Flat for sale in Warwick Road, Berkshire, Reading RG2

£80,000
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Flat for sale - 1 bedroom

1 1

Tenure:
Leasehold
Time remaining on lease:
107 years
Service charge:
£3,600 per year
Ground rent:
£395
Council tax band:
D

Property features

  • Private Garden
  • Parking
  • Landlord Investment Opportunity
  • Easy management with on site warden
  • Private Garden
  • Currently rented at £1100.00pcm
  • Newly refurbished
  • Long term tenant if needed
  • 13.20% return yield on investment ( 9.20% net)
  • Available to purchase or investment ( over 60 to take residency only)

Property description

Property Reference number : 956425

over 60S only for sale

Onsite Warden included (easy management)

(Refurbished in 2023 with new carpets throughout)

Offered to the market with No Onward Chain Complications is this well presented first floor double bedroom retirement apartment (exclusive to ages of 60+) located in a highly favored area just South of Reading Town Centre Adjoining Cintra Park.

Milward Court is a delightful modern retirement development (exclusive to ages of 60+) located in a highly favored area just South of Reading Town Centre adjoining Cintra Park.

The apartment offers a fantastic first floor corner position with park views which is benefited by lift access, also including allocated private parking and well maintained communal gardens. The accommodation is well positioned with local shops and amenities all within very short distance. The Oracle shopping complex is within a five minutes drive and approx. 20minute walk, There is also the bus route 5 Emerald which is a stones throw away from the complex.

Accommodation comprises of entrance hall, 20' dual aspect living room, modern kitchen, double bedroom, bathroom with shower over bath, UPVC double glazing and electric heating throughout.

The Development facilities include - resident administrator - 24 hour call service - spacious residents lounge - Communal laundry room - guest suite

Reading Borough Council - Tax Band D

Leasehold Information:

Lease = 125 years from November 2005 = 108 Years Remaining (2022)
Ground Rent = Approx., £395.00 per annum
Service Charge = Approx. £3600.00 per annum

Council Tax: D

Current Annual Ground Rent: £395.00

Ground Rent Review Period: 100 Years

Current Annual Service Charge: £3,600.00

Service Charge Review Period: 1 Years

Current Length Of Lease Remaining: 107 Years

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Property Reference number : 956425

Property info

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