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Retirement
Chain free
Leasehold

£90,000

1 bed flat for sale

Warwick Road, Berkshire, Reading RG2
1 bed
1 bath
Email agent

£90,000

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

    • 1 bed

    • 1 bath

  • EPC Rating: B

Retirement
Chain free
Leasehold

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

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

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