Flat for sale in Summit House, 49-51 Greyfriars Road, Reading RG1

Offered to the market with no onward chain is this well presented one bedroom apartment. The property, located on the top floor of this block, enjoys a convenient position with Reading train station a few minutes walk away. The apartment itself comprises of a large double bedroom, three piece bathroom and open plan kitchen living room. Being on the top floor, this specific apartment benefits from high vaulted ceilings, giving a great sense of space and letting the light fill the room from the east facing front aspect.
Summit House is also ideally located to be able to walk to the plethora of amenities Reading town centre. This includes a large array of eateries and retail shops both chain and independents. Viewings highly recommended as this property is ideal for investors and first time buyers alike.

Additional Information - Financial & Lease Info

Years remaining: 117
Service charge: £1959.42 per annum
Ground rent: £250 per annum
Ground rent review period: Every 25 years, doubling next review 2041

Additional Information (Part B)

Property construction – Standard form

Services:
Water – mains
Drainage – mains
Electricity - mains
Heating - Electric heating

Broadband connection available (information obtained from Ofcom):
Standard - adsl/copper wire

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”

Additional Information (Part C)

The property is located on the third floor and accessed via a lift.

Parking

There is no parking available at the property

Rental Yield

We believe the current rental value for a furnished let would be £1,100 per calendar month which based on the asking price represents a possible gross rental yield of 6.6%