£90,000
1 bed flat for saleWarwick 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
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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