Flat for sale in Drake Way, Reading RG2
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Property features
- Potential gross yield of 6%; 2 Bedrooms, principal with en suite shower
- Open plan living room with 2 bays creates a light & airy room
- Well-defined Kitchen area with appliances
- Allocated parking; Well-kept communal grounds
- Excellent transport links with M4 access nearby & bus service to town centre
- No onward chain
- Potential gross yield of 6%
Property description
A delightful two bedroom 1st floor apartment situated within the sought-after Kennet Island development built by the Berkeley Group. Finished to a high standard throughout, this contemporary styled apartment offers an impressive dual aspect living room with a two bays and a well-equipped kitchen area with integrated appliances. There is a central plaza with convenience store and located within the development is a Hilton hotel, bmw dealership and a private hospital.
Conveniently located within striking distance of Green Park and the M4 with a dedicated bus route to the town centre.
Parking
The apartment has an allocated parking space and visitor permit for use in the visitor spaces located throughout the development. There are also a number of 2 hour bays for shared use located by the central Plaza and the convenience store.
Communal Grounds
There are multiple children's play parks and recreation greens within Kennet Island. Part of the landscaping of Kennet Island includes a large wildlife conservation area with pond and viewing platforms.
Additional Information - Financial & Lease Info
Years remaining: 982
Service charge: £1950 pa
Ground rent: £685 pa
Ground rent review period: Every 15 years, in line with rpi, next review 2037
Additional Information (Part B)
Property construction – Standard form
Services:
Gas - mains
Water – mains
Drainage – mains
Electricity - mains
Heating - Gas central heating
Broadband connection available (information obtained from Ofcom):
Superfast - Fibre to the cabinet (fttc)
Mobile phone coverage
For an indication of specific speeds and supply of broadband and mobile, we recommend potential buyers go to the Ofcom web-site “Broadband and mobile coverage checker”
Rental Yield
We believe the current rental value for a furnished let would be £1350 per calendar month which based on the asking price represents a possible gross rental yield of circa 6%
Property info
For more information about this property, please contact
Haslams Estate Agents, RG1 on +44 118 443 9283 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Haslams Estate Agents, and do not constitute property particulars. Please contact Haslams Estate Agents for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.