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Longs Way, Wokingham, Berkshire

£575,000
Reduced on 26/06/2021
Romans, Wokingham
PROPERTY TYPE
Semi-Detached
BEDROOMS
x3
BATHROOMS
x3

Key features

  • 3 x one bedroomed maisonettes
  • Each is self-contained
  • Parking for each maisonette
  • Communal gardens
  • Close to amenities
  • Investment opportunity

Property description

Tenure: Freehold



INVESTMENT OPPORTUNITY

The Freehold for this development is now being put up for sale and the works were completed by a professional local builder 4 years ago to create 3 self-contained maisonettes. Each property benefits from a 10 year build warranty which has circa 6 years left to run.
There are 3 one bedroom maisonettes in the development and each is self-contained. They each benefit from private off road parking and use of a shared communal garden which includes shed, bike storage, patio and patio furniture. The 3 maisonettes generate a total income of £28,440 per annum, offering an attractive yield.

They are ideally located within easy reach of the town centre and mainline railway. There are shops nearby and a regular bus route.

A great opportunity for an investor, the purchaser who acquires this development will have the opportunity in future to sell individual units on a leasehold basis, if they wished, and either retain or sell the freehold. The costs of ownership are low as the purchaser would be acquiring the Freehold and therefore would not incur any Service Charges or Ground rents which are typically incurred when individual units are purchased.

There is also the potential to qualify for Multiple Dwelling Stamp Duty Relief.

The three maisonettes include:

No. 2
This has stairs leading straight to first floor. There is a duel aspect lounge, fully fitted kitchen, bathroom and good sized double bedroom. There is off road parking and communal garden

No. 2A
You enter on the ground floor to the open plan and generous sized living room/kitchen. This gives access to the double bedroom and bathroom. This also has an off road parking space and access to the communal gardens

No. 2B
Ground floor maisonette with shower room, double bedroom and lounge. This has a really good sized kitchen/breakfast room and a side door to the communal garden as well as off road parking for two vehicles.

Brochures

Particulars

Energy Performance Certificates

EPC Rating Graph

Longs Way, Wokingham, Berkshire

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Wokingham Station1.0 miles
  • Winnersh Station2.6 miles
  • Bracknell Station3.0 miles
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Market information
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About the agent

Romans, Wokingham

23 Market Place, Wokingham, RG40 1AP

Romans, Wokingham
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Disclaimer - Property reference WOK210014. 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 Romans, Wokingham. 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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