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£90,000

1 bed flat for sale
Warwick Road, Berkshire, Reading RG2

    • 1 bed

    • 1 bath

  • EPC Rating: B

  • Retirement
  • Chain free
  • Leasehold

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About this property

  • 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 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

Ground Rent Review Period: 100 Years

Current Annual Service Charge: £3,600

Service Charge Review Period: 1 Years

Current Length Of Lease Remaining: 107 Years

Warning: Never transfer funds to a property owner before viewing the property in person. If in doubt contact the marketing agent or the Citizens Advice Bureau.

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Viewing disclaimer: Quicklister endeavour to ensure the sales particulars of properties advertised are fair, accurate and reliable, however they are not exhaustive and viewing in person is highly recommended. If there is any point which is of particular importance to you, please contact Quicklister and we will be pleased to check the position for you, especially if you are contemplating traveling some distance to view the property.

Property Reference number : 956425

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More information

  • Tenure

    Leasehold (107 years)

  • Service charge

    £3,600 per year

  • Council tax band

    D

  • Ground rent

    £395

  • Ground rent date of next review

See all recent sales in RG2

Property descriptions and related information displayed on this page are marketing materials provided by - Quicklister. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Quicklister for full details and further information.