Cygnet House, Drake Way, Reading
- PROPERTY TYPE
Apartment
- BEDROOMS
2
- BATHROOMS
2
- SIZE
718 sq ft
67 sq m
Key features
- South facing balcony
- Secure allocated underground parking and communal cycle store; Lift within development
- Modern Berkeley development
- Circa 700 sqft
- Large master bedroom with En-suite shower room
- Potential gross yield of 6.2%*
Description
The open plan living room with a well-defined kitchen area opens on to a South facing Balcony which allows light to flood in to the apartment. Kennet Island itself is ideally situated for access to the town centre with a dedicated bus service providing easy access with mainline station and also Green Park with the planned station and the M4 motorway nearby.
Additional Information - Financial & Lease Info - Years remaining: 980
Service charge: £2,500 annual
Ground rent: £450 annual
Ground rent review period: Every 15 years, in line with RPI, next review 2030
Additional Information (Part B) - Property construction – Standard form
Services:
Water – mains
Drainage – mains
Electricity - mains
Heating - Electric
Broadband connection available (information obtained from Ofcom):
Ultrafast – Fibre to the premises (FTTP)
Mobile phone coverage
For an indication of specific speeds and supply of broadband and mobile, we recommend potential buyers go to the Ofcom web-site “Broadband and mobile coverage checker”
Parking - The property comes with allocated undercroft parking
On-street parking requires residents and visitors permits which are issued upon application by Reading Borough Council, charges apply, for an up to date list of charges please check reading.gov.uk "permit charges"
Rental Yield - We believe the current rental value for a furnished let would be £1,450 per calendar month which based on the asking price represents a possible gross rental yield of 6.2%
Brochures
Cygnet House, Drake Way, ReadingTenure: Leasehold You buy the right to live in a property for a fixed number of years, but the freeholder owns the land the property's built on.Read more about tenure type in our glossary page.
GROUND RENTA regular payment made by the leaseholder to the freeholder, or management company.Read more about ground rent in our glossary page.
£450 per year (Ask agent about the review period)When and how often your ground rent will be reviewed.Read more about ground rent review period in our glossary page.
ANNUAL SERVICE CHARGEA regular payment for things like building insurance, lighting, cleaning and maintenance for shared areas of an estate. They're often paid once a year, or annually.Read more about annual service charge in our glossary page.
£2500
LENGTH OF LEASEHow long you've bought the leasehold, or right to live in a property for.Read more about length of lease in our glossary page.
980 years left
Council TaxA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council tax in our glossary page.
Band: C
Cygnet House, Drake Way, Reading
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Reading Green Park Station1.1 miles
- Reading West Station1.7 miles
- Reading Station1.9 miles
About the agent
Haslams Estate Agents, Reading
159 Friar Street, Reading, RG1 1HE
About Us
Haslams Estate Agents is an independent, multi-award-winning agent located in the centre of Reading, Berkshire. With over a lifetime's experience, Haslams has been trusted to sell and let homes around the Thames Valley for over 185 years.
Our team of industry professionals have extensive knowledge in the Reading property market and all live in and around the area, allowing for up-to-date, expert advice.
Whether you are looking to
Industry affiliations
Notes
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Visit our security centre to find out moreDisclaimer - Property reference 32973406. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Haslams Estate Agents, Reading. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited.
**This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.
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