £93,750

Based on 25% over 25 years @ 4.99%:

Monthly Re-payment: £548
Monthly Inv Positive Income: £177.49

Monthly Interest Only: £390
Monthly Inv Positive Income: £335.16