Initial price	£155,000
24/08/24	£146,000
02/10/24	£129,950
Price Change	-16.16%

This apartment is a fantastic investment opportunity, located in Reading Town centre with immediate access to the mainline station. The property boasts an open-plan living area with a bay window, fitted kitchen, double bedroom, and bathroom. With no onward chain complications, this property is ready for a quick sale. The vendor is only accepting cash offers, and the property is being sold with all the necessary documentation and information readily available. The property has a 115-year lease remaining, with a service charge of £1,557.67 per year, which includes a one-off charge for roof repairs. Additionally, the property has a ground rent of £100 per annum, which will double to £200 per annum in 2029. The property is in need of remedial repairs to the roof, which are planned to take place in 2024/2025. The property has mains services, including water, drainage, electricity, and broadband connection. Parking is available on-street, with permits issued by Reading Borough Council. The current rental value for a furnished let is estimated to be £900 per month, representing a possible gross rental yield of 7%.