Skylark House, Drake Way, Reading
- PROPERTY TYPE
Apartment
- BEDROOMS
1
- BATHROOMS
1
- SIZE
Ask agent
Key features
- One bedroom apartment
- Open-plan living room with access to balcony
- Undercroft parking; Residents lift
- Well-tended communal grounds
- Video entryphone system; Well-kept communal areas
- No onward chain
Description
Featuring a contemporary open-plan living room with a well-defined kitchen area and doors leading to a balcony. The development features a mix of contemporary styled homes set within impressive communal grounds with a central plaza with a convenience store. Forming part of Kennet Island is a private hospital, Hilton hotel and a BMW dealership. Convenient for the newly opened station at Green Park with a dedicated bus service to the town centre and easy access to the M4 and business park. The apartment further benefits from undercroft parking space and is offered for sale with no onward chain.
Lease Information - Years remaining: 982
Ground rent: £352.85 PA
Service charge: £1,358 PA
Ground rent review period: Every 15 years in line with RPI , next review 2031
LEASE NOTE: Lease and service charge details are provided as a guide and are based on information supplied by the seller
Communal Grounds - The central plaza with a water feature also hosts 2 convenience stores and a cafe and located throughout the development are multiple children's play parks and recreation greens. The development also incorporates a large wildlife conservation area, running from along the side of the A33 up to the north point of Kennet Island with a series of wetlands and ponds. This area contains wild flowers to attract insects and bees, as well as wetlands and ponds for aquatic life, bird and bat boxes and is viewable via the decking, observation platforms and pier over the pond.
Parking - The property has an allocated space in the undercroft car park.
Possible Rental Yeild - The existing tenants are paying £1,100 per month, believe the current rental value for a furnished let would be £1250 per calendar month which based on the asking price represents a possible gross rental yield of 6.6%
Brochures
Skylark 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.
£350 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.
£1358
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.
982 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
Skylark 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 Station1.8 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.
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Visit our security centre to find out moreDisclaimer - Property reference 32527557. 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.
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