2 bed flat for sale

Jubilee Square, Reading RG1

Summary

This charming 2-bedroom flat offers fantastic potential for anyone looking to add value, whether you intend to live in it personally or let it out. While some cosmetic updating is required throughout, the realistic asking price reflects this, making it an excellent opportunity to create your ideal home or investment property.

Located on the second floor, this apartment enjoys a peaceful setting as it faces inward, ensuring it is much quieter than others in the building with no road or traffic noise from the main road. The flat benefits from secure, electric gates providing access to an underground parking space and lockable bike storage. The lift offers easy access directly to and from the flat, including the basement.

Upon entering, you are greeted by a hallway with a convenient storage cupboard. The spacious lounge/diner features patio doors that lead out to a sunny private patio, overlooking a peaceful courtyard a perfect spot to unwind. The separate kitchen is equipped with space for a fridge/freezer, dishwasher, washing machine, and an integrated oven/hob. It is separated by a stud wall, which could easily be removed if you prefer an open-plan layout.

The main bedroom boasts its own en-suite shower room for added convenience and privacy. In addition, the building offers a resident's gym, which is particularly popular with renters or lodgers, making this property an appealing choice for investment.

With 101 years remaining on the lease, ground rent of 240 per annum, and an annual service charge of approximately 1,968 (164 per month), this property offers an attractive rental potential of around 1,500 per month.

Council Tax Band: B
Tenure: Leasehold
Length Of Lease: 101
Annual Ground Rent Amount: 240.00
Annual Service Charge Amount: 1,968.00

Auctioneers Additional Comments

Pattinson Auction are referred to below as The Auctioneer. This auction lot is being sold under either conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer. The property is available to view strictly by appointment only via any Marketing Agent or The Auctioneer. Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between any marketing agent and The Auctioneer so that all matters can be dealt with effectively. The property is being sold via a transparent online auction. To submit a bid on any property marketed by The Auctioneer, all bidders buyers must adhere to a verification of identity process in line with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere. Our verification process is in place to ensure aml procedures are carried out in accordance with the law

Auctioneers Additional Comments

The advertised price is commonly referred to as a Starting Bid or Guide Price and is accompanied by a Reserve Price. The Reserve Price is confidential to the seller and the auctioneer and will typically be within a range above or below 10% of the Guide Price, Starting Bid. These prices are subject to change. An auction can be closed at any time with the auctioneer permitting for the property (the lot) to be sold prior to the end of the auction. A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers obligations and sellers commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.

Auctioneers Additional Comments

In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price. The deposit will form part of the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum of 6,000 inc VAT) is also payable upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price, and consideration should be given by the purchaser to any Stamp Duty Land Tax liability associated with the overall purchase costs. Both the Marketing Agent and the Auctioneer may consider it necessary or beneficial to pass customer details to third-party service suppliers, from whom a referral fee may be received. There is no requirement or obligation to use any recommended suppliers or services.