Studio flat for sale

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Studio flat for sale

Grovelands Road, Reading
£124,000

Price History

Initial price £130,000
25/10/25 £127,000
26/11/25 £124,000
Price Change -4.62%

Description

This purpose-built first-floor studio apartment is offered to the market with a brand new lease of 125 years, providing vacant possession and no chain complications. The property has been comprehensively updated throughout and features a tasteful decoration, making it an ideal first-time purchase or a turn-key buy-to-let investment. With a realistic monthly rental income of circa £850, the property is conveniently located in a pocket development just 2 miles west of Reading town centre, within walking distance to local amenities, shops, supermarkets, and transport links. The apartment boasts a dual-aspect living room, fitted kitchen, and bathroom, as well as economy 7 pressurised hot water and heating, double glazing, and a garage. With a lease term of 125 years, ground rent of £74 per annum, and service charges of £904 per annum, this property offers a fantastic opportunity for investors and first-time buyers alike.