Caversham Road, Reading, RG1

Newly released – a bright one-bedroom first-floor apartment forming part of an attractive period conversion, with an impressive 19-foot open-plan living space, high ceilings, large windows and allocated parking. Yards from the Thames and just 0.3 miles from Reading Station, it is an ideal first purchase, down size or investment with a potential gross yields over 7%

FULL DESCRIPTION

Occupying the first floor of an attractive period property, that was expertly converted a few years ago, combines the security and elevated outlook of an upper-floor apartment with allocated parking and outstanding access to Reading Station, the River Thames and both Reading and Caversham town centres.

This is a home designed around convenience. Reading Mainline Station’s northern entrance is just 0.3 miles away which just 8 mins on foot, yet residents also have the considerable advantage of their own allocated off-street parking space—something many similarly located apartments simply cannot offer.

The accommodation extends to 394 sq ft, with much of the space devoted to an impressive kitchen, living and dining room measuring up to 19 feet wide. Three front-facing windows fill the room with natural light and alongside the high ceilings enhance its bright, open character.

The contemporary kitchen is arranged along one side of the living space and provides fitted cabinetry, work surfaces and integrated appliances. The generous width of the room creates comfortable areas for cooking, dining and relaxing, with enough flexibility to incorporate a home-working space if required.

The double bedroom is positioned away from the main living room at the rear of the building and measures up to 11'3" by 8'2". Its practical proportions allow room for a double bed and additional bedroom furniture, while the neutral presentation provides an easy starting point from which a new owner can make the apartment their own.

The modern shower room includes a glazed shower enclosure, fitted vanity unit, WC and contemporary tiling.

The property is in move-in ready condition & presented in a clean, modern style throughout, with tiled flooring in the open-plan living area and carpet in the bedroom.

The River Thames is only yards from the development, placing riverside walks, running routes and leisure time beside the water within effortless reach. Across the river, Caversham provides independent cafés, restaurants and pubs, while Reading town centre offers The Oracle, cinemas, shops, restaurants and major employment centres.

A useful parade of convenience stores, restaurants, takeaways and independent businesses sits directly opposite. Whether commuting, meeting friends for dinner, walking beside the river or heading into town, much of everyday life can be enjoyed without needing to use the car.

The combination of a first-floor position, allocated parking and proximity to one of the region’s principal railway stations also creates a strong investment proposition. Our current rental appraisal is £1,150 to £1,250 per calendar month, equivalent to an annual rental income of £13,800 to £15,000 presents an attractive investment return, with high yields, low voids & good quality tenants.

The lease has 124 years remaining, with ground rent of just £1 per year and a current service charge of £1,200 per year. Once the final apartment within the development has been sold, a share of the freehold is intended to pass to each of the apartment owners. Further details can be confirmed through the conveyancing process.

For buyers who would prefer a ground-floor home or a more private position away from the road, a second one-bedroom property is being released within the same development. A spacious tucked-away maisonette with its own entrance and still benefits from allocated parking. Please ask Black & White Property Services for details or to arrange viewings of one or both apartments.

INVESTMENT INFORMATION

Current rental appraisal: £1,150–£1,250 pcm
Potential annual rent: £13,800–£15,000

The rental appraisal reflects current market conditions and is not a guarantee of future income. The gross yield does not account for finance, tax, void periods, management fees, insurance, service charges, maintenance or other ownership costs.

UTILITIES

MAINS ELECTRICITY

MAINS WATER & DRAINAGE

COUNCIL TAX BAND B

SERVICES AND APPLIANCES DISCLAIMER

Black & White Property Services has not tested any appliances, equipment, fixtures, fittings or services at the property and cannot confirm that they are in working order or fit for purpose. Buyers should arrange for any necessary inspections or tests to be carried out before exchange of contracts.

Kitchen / Living / Dining Room

5.79m x 4.25m

Bedroom

3.43m x 2.49m

Parking - Allocated parking