2 Bed Apartment House For Sale Silver Street, Reading, RG1

£250,000- Apartment

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Last Updated: 21st May 2024

Description

Agents View

Quadrant Court is a popular choice for professionals due to its proximity to Reading town centre as well as the convenient amenities on the doorstep.
Built in 2004 the development offers additional extras for residents including a private gym with a full range of exercise equipment, secure/gated undercroft parking and maintained communal gardens and courtyard.
The apartment itself is located on the second floor and has the added bonus of a huge balcony stretching the entire length, giving a much more usable space to utilise or to simply relax. Accessed via sliding patio doors from the living room and bedroom one, both rooms are flooded with natural light.
The kitchen is a great size, separate from the main living space yet could easily be made open plan if preferred.
Bedroom one is a large double with en-suite shower room.

Location

Located on the edge of town less than ten minutes walk to the Oracle riverside, making this an ideal spot for town centre living with easy commuter links to the mainline train station and by car.
The immediate area is a thriving community with amenities literally opposite including convenience stores, take aways and popular pub The Turks.

Leasehold

103 years remaining
Ground Rent: £240 per year
Service Charge: £1840.93 per year

Investment Opportunity

Potential rental yield: 6.96%
From June 2024 rental amount achieved: £1,450 pcm
Agent Details
Avocado Property
Covering South East

Investment Analysis

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Calculators

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Property Forecaster are working in partnership with Midland Mortgage Bureau Limited. Midland Mortgage Bureau Limited is an appointed representative of The Right Mortgage Ltd, St Johns Court,70 St Johns Close, Knowle, B93 0NH, which is authorised and regulated by the Financial Conduct Authority. Midland Mortgage Bureau Limited financial Services Register number is 756490. The Right Mortgage Ltd Financial Services Register number is 649443.
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This is the potential achievable yield.
Potential Return-on-Cash Invested