This two bedroom refurbished apartment is located on the top floor of  a popular and established development to the West of Reading town centre. The accommodation comprises a living room, refitted kitchen, two double bedrooms and a refitted bathroom suite. Externally the property has communal grounds, a garage in a nearby block and residents parking. Further benefits include oak hardwood flooring and gas central heating. The property is set within walking distance of Reading town centre, Reading West station and regular bus routes to surrounding areas.

Leave Reading town centre via Castle Hill, at the traffic lights turn right onto Tilehurst Road, proceed along over the mini roundabout.

Turn left into Southcote Road where Josephine Court can be found on the right hand side.

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

Top Floor
Entrance Hall
Approached via personal front door, oak hardwood flooring, built-in storage cupboard with plumbing for washing machine, doors to:

Living Room
Rear aspect window with part frosted glass, two radiators, inset down lighters, hardwood flooring and TV point.

Kitchen
Rear aspect window, range of base level units with rolled edge work surfaces, inset sink unit with mixer tap, built-in cupboard with electric meter, built-in electric oven with gas hob and extractor fan, wall mounted Worcester combination boiler, inset down lighters and lino flooring.

Bedroom One
Side aspect window and radiator.

Bedroom Two
Side aspect window and radiator.

Bathroom
Refitted three piece suite comprising low level WC, pedestal wash hand basin with mixer tap, panel enclosed bath with shower unit over, extractor fan, tiled walls and tiled flooring.

Communal Gardens
Drying area.

Parking
Single garage in a nearby block  and residents parking.

Leasehold Information
We have been advised by the current owner that there are 64 years remaining on the lease and there is a £187.00 service charge per quarter.

The Investment: 

Net purchase price: £140,000
Market Rent:  £850
Yield: 7.29%

Mortgage: £105,000

Based on 25% over 25 years @ 4.99%:

Monthly Re-payment: £613
Monthly Inv Positive Income: £236.79

Monthly Interest Only: £437
Monthly Inv Positive Income: £413.38